Palisade Americas Management LLC entered into an agreement to acquire Consolidated?s assets in Washington from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) for $73 million in July 10, 2023. Cash proceeds of approximately $73 million, subject to customary working capital adjustments and other post-closing purchase price adjustments. The transaction remains subject to federal, state and local regulatory approvals and customary closing conditions. Houlihan Lokey served as exclusive financial advisor and Morgan, Lewis & Bockius LLP served as legal counsel to Palisade. Lazard served as the exclusive financial advisor to Consolidated Communications on the transaction. The transaction is expected to close in the second half of 2024. Ryan Lynch and Ryan Maierson of Latham & Watkins acted as legal advisor to Consolidated Communications.

Palisade Americas Management LLC completed the acquisition of Consolidated?s assets in Washington from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) on May 1, 2024.