M&A Deal Summary

C Spire wireless Acquires TekLinks

On June 26, 2018, C Spire wireless acquired information technology company TekLinks from Pamlico Capital

Acquisition Highlights
  • This is C Spire wireless’ 1st transaction in the Information Technology sector.
  • This is C Spire wireless’ 2nd transaction in the United States.
  • This is C Spire wireless’ 2nd transaction in Alabama.

M&A Deal Summary
Date 2018-06-26
Target TekLinks
Sector Information Technology
Buyer(s) C Spire wireless
Sellers(s) Pamlico Capital
Deal Type Add-on Acquisition

Target

TekLinks

Birmingham, Alabama, United States
website
TekLinks, Inc. is a provider of complex technology solutions and managed and cloud services to businesses throughout Alabama, Mississippi, Tennessee, and the Gulf South.

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Buyer(S) 1

Buyer

C Spire wireless

Ridgeland, Missouri, United States

website

Category Company
Sector Communications
DESCRIPTION

C Spire wireless is a provider of wireless communications in the united states.

DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Alabama) 2 of 4
Country (United States) 2 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 Callis Communications

Mobile, Alabama, United States

Callis Communications, Inc. is a fast-growing provider of cloud-based unified communications as a service for businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Harbor Communications

Mobile, Alabama, United States

Harbor Communications LLC provides a range of voice and data unified telecommunications services to consumers and businesses on the Alabama Gulf Coast through a robust all-fiber optic infrastructure and a dedicated, local workforce. Harbor Communications is based in Mobile, Alabama.

Buy -

Seller(S) 1

SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 45 of 61
Sector (Information Technology) 4 of 7
Type (Add-on Acquisition) 23 of 32
State (Alabama) 3 of 3
Country (United States) 43 of 59
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 HEALTHCAREfirst

Springfield, Missouri, United States

HEALTHCAREfirst, Inc. is a provider of Software-as-a-Service (“SaaS”) solutions and services to home health and hospice agencies nationwide. HEALTHCAREfirst's solutions are web-based, providing critical patient information and management tools at the point of care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Personify

Austin, Texas, United States

Personify is a provider of software solutions for member-focused organizations. Personify offers products and services that enable organizations to acquire, engage and optimize relationships with their constituents. Personify captures and provides insight across all constituent interactions, allowing associations and nonprofit organizations to drive productivity and maximize revenue. Personify was founded in 1996 and is based in Austin, Texas.

Buy -
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