Waller Capital Advises Western Broadband on Sale to Schurz Communications, Inc.

Sun Lakes, AZ

Located in Sun Lakes, Arizona, Western Broadband provides video, voice and internet services to approximately 8,600 customers in the planned communities of Sun Lakes, Sun Bird, Robson Ranch, SaddleBrooke, and SaddleBrooke Ranch. Western delivers state-of-the-art services, including a wide range of digital and high definition channels, wireless modems, pay-per-view, and Digital Video Recorders. From its headquarters location in Sun Lakes, Western’s team of experienced technicians and customer service personnel provide outstanding service and response to its customers.

Schurz Communications, Inc. is a diversified, privately-owned communications company based in the South Bend, Indiana area. It operates two other cable systems serving just under 80,000 subscribers (Coral Springs, Florida and Hagerstown, MD) . Schurz also publishes eleven daily and eight weekly newspapers, and it operates ten television stations in seven markets and thirteen radio stations in three markets. Schurz also owns a phone directory business and a printing company. Geographically, the company has a presence in Alaska, Arizona, California, Florida, Georgia, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, Pennsylvania, South Dakota, and Virginia.

Schurz Communications CEO Todd Schurz said, “We are delighted to welcome Western Broadband into our family firm. Our company’s acquisition strategy is to find well-run companies that provide high-quality products and outstanding customer service that complement our portfolio of cable, television, newspaper, radio and digital businesses. Western Broadband and its employees embody those values and goals.”

Prior to the acquisition by Schurz Communications, Western Broadband was a portfolio company of Evergreen Pacific Partners, a private equity firm based in Seattle, WA. Tim Bernardez, co-founder of Evergreen Pacific Partners commented, “Western Broadband is led by a very capable and dedicated group of employees; it has been a pleasure to be affiliated with the company and we are pleased to see it now be owned by a stable and successful company like Schurz Communications”.

Waller Capital Partners, LLC served as exclusive Financial Advisor to Western Broadband and Evergreen Pacific Partners for the transaction.

About Evergreen Pacific Partners Based in Seattle, Wash., Evergreen Pacific Partners currently manages two private equity funds totaling $700 million, with a focus on investing in traditional, middle-market companies in Western North America. Evergreen Pacific was co-founded by Timothy Bernardez, T. J. McGill, and Michael Nibarger. Evergreen Pacific’s acquisitions and investments include Western Broadband (Phoenix, Ariz.), Gene Juarez Salons & Spas (Seattle, Wash.), Good Source Solutions (Carlsbad, Calif.), Haney Truck Line (Yakima, Wash.), Puget Sound Truck Lines, Inc. (Seattle, Wash.), Nickel Plate Express, Inc. (Portland, Ore.), Nuprecon (Snoqualmie, Wash.), CST Environmental (Brea, Calif.), Marcor Environmental (Baltimore, MD) and Radiant Imaging/Zemax Corporation (Redmond, WA)