ABRY Partners Completes Sale of CapRock Communications to Harris Corporation
BOSTON – July 30, 2010 – ABRY Partners has completed the sale of CapRock Communications to Harris Corporation, an international communications and information technology company, for $525 million in cash, subject to post-closing adjustments. CapRock Communications CEO Peter Shaper will serve as president of the business, which will operate as a wholly owned subsidiary of Harris Corporation.
CapRock Communications is a premier global satellite communications provider for the energy, government, maritime, engineering and construction and mining industries as well as for disaster recovery services. The company uses the latest field-proven satellite technologies to delivery highly-reliable managed communications services, including broadband internet, voice over iP, secure networking and real-time video, to the Word's harshest and most remote locations. CapRock leverages best-of-breed partnerships, technical expertise and a robust global infrastructure that includes four self-owned and operated teleports and eleven regional support centers across North America, Central and South America, Europe, West Africa and Asia Pacific.