Grain Management, a private equity firm investing in the global communications industry, together with E. Ritter and Company, has signed an agreement to acquire a majority stake in Ritter Communications. The company provides internet, phone, video services and cloud solutions to business, residential and wholesale customers in Arkansas and Tennessee.

Financial terms of the deal were not released. It is expected to be completed before the end of the year.

“Ritter Communications has a best-in-class network, an enviable market position, a proven management team and a strong heritage,” Grain Management founder and CEO David J. Grain said. “We appreciate the trust the Ritter family has placed in Grain as its preferred partner. Investing and partnering with companies like Ritter Communications is what we do best, and we are excited to be spearheading a plan for accelerated growth while preserving the Ritter Communications customer-oriented culture.”      MORE