M&A Deal Summary

American Cellular corp. Acquires Highland Cellular

On October 5, 2006, American Cellular corp. acquired communications company Highland Cellular from Alta Equity Partners for 95M USD

Acquisition Highlights
  • This is American Cellular corp.’s 1st transaction in the Communications sector.
  • This is American Cellular corp.’s largest (disclosed) transaction.
  • This is American Cellular corp.’s 1st transaction in the United States.

M&A Deal Summary

Date 2006-10-05
Target Highland Cellular
Sector Communications
Buyer(s) American Cellular corp.
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

Highland Cellular

Beckley, United States
Highland Cellular is a locally-owned and operated wireless provider, offering TDMA and GSM service in southern West Virginia and southwest Virginia.

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Buyer(S) 1

Buyer

American Cellular corp.

Franklin, Tennessee, United States

website


Category Company
Founded 1998
Sector Communications
DESCRIPTION

American Cellular was one of the largest independent rural cellular telephone system operators in the U.S. The Company owned and operated non-wireline FCC-licensed cellular telephone systems primarily in rural areas of the Midwestern and Eastern portions of the U.S. American Cellular was acquired by a joint venture between AT&T and Dobson.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


DEAL STATS #
Overall 28 of 45
Sector (Communications) 17 of 20
Type (Add-on Acquisition) 25 of 36
Country (United States) 26 of 43
Year (2006) 4 of 5
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Jumpstart Automotive Group

San Francisco, California, United States

Jumpstart Automotive Group partners with leading web publishers to create the Internet's largest and highest quality community of car shoppers. Jumpstart's targeted reach and innovative marketing programs help automotive manufacturers and dealers improve their advertising results and help web publishers achieve a maximum return on their audience. Jumpstart counts every automotive manufacturer and more than one thousand automotive dealers as customers. Key partners include NADAguides, Vehix, Consumer Guide Automotive, J.D. Power Autos, Google, Yahoo, and eBay.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-28 Pop Radio

Boston, Massachusetts, United States

Pop Radio LP is an audio advertising provider in the United States and delivers commercial audio messages to shoppers in over 10,000 groceries, drug, convenience, and mass merchandiser stores. POP Radio provides retail specific messaging along with third-party ad sales to a diverse array of leading retailers. Pop Radio is based in Boston, Massachusetts.

Buy -