Capitala Group announced that it recently led a $45.0 million investment to support ITC Capital Partners in its acquisition of the BVU OptiNet fiber optic network by Sunset Digital Holding, LLC. 

"We were excited to have led the financing for this transaction." stated Joe Alala, III, Chairman & CEO of Capitala Group. "We are equally as excited to have worked with ITC Capital Partners on this deal, as they have demonstrated their capability of successfully investing in the suburban and rural telecommunications space."  

Based out of Bristol, VA, Sunset Digital is a tier-two next generation fiber optics services company serving the southwest Virginia and northeast Tennessee regions.  Sunset provides broadband Internet, private data, Internet Protocol Television, and Telephone services to residential customers, small business, medical facilities, banks and other Internet service providers.