M&A Deal Summary

Consolidated Communications Acquires Fairpoint Communications

On December 5, 2016, Consolidated Communications acquired communications company Fairpoint Communications for 1.5B USD

Acquisition Highlights
  • This is Consolidated Communications’ 6th transaction in the Communications sector.
  • This is Consolidated Communications’ largest (disclosed) transaction.
  • This is Consolidated Communications’ 6th transaction in the United States.
  • This is Consolidated Communications’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-12-05
Target Fairpoint Communications
Sector Communications
Buyer(s) Consolidated Communications
Deal Type Add-on Acquisition
Deal Value 1.5B USD
Advisor(s) Evercore Group (Financial)
Paul Hastings (Legal)

Target

Fairpoint Communications

Charlotte, North Carolina, United States
website
Entrance to Fairpoint Communications' corporate headquarters in Charlotte, North Carolina.
Entrance to Fairpoint Communications' corporate headquarters in Charlotte, North Carolina.
Fairpoint Communications, Inc. is a provider of advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Fairpoint was formed in 1991 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Consolidated Communications

Mattoon, Illinois, United States

website

Category Company
Founded 1894
Sector Communications
Employees3,200
Revenue 1.2B USD (2022)
DESCRIPTION

Consolidated Communications is an integrated communications services company that operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier dependent upon the territory served. Consolidated provides an array of services in consumer, commercial and carrier channels in 11 states, including local and long-distance service, high-speed broadband Internet access, video services, VoIP, custom calling features, private line services, carrier grade access services, network capacity services over our regional fiber optic networks, data center and managed services, directory publishing, equipment sales and cloud data services. The geographic areas the Company serves are characterized by a balanced mix of growing suburban areas and stable, rural territories. Consolidated Communications was incorporated in 1894 and is based in Mattoon, Illinois.

DEAL STATS #
Overall 6 of 6
Sector (Communications) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (North Carolina) 1 of 1
Country (United States) 6 of 6
Year (2016) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Champaign Telephone

Champaign, Illinois, United States

Champaign Telephone Co. is a provider of communication services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Consolidated Communications - IT Services Equipment and Integration Business

Mattoon, Illinois, United States

Consolidated Communications, Inc. - IT Services Equipment and Integration Business provides data center, unified communications, networking, and security solutions to a diverse set of domestic and international customers including commercial, enterprise, and state, local, and education (SLED) organizations in the upper Midwest.

Sell -
Mergr

Product

Company

Legal