Grain Management, a private equity investment firm specializing in communications, has completed its purchase of a majority stake in Ritter Communications of Marked Tree. Ritter offers internet, phone, video services and cloud-based products to business, residential and wholesale customers.
Ritter Communications is part of E. Ritter and Co., whose family owners have led the business for five generations since it began providing local telephone service in 1906. Over the past 10 years, Ritter Communications has invested more than $100 million in local expansion.
Recent expansion projects include a $7 million broadband fiber infrastructure project in Hot Springs, construction of a data technology center in Jonesboro and a multimillion-dollar broadband fiber network expansion in Harrison.
Grain, founded in 2007, is based in Washington, D.C.
Business on 11/02/2019
Print Headline: D.C. firm now owns majority of Ritter