1963

Lancaster Corporation sold its majority share of American Cable Systems to Ralph Roberts, who built the business into what today is known as Comcast. Warren V. “Pete” Musser identified the sale as the first in a series of like engagements—the beginning of Safeguard’s long and continuous tradition of deploying capital in growth-stage companies and realizing value.

“The successful sale of the Tupelo system represents the first example of the investment pattern which Lancaster is designed to follow wherein it makes an investment in a company which is considered attractive… and develops the company to the point where it possesses a substantially larger value…”
— Warren V. “Pete” Musser, 1963 Lancaster Corporation Annual Report