M&A Deal Summary

Xplornet Acquires CCI Wireless

On October 1, 2020, Xplornet acquired communications company CCI Wireless from Crown Capital Partners

Acquisition Highlights
  • This is Xplornet’s 2nd transaction in the Communications sector.
  • This is Xplornet’s 2nd transaction in Canada.
  • This is Xplornet’s 2nd transaction in Alberta.

M&A Deal Summary

Date 2020-10-01
Target CCI Wireless
Sector Communications
Buyer(s) Xplornet
Sellers(s) Crown Capital Partners
Deal Type Add-on Acquisition

Target

CCI Wireless

Calgary, Alberta, Canada
website
Corridor Communications, Inc. is an internet service provider specializing mainly in providing fixed-point wireless connections to homes in rural Alberta. Corridor Communications was founded in 20078 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Xplornet

Woodstock, New Brunswick, Canada

website


Category Company
Founded 2004
Sector Communications
DESCRIPTION

Xplornet is a provider of broadband access to rural consumers across Canada using both 4G Wireless and two-way next-generation satellites. Xplornet has been providing innovative fixed and mobile broadband solutions to rural customers at work, home and plays across Canada. Xplornet offers voice and data communication services through its unique hybrid fiber wireless and satellite network that connects Canadians to what matters. Xplornet was founded in 2004 and is based in Woodstock, New Brunswick.


DEAL STATS #
Overall 2 of 4
Sector (Communications) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Alberta) 2 of 2
Country (Canada) 2 of 4
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Platinum Communications

Calgary, Alberta, Canada

Platinum Communications Corp. operates a wireless broadband network that utilizes Next-Generation WiMAX technology to bring fast, reliable and affordable Internet and digital phone service to residents and businesses across the province.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Metro Loop

Hamilton, Ontario, Canada

Metro Loop, headquartered in Hamilton, Ontario, provides fiber-to-the-premise services through its state-of-the-art fiber network in Hamilton and Haldimand County.

Buy -

Seller(S) 1

SELLER

Crown Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Lender
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crown Capital Partners, Inc. is a Canadian investment manager that provides alternative debt financing for private equity backed and non-sponsored middle market transactions. The Firm typically invests $5 to $25 million in the form of subordinated debt and bridge loans to support acquisitions, management buy-outs, growth financings and recapitalizations. Crown Capital Partners was founded in 2000 and is based in Toronto with an additional office in Calgary.


DEAL STATS #
Overall 13 of 13
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Alberta) 4 of 4
Country (Canada) 11 of 11
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Galaxy Broadband Communications

Mississauga, Ontario, Canada

Galaxy Broadband Communications is a satellite service company that provides telecommunications services to enterprise customers across Canada. Galaxy has provided reliable and innovative communications to enterprises with remote locations where limited or no connectivity exists. The company utilizes a third-party satellite spectrum, combined with its proprietary networks and infrastructure, to deliver remote data communications, VoIP, and internet access to customers across a range of industries, including resource-based projects, government entities, emergency responders, and infrastructure projects. In addition, Galaxy offers a range of value-added services and solutions such as 24/7 managed service of IT networks, including security, monitoring, and reporting, as well as network design and consulting commercial installation and maintenance. Galaxy Broadband Communications was formed in 1992 and is based in Mississauga, Ontario.

Buy $8M