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Cable Company Sold to Canadian Group

July 19th, 2012 by WCBC Radio

Cogeco Cable Inc., a Montreal-based cable-television company, agreed to buy Atlantic Broadband for $1.36 billion, letting it expand into the US after a failed attempt to gain a foothold in Europe. Cogeco is purchasing the company from private-equity firms Abry Partners and Oak Hill Capital Partners in a deal that’s expected to be completed by year-end, the Canadian company said today in a statement. Quincy-based Atlantic Broadband operates cable systems in Pennsylvania, Florida, Maryland, Delaware, and South Carolina.

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