Ridgemont Equity Partners Acquires Unite Private Networks

Newly formed buyout shop Ridgemont Equity Partners said it will acquire a majority stake in Unite Private Networks, a provider of high-capacity data communications networks. Financial terms of the deal were not released. Debt financing was arranged by the Royal Bank of Canada and included CoBank and Webster Bank. Charlotte, N.C.-based Ridgemont was formed in August 2010 and specializes in middle-market buyout and growth equity investments. Unite Private Networks is based in Kansas City, Mo.

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