GTCR Closes Cellnet Sale

GTCR has completed its sale of Cellnet, an Alpharetta, Ga.-based provider of automated meter reading technologies for utility companies, to Bayard Group for approximately $705 million. GTCR partnered with Cellnet CEO Mike Zito to purchase the company in 2004. www.cellnet.com< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />