M&A Deal Summary

SDC Capital Partners Acquires IQ Fiber

On September 15, 2021, private equity firm SDC Capital Partners acquired communications company IQ Fiber

Acquisition Highlights
  • This is SDC Capital Partners’ 5th transaction in the Communications sector.
  • This is SDC Capital Partners’ 6th transaction in the United States.
  • This is SDC Capital Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2021-09-15
Target IQ Fiber
Sector Communications
Buyer(s) SDC Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

IQ Fiber

Jacksonville, Florida, United States
website
IQ Fiber is a fiber-optic internet service provider that transforms the residential broadband market by offering a 100% fiber-optic network; stress-free plans with no data caps, contracts or hidden fees; and live, local experts to solve any problem that may arise. IQ Fiber was founded in 2021 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

SDC Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2017
PE ASSETS 400M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

SDC Capital Partners is an operationally oriented private investment firm focused on the IT and communications sectors. Specific areas of interest include data centers, fiber/networks, wireless infrastructure, and managed IT/cloud services. The Firm looks to commit $50 to $500 million per transaction and generally pursues platform businesses where it can pursue growth opportunities. SDC Capital Partners was established in 2017 and is headquartered in New York City.

DEAL STATS #
Overall 7 of 9
Sector (Communications) 5 of 7
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Florida) 1 of 1
Country (United States) 6 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Fatbeam

Coeur d’Alene, Idaho, United States

Fatbeam is a provider of reliable fiber-based network solutions to enterprise, healthcare, government, and education customers looking to accelerate their growth in the Western US. Fatbeam’s extensive network footprint spans over 45,000 fiber miles, primarily in population-dense metropolitan areas within Arizona, Idaho, Montana, Nevada, Oregon, Washington, and Wyoming. Fatbeam was founded in 2010 and is based in Coeur d’Alene, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Smartaira

Gardena, California, United States

Smartaira is a national, independent internet service provider specializing in smarter internet and entertainment solutions for property owners and managers. The company's bulk and retail broadband solutions focus on maximizing resident satisfaction and increasing property values. Its flagship managed service, Smartaira 360, provides seamless, community-wide internet connectivity with symmetrical, gigabit speeds, enterprise security, and unlimited data. Smartaira was founded in 1972 and is based in Gardena, California.

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