Oak Hill Capital to Acquire Otelco

Paul, Weiss is advising Oak Hill Capital Partners in its acquisition of Otelco Inc., a wireline telecommunications services provider in various states across the United States. Under the terms of the transaction, Oak Hill will acquire Otelco for $11.75 per share in cash, which represents an enterprise value of $105.6 million. The transaction is expected to close in the fourth quarter of 2020, subject to customary closing conditions and regulatory approvals.

The Paul, Weiss team includes, among others, corporate partners Brian Lavin, Angelo Bonvino and Eric Goodison and counsel Suhan Shim; employee benefits counsel Uri Horowitz; tax partners Lindsay Parks, Brad Okun and the late David Sicular; intellectual property partner Charles Googe; real estate partner Peter Fisch; litigation partner Geoffrey Chepiga; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.