M&A Deal Summary

Schurz Communications Acquires Orbitel Communications

On July 2, 2012, Schurz Communications acquired communications company Orbitel Communications

Acquisition Highlights
  • This is Schurz Communications’ 1st transaction in the Communications sector.
  • This is Schurz Communications’ 1st transaction in the United States.
  • This is Schurz Communications’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2012-07-02
Target Orbitel Communications
Sector Communications
Buyer(s) Schurz Communications
Deal Type Add-on Acquisition
Advisor(s) RBC Capital Markets (Financial)

Target

Orbitel Communications

Maricopa, Arkansas, United States
website
Orbitel’s system is a 100% 870 MHz, fiber-rich network delivering state-of-the-art services, including video, voice and internet products. Orbitel staff and management have extensive experience in the cable business and with the system, providing outstanding services to customers and the community.

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Buyer(S) 1

Buyer

Schurz Communications

Mishawaka, Indiana, United States

website

Category Company
Founded 1872
Sector Media
DESCRIPTION

Schurz Communications, Inc. is a diversified, privately-owned communications company It operates three other cable systems serving just under 90,000 subscribers (Coral Springs, Florida, Hagerstown, MD and Sun Lakes, AZ). Schurz also publishes eleven daily and eight weekly newspapers, and it operates ten television stations in seven markets and thirteen radio stations in three markets.

DEAL STATS #
Overall 1 of 5
Sector (Communications) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Arkansas) 1 of 1
Country (United States) 1 of 5
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-20 Long Lines

Sergeant Bluff, Iowa, United States

Long Lines LLC is a communications carrier serving Siouxland. Long Lines provides telephone, cable TV and internet broadband services to more than 20,000 business and residential customers. Long Lines LLC was founded in 1941 and is based in Sergeant Bluff, Iowa.

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