N.H. PUC Asked to Clear Consolidated/Searchlight Deal
The New Hampshire Public Utilities Commission should OK Consolidated Communications' transfer of indirect ownership and control of its northern New England and Maine subsidiaries to Condor Holdings, a subsidiary of private equity firm Searchlight, Condor and Consolidated said last week…
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in a petition at the PUC (docket DT 23-103). The subsidiaries would continue to own their respective New Hampshire franchise, works and system after the deal is complete, it said. The agreement wouldn't “involve the transfer of the [Consolidated subsidiaries] to a new utility but instead is structured as a change of ownership at the holding company level and will not affect any of the operations or legal identities of the [subsidiaries].”