Harris Finalizes Acquisition of CapRock Communications

Harris Corp., an international communications and information technology company, has completed its previously announced acquisition of CapRock Communications.
 
Privately held CapRock was purchased for $525 million in cash, subject to post-closing adjustments.
 
Private equity firm ABRY Partners was the majority owner of CapRock.
 
CapRock Communications CEO Peter Shaper will serve as president of the business, which will operate as a wholly owned subsidiary of Harris Corp.
 

 
With nearly three decades of experience, 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 deliver highly-reliable managed communications services, including broadband Internet, voice over IP, secure networking and real-time video, to the world's harshest and most remote locations. CapRock leverages partnerships, technical expertise and a 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.