Investment Summary

Exits Teletouch Communications

On May 3, 2002, invested in communications company Teletouch Communications from CIVC Partners

Investment Highlights
  • This is transaction in the Communications sector.
  • This is transaction in the United States.
  • This is transaction in Texas.

Investment Summary
Date 2002-05-03
Target Teletouch Communications
Sector Communications
Sellers(s) CIVC Partners
Deal Type Trade Sale

Target

Teletouch Communications

Fort Worth, Texas, United States
website
Teletouch Communications provides wireless messaging, cellular and two-way radio communications services in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Oklahoma, Texas and Tennessee. The Company focuses on smaller metropolitan markets where it believes there is less competition and more opportunity for internal growth than in larger metropolitan areas. Teletouch's common stock is traded on the American Stock Exchange under the stock symbol TLL.

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Seller(S) 1

SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1970
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 47
Sector (Communications) 1 of 2
Type (Trade Sale) 8 of 10
State (Texas) 3 of 6
Country (United States) 16 of 46
Year (2002) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-08 Precision Tube Technology

Houston, Texas, United States

Precision Tube Technology, Inc. was the leading manufacturer of steel coiled tubing supplying the worldwide oil and gas well service, recompletion, and sub-sea flowline markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-10 PrimeCo Personal Communications

Itasca, Illinois, United States

PrimeCo Personal Communications LLC is a wireless telecommunication services provider.

Sell $610M
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