GS Communications Nets $740mm From Adelphia Communications

New York, NY

On March 9, 2001, GS Communications closed the sale of substantially all of its assets to Adelphia Communications for $740MM. The company served the rapidly expanding, high growth Mid-Atlantic region, including Maryland, Pennsylvania, Virginia and West Virginia. Waller Capital advised GS Communications on the sale.

The sale is a continuation of a record run for Waller Capital that began in early 1999. From 1999 through 2000, Waller initiated or closed a total of more than $14 billion of M&A transactions for which it was the sell-side representative.

For more information contact:
John W. Waller, III
Waller Capital Corporation
(212) 632-3600