Cincinnati Bell Mergers and Acquisitions Summary

Communications Company

Cincinnati Bell has acquired 5 companies of its own, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 3 assets.

Cincinnati Bell’s largest acquisition to date was in 2018, when it acquired Hawaiian Telcom Holdco for $650M. It’s largest disclosed sale occurred in 2014, when it sold Cincinnati Bell - Wireless Spectrum Licenses to Verizon Communications for $210M. Cincinnati Bell has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include communications (50%) and information technology (25%).

Join Mergr and gain access to Cincinnati Bell’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the communications sector.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity4
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 8

Cincinnati Bell, Inc.

221 East Fourth Street,
Cincinnati, Ohio 45202
United States,
(513) 397-9900
www.cincinnatibell.com

Cincinnati Bell, Inc. is a provider of integrated communications solutions, including local and long-distance voice, data, high-speed Internet and entertainment services. Cincinnati Bell serves customers in Greater Cincinnati and Dayton. Cincinnati Bell was founded in 1873 and is based in Cincinnati, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 2 1 1 - - - 4
vol $543M $201M $650M $1.4B
Sell (0.0/yr) # 3 - - - - - 3
vol $210M $210M
  7

Most Recent M&A

Company Date Value Type
Hawaiian Telcom Holdco, Inc. 2018-07-02 650M USD Add-on Acquisition
Honolulu, Hawaii · www.hawaiiantel.com
OnX Enterprise Solutions Ltd. 2017-10-02 201M USD Add-on Acquisition
Thornhill, Ontario · www.onx.com
Cincinnati Bell, Inc. - Wireless Spectrum Licenses 2014-04-07 210M USD Divestiture
Cincinnati, Ohio
CyrusOne, Inc. 2013-01-18 - IPO
Dallas, Texas · www.cyrusone.com
Cincinnati Bell, Inc. - Protection(TM) Security Monitoring Business 2011-07-13 - Divestiture
Cincinnati, Ohio
CyrusOne, Inc. 2010-05-12 525M USD Add-on Acquisition
Dallas, Texas · www.cyrusone.com
eGIX, Inc. 2007-12-06 18M USD Add-on Acquisition
Carmel, Indiana · www.egix.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Cincinnati Bell Technology Solutions Inc.    - SunTel Services LLC 2017-02-20 3
Cincinnati, Ohio · www.cbts.cincinnatibell.com Troy, Michigan · www.suntel.com
Cincinnati Bell Technology Solutions Inc.    - cNotify 2015-03-18 1
Cincinnati, Ohio · www.cbts.cincinnatibell.com , United States
Cincinnati Bell Technology Solutions Inc.    - Cintech LLC 2009-05-14 2
Cincinnati, Ohio · www.cbts.cincinnatibell.com Mason, Ohio · www.cintechllc.com
Cincinnati Bell Technology Solutions Inc.    - Virtual Blocks, Inc. 2009-02-02 1
Cincinnati, Ohio · www.cbts.cincinnatibell.com Mississauga, Ontario · www.virtualblocks.com

M&A by Sector

Sector Buy # Value Sell # Value
Communications 2 (50%) 668M (48%) 1 (33%) 210M (100%)
Information Technology 1 (25%) 525M (38%) 1 (33%) -
Internet Software and Services 1 (25%) 201M (14%) - -
Safety/Security - - 1 (33%) -
Total 4 $1.4B 3 $210M

By Geo

State/Country Buy Value Sell Value
United States 3 1.2B 3 210M
  Texas 1 525M 1 -
  Ohio - - 2 210M
  Indiana 1 18M - -
  Hawaii 1 650M - -
Canada 1 201M - -
  Ontario 1 201M - -
Domestic 3 (75%) 1.2B (86%) 3 (100%) 210M (100%)
Cross-border 1 (25%) 201M (14%) - -
Total 4 $1.4B 3 $210M

Top M&A Advisors

Financial Deals
Moelis & Co.
1
Morgan Stanley
1
Signal Hill Capital Group LLC
1
Legal Deals
Cravath, Swaine & Moore LLP
3
Morgan, Lewis & Bockius LLP
1
Bingham McCutchen LLP
1

Deal Values

buy # Total
$100M to $1B 3 $1.4B
< $100M 1 $18M
TOTAL $1.4B
Largest Hawaiian Telcom Holdco, Inc.
$650M (2018-07-02)
sell # Total
$100M to $1B 1 $210M
TOTAL $210M
Largest Cincinnati Bell, Inc. - Wireless Spectrum Licenses
$210M (2014-04-07)

M&A Connections

Deals
Acquired from
Investor(s)
100%
4 (100%)
Divested to
Strategic(s)
100%
2 (100%)

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