Liberty Capital (GLIBK) Acquires Quintillion in $360M Synergistic Deal

Alluvium Asset Management's second-quarter 2026 investor letter highlighted Liberty Capital Corporation (NASDAQ:GLIBK) as a positive addition to its portfolio. Liberty Capital Corporation, a communication services company, recently acquired Quintillion, a fiber cable company, for $360 million, which is expected to generate synergies worth around $20 million and add significant value to the deal.

Quintillion, which owns approximately 3,000 kilometers of fiber cable and plans to expand by an additional 2,500 kilometers, generates around $55-60 million in revenue and $30 million in free cash flow. The acquisition aligns well with Liberty Capital's existing GCI operations. Additionally, Liberty Capital decided to exit the competitive and low-margin video business.

Despite facing a share price decline, the CEO's share purchases encouraged the fund to increase its position, now representing 3.4% of its portfolio.