Clarity Telecom, which is backed by Pamlico Capital, has agreed to purchase WOW! South Dakota Systems for gross proceeds of approximately $262 million in cash. The South Dakota broadband assets had total customers and RGUs of approximately 52,700 and 110,600, respectively, as of March 31, 2014, and generated annual revenues of approximately $81.1 million during 2013. The $262 million purchase price represents a purchase multiple of approximately 8.2x on the year ended December 31, 2013. WOW! is backed by Avista Capital Partners.