Cogeco Cable Buying Atlantic Broadband to Expand in U.S.

Cogeco Cable Inc., a Montreal-based cable-television company, agreed to buy Atlantic Broadband for $1.36 billion, letting it expand into the U.S. after a failed attempt to gain a foothold in Europe.

Cogeco is purchasing the company from private-equity firms Abry Partners and Oak Hill Capital Partners in a deal that’s expected to be completed by year-end, the Canadian company said today in a statement. Quincy, Massachusetts-based Atlantic Broadband operates cable systems in Pennsylvania, Florida, Maryland, Delaware and South Carolina.