M&A Deal Summary

Globe Wireless Acquires Seawave

On June 1, 2007, Globe Wireless acquired communications company Seawave from Liberty Partners

Acquisition Highlights
  • This is Globe Wireless’ 1st transaction in the Communications sector.
  • This is Globe Wireless’ 1st transaction in the United States.
  • This is Globe Wireless’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2007-06-01
Target Seawave
Sector Communications
Buyer(s) Globe Wireless
Sellers(s) Liberty Partners
Deal Type Add-on Acquisition

Target

Seawave

Middletown, Rhode Island, United States
website
Seawave, LLC is an FCC-licensed common carrier delivering satellite communications to ocean-going vessels. SeaWave offers two-way Internet e-mail and voice, full-color graphic weather charts, text weather forecasts, and other information services to private, government, and commercial vessels

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Buyer(S) 1

Buyer

Globe Wireless

Palm Bay, Florida, United States

website

Category Company
Founded 1993
Sector Communications
DESCRIPTION

Globe Wireless provides wireless communications for the maritime industry. It combines service and technology to simplify worldwide communications to and from ships at sea.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Rhode Island) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

Liberty Partners

New York, New York, United States

Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Liberty Partners is a private equity investment firm that targets controlling or substantial-minority investments in North American companies. Liberty looks for opportunities in manufacturing, business services, and education-related companies and seeks to invest $20 to $75 million of equity capital per transaction. Target businesses generally have at least $50 million in revenues and at least $6 million in EBITDA. Prospective transaction types include leveraged buyouts, corporate divestitures, recapitalizations, going-privates, build-ups, and growth financings. Liberty Partners was formed in 1992 and is based in New York City.

DEAL STATS #
Overall 16 of 32
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 6 of 12
State (Rhode Island) 1 of 1
Country (United States) 16 of 32
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Shelton Ogle Enterprises

Arlington, Texas, United States

Shelton Ogle Enterprises, Inc. is a for-profit postsecondary educational institution that offers certificate programs in Cosmetology and Esthetics, and all programs offered are approved by the U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Technical Concepts

Winchester, Virginia, United States

Technical Concepts, LLC is a designer and marketer of 'touch-free' automated products and other related products and services for hygiene and odor control in 'away from home' restrooms. An inventing, manufacturing and commercializing reliable, cost-effective product systems designed to meet the hygiene and touch free needs in washrooms and at washstations.

Sell $445M
Mergr

Product

Company

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