GTCR Announces Acquisition of Consumer Cellular

CHICAGO, Oct. 28, 2020 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Consumer Cellular, Inc. ("Consumer Cellular" or the "Company").
GTCR Announces Acquisition of Consumer Cellular
Headquartered in Portland, Oregon, Consumer Cellular is a leading provider of postpaid wireless services with a focus on the 50+ demographic.A The Company currently serves approximately 4 million subscribers nationwide providing affordable cellular plans and award-winning customer service.In executing the Leaders Strategya??, GTCR is partnering with Ed Evans.A Mr. Evans will become the new CEO of Consumer Cellular upon the close of GTCR's investment. Mr. Evans is an accomplished executive in the wireless space with more than three decades of experience including partnering with GTCR in its prior investment in Syniverse Technologies. Mr. Evans succeeds Consumer Cellular founder John Marick who has served as the Company's CEO since inception.A Mr. Marick will remain a substantial shareholder of the Company and remain on the board of directors."John and the Consumer Cellular team have built a tremendous business that is well-positioned for long-term success," said GTCR Managing Director David Donnini.A "The entire Consumer Cellular organization should be proud of the business they have built.A We look forward to Ed working with the Company and its employees to continue Consumer Cellular's legacy of growth and innovation."
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