Satellite Coverage Maps - Sat Footprint Intelsat 10-02 (Intelsat 1002, Intelsat Alpha-2, Intelsat X-02, IS-1002) / Thor 5 (Thor 2R) / Thor 6 (IS-1W) ITC Global. Riverside Partners Acquires ITC Global. Boston-based buyout shop Riverside Partners is taking a majority stake in ITC Global, a provider of satellite communications services to mining, energy and maritime businesses operating in remote environments. Terms of the deal were not released. PRESS RELEASE Riverside Partners, a Boston-based private equity firm, announced today that it has entered into an agreement to acquire a majority equity interest in ITC Global (“ITC” or the “Company”), an international provider of satellite communications services to mining, energy and maritime businesses operating in remote or harsh environments.
As part of the transaction, Riverside Partners will also provide the Company with significant capital to support ITC’s future growth initiatives. ITC is headquartered in St Petersburg, Florida. The investment is expected to close following customary regulatory approvals. ITC Global provides enterprise grade satellite communications services on a global basis. Riverside Partners Closes ITC Global Buy. Riverside Partners said Monday that it has completed its buy of a majority stake in ITC Global. The deal was announced in November. St Petersburg, Fla. -based ITC provides satellite communications services to mining, energy and maritime businesses operating in remote or harsh environments.
Riverside Partners, a Boston-based private equity firm, announced today that it received final regulatory approval and has completed its acquisition of a majority equity interest in ITC Global (“ITC Global”, “ITC” or the “Company”), an international provider of satellite communications services to mining, energy and maritime businesses operating in remote or harsh environments. ITC Global is headquartered in St Petersburg, Florida. The terms of the transaction, which was previously announced in November 2011, were not disclosed. ITC Global provides enterprise grade satellite communications services on a global basis. About ITC Global About Riverside Partners.
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