BAY COUNTRY COMMUNICATIONS, INC. RETAINS HERITAGE EQUITY PARTNERS
SEPTEMBER 6, 2013 – CAMBRIDGE, MARYLAND – Heritage Equity Partners has been retained to seek a joint venture or equity partner for, or a sale of the land, buildings, equipment, and business of, Bay Country Communications, Inc. (“BCC”). BCC owns and operates cable television and broadband systems serving approximately 2,100 residential, municipal and commercial subscribers in Dorchester County, Maryland.
Bay Country Communications operates from two offices in East New Market and Cambridge, MD, with data and media links located in a 10,000 square foot warehouse in East New Market. BCC’s system consists of a 100+ mile fiber optic network, which provides critical links to many local agencies at locations spread throughout the county. BCC has also expanded into web and business application development, IT services, wireless networking and advertising services, and is currently building and maintaining a wireless rural broadband network.
BCC’s plant consists of 123 miles of a two-way network with spacing to accommodate 750 MHz of bandwidth. This network includes 100 miles of fiber and is supported by AT&T Golden Reward T-1’s. The network also includes 39 nodes of fiber optics.
According to Fred Cross, a Partner at Heritage Equity Partners, “This is an excellent opportunity to partner with, invest in, or acquire a growing cable television and broadband service provider. Their system is one of the very few remaining independent operators in the area. Increasing penetration of a growing local population, as well as low churn due to outstanding customer service and products, has enabled Bay Country Communications to consistently grow its subscriber base over the past several years. With moderate capital investment, potential expansion into new neighboring markets is virtually limitless.” The company will continue to operate and serve its customers throughout the sale process.
Heritage Equity Partners, headquartered in Easton, Maryland, provides investment banking services for companies and properties with unique difficulties such as financial distress, bankruptcy, special financing needs, or partnership disputes, and has completed in excess of 400 engagements throughout the United States since 1988.
Fred Cross, [email protected], (866) 969-1115 ext. 2
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