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Legacy Capital Announces the Acquisition of Network USA, LLC and Sun America Communications, LLC by Conterra Ultra Broadband

HomeTransactionsLegacy Capital Announces the Acquisition of Network USA, LLC and Sun America Communications, LLC by Conterra Ultra Broadband

New Orleans, LA – January 29, 2018 – Legacy Capital (www.legacycapital.com) announced today that its clients, Network USA, LLC and Sun America Communications, LLC (collectively “NUSA”), have signed a definitive agreement to be acquired by Conterra Ultra Broadband Holdings, Inc. (“Conterra”). Network USA is a rapidly growing builder, owner and operator of facilities-based lit and dark fiber primarily in Louisiana and Texas with a successful operating history of nearly two decades. NUSA serves the same industry customer segments as Conterra: wireless and landline carriers, healthcare organizations, government and mid-sized as well as Fortune 500 enterprises.

“Our team is really excited to become part of Conterra. Our service area in Louisiana and East Texas is a great strategic fit and our fiber assets in Arkansas and Mississippi will provide Conterra immediate access to new markets,” said James Davis Network USA’s president. “The combined network assets of our two organizations will significantly benefit our existing customers by enabling new technical capabilities and opening new growth opportunities including alternative transport options for wholesale carriers,” noted Mr. Davis.

This transaction will increase Conterra’s fiber presence by nearly 3,000 miles in two of its largest operating states, Louisiana and Texas, expanding its regional fiber footprint throughout the Gulf Coast/East Texas region and providing entry into two new states: Arkansas and Mississippi. The NUSA fiber network is complementary to the assets of Conterra’s previously announced acquisition of Detel Communications, another significant Louisiana-based fiber-optic network services provider.

“This is another important competitive enhancement for Conterra as we densify our infrastructure in existing commercial markets and increase our fiber network connectivity and regional service offerings,” commented Conterra’s Chairman and Chief Executive Officer, Steve Leeolou. “This acquisition will connect and expand Conterra’s existing networks in the Gulf Coast/East Texas region, while simultaneously adding management, operational and product portfolio depth in dozens of communities in this part of the country,” added Mr. Leeolou.

Terms of the transaction, which is subject to pending regulatory approvals, are not being disclosed.

Marianne Van Meter
Managing Director
Legacy Capital LLC
433 Metairie Road Suite 405
Metairie, LA 70005
PH: 504.837.3419

About Legacy Capital
Legacy Capital (www.legacycapital.com) offers unparalleled investment banking services to private companies, specializing in mergers and acquisitions and private placements. The firm’s experienced team of professionals is dedicated to providing comprehensive representation and advisory services across a broad range of industries. Legacy Capital creates solid relationships with its clients through personalized service and by delivering exceptional results. The firm was founded in 1994 and is based in New Orleans, Louisiana. Legacy Capital is a registered broker/dealer with FINRA (www.finra.org).

About Network USA and Sun America Communications
Network USA and Sun America Communications are a large, regional telecommunications company that creates and manages multi-state networks for businesses across the Gulf South. The Company provides voice and data solutions to customers via approximately 650 route miles of fiber optic network in Louisiana, Arkansas, Mississippi and Texas. The Company’s customers include commercial, residential, educational, and government clients across the Gulf South.

About Conterrra Ultra Broadband
Conterra Ultra Broadband, Inc., provides private fiber optic broadband networks for metropolitan, suburban, and rural markets in the United States. It offers managed fiber-based and carrier grade telecommunications solutions for schools, healthcare organizations, wireless and wireline carriers, government entities, municipalities, and other enterprises that require bandwidth intensive and carrier-grade data, video, and voice transport services. The company also provides wide area network (WAN) and cell tower backhaul services; wireless backhaul networks to offer carriers with Ethernet and TDM circuits, backhaul transport, and optical fiber and FCC-licensed microwave; and high-speed broadband networks to offer high speed Internet, distance learning, and voice over IP (VoIP) telephony. Additional information about Conterrra can be found on its website at http://www.Conterrra.com.