Cogeco Communications - M&A Summary and Business Overview

CommunicationsCompany

Cogeco Communications M&A Summary

Cogeco Communications has acquired 8 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

Cogeco Communications’ largest acquisition to date was in 2012, when it acquired Atlantic Broadband Group for $1.4B. It’s largest disclosed sale occurred in 2019, when it sold Cogeco Peer 1 to DigitalBridge Group for $547M. Cogeco Communications has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include communications (58%) and information technology (29%).

Cogeco Communications Business Overview

Where is Cogeco Communications headquartered?

Cogeco Communications is headquartered in Montreal, Quebec.

What is Cogeco Communications’ revenue?

Cogeco Communications disclosed revenue of 2,901M CAD for 2022 and 2,510M CAD for 2021.

How many employees does Cogeco Communications have?

Cogeco Communications has 3,740 employees.

What sector is Cogeco Communications in?

Cogeco Communications is a communications company.

When was Cogeco Communications founded?

Cogeco Communications was founded in 1972.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 5

Cogeco Communications

Cogeco Communications Inc.

1, Place Ville-Marie Office 3301,
Montreal, Quebec H3B 3N2
Canada,
(514) 764-4600
www.corpo.cogeco.com/cca/en/

Cogeco Communications is a telecommunications corporation and is the second largest hybrid fibre coaxial cable system operator in Ontario and Québec. Cogeco Communications was incorporated in 1972 and is based in Montreal, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 1 - - - - 7
vol $2.6B $405M $3.0B
Sell (0.0/yr) # 3 - - - - - 3
vol $600M $600M
  10

Most Recent M&A

Company Date Value Type
DERYtelecom 2020-10-21 405M USD Add-on Acquisition
Saguenay, Quebec · www.derytele.com
Cogeco Peer 1, Inc. 2019-02-27 547M CAD Divestiture
Toronto, Ontario · www.cogecopeer1.com
Nümedia 2016-02-24 2M USD Divestiture
Montréal, Quebec · www.numediacanada.com
Cogeco Peer 1, Inc. 2012-12-21 483M CAD Add-on Acquisition
Toronto, Ontario · www.cogecopeer1.com
Atlantic Broadband Group LLC 2012-07-18 1.4B USD Add-on Acquisition
Quincy, Massachusetts · www.atlanticbb.com
Novo 2012-03-01 51M EUR Divestiture
Lisboa, Portugal · www.nowo.pt
Métromédia CMR Plus Inc. 2011-12-06 - Add-on Acquisition
Montreal, Quebec
Quiettouch, Inc. 2011-08-02 - Add-on Acquisition
Toronto, Ontario · www.quiettouch.com
Toronto Hydro Telecom Inc. 2008-06-13 152M CAD Add-on Acquisition
Toronto, Ontario
Novo 2006-01-01 559M EUR Add-on Acquisition
Lisboa, Portugal · www.nowo.pt
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Atlantic Broadband Group LLC 2012-07-18 WideOpenWest, Inc. - Cleveland & Columbus Service Areas 2021-06-30 5
Quincy, Massachusetts · www.atlanticbb.com Englewood, Colorado
Atlantic Broadband Group LLC 2012-07-18 FiberLight LLC - Fiber Network 2018-01-25 4
Quincy, Massachusetts · www.atlanticbb.com , Florida
Atlantic Broadband Group LLC 2012-07-18 MetroCast 2018-01-04 3
Quincy, Massachusetts · www.atlanticbb.com Frazer, Pennsylvania · www.metrocast.com
Atlantic Broadband Group LLC 2012-07-18 MetroCast Communications of Connecticut, LLC 2015-06-08 2
Quincy, Massachusetts · www.atlanticbb.com , Connecticut

M&A by Sector

Sector Buy # Value Sell # Value
Communications 4 (57%) 2.5B (84%) 1 (33%) 51M (8%)
Information Technology 2 (29%) 483M (16%) 2 (67%) 549M (92%)
Marketing 1 (14%) - - -
Total 7 $3.0B 3 $600M

By Geo

State/Country Buy Value Sell Value
Canada 5 1.0B 2 549M
  Ontario 3 635M 1 547M
  Quebec 2 405M 1 2M
Portugal 1 559M 1 51M
United States 1 1.4B - -
  Massachusetts 1 1.4B - -
Domestic 5 (71%) 1.0B (35%) 2 (67%) 549M (92%)
Cross-border 2 (29%) 1.9B (65%) 1 (33%) 51M (8%)
Total 7 $3.0B 3 $600M

Top M&A Advisors

Financial Deals
BMO Capital Markets
 1
Gleacher & Company Securities, Inc.
 1
Legal Deals
Stikeman Elliott LLP
 2
Simpson Thacher & Bartlett
 1
Wiley Rein LLP
 1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 4 $1.6B
TOTAL $3.0B
Largest Atlantic Broadband Group LLC
$1.4B (2012-07-18)
sell # Total
$100M to $1B 1 $547M
< $100M 2 $53M
TOTAL $600M
Largest Cogeco Peer 1, Inc.
$547M (2019-02-27)

M&A Connections

Deals
Acquired from
Investor(s)
29%
2 (29%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Communications

Revenue

2,901   16% 2022
2,510   6% 2021
2,384   3% 2020
2,332   4% 2019
2,424   9% 2018
2,227   3% 2017
2,176   7% 2016
2,043   5% 2015
1,948   16% 2014
1,692   33% 2013
1,278   2012
(millions of CAD) Show More Show Less

Employees

3,740

Established

1972

Public

Toronto (TSX): CCA

Former Name

Cogeco Cable, Inc.

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