Altafiber - M&A Summary, Ownership, and Business Overview

CommunicationsCompany

Altafiber M&A Summary

Altafiber has acquired 7 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 4 assets.

Altafiber’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. Altafiber has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include communications (67%) and internet software and services (17%).

Altafiber Ownership

Who owns Altafiber?

Altafiber is owned by Ares Private Equity Group and Macquarie Infrastructure and Real Assets. It was acquired on March 13, 2020.

Is Altafiber PE-backed?

Yes. Altafiber is owned by private equity investors Ares Private Equity Group and Macquarie Infrastructure and Real Assets.

Was Altafiber formerly PE-backed?

Yes. Altafiber was formerly owned by 2 private investors.

Altafiber Business Overview

Where is Altafiber headquartered?

Altafiber is headquartered in Cincinnati, Ohio.

What is Altafiber’s revenue?

Altafiber disclosed revenue of 1,537M USD for 2019 and 1,378M USD for 2018.

How many employees does Altafiber have?

Altafiber has 4,300 employees.

What sector is Altafiber in?

Altafiber is a communications company.

When was Altafiber founded?

Altafiber was founded in 1873.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity6
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 8

Altafiber

Cincinnati Bell, Inc.

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

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


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 4 - 1 1 - - 6
vol $1.4B $1.4B
Sell (0.2/yr) # 3 - - - 1 - 4
vol $210M $210M
  10
+206789105110

Most Recent M&A

Company Date Value Type
CBTS 2024-02-06 - Divestiture
Cincinnati, Ohio · www.cbts.com
Bridgewired - Broadband Infrastructure Assets 2023-06-09 - Divestiture
Waynesville, Ohio · www.altafiber.com
Agile Network Builders LLC 2022-05-02 - Divestiture
Canton, Ohio · www.agilenetworks.com
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.    - cNotify 2015-03-18 1
Cincinnati, Ohio · www.cbts.cincinnatibell.com , United States
Cincinnati Bell Technology Solutions Inc.    - Virtual Blocks, Inc. 2009-02-02 3
Cincinnati, Ohio · www.cbts.cincinnatibell.com Mississauga, Ontario · www.virtualblocks.com

M&A by Sector

Sector Buy # Value Sell # Value
Communications 4 (67%) 668M (48%) 1 (25%) 210M (100%)
Information Technology 1 (17%) 525M (38%) 2 (50%) -
Internet Software and Services 1 (17%) 201M (14%) - -
Safety/Security - - 1 (25%) -
Total 6 $1.4B 4 $210M

By Geo

State/Country Buy Value Sell Value
United States 5 1.2B 4 210M
  Ohio 2 - 3 210M
  Texas 1 525M 1 -
  Indiana 1 18M - -
  Hawaii 1 650M - -
Canada 1 201M - -
  Ontario 1 201M - -
Domestic 5 (83%) 1.2B (86%) 4 (100%) 210M (100%)
Cross-border 1 (17%) 201M (14%) - -
Total 6 $1.4B 4 $210M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Signal Hill Capital
1
Waller Capital Partners
1
Legal Deals
Cravath, Swaine & Moore
4
Morgan Lewis
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)
50%
3 (50%)
Strategic(s)
33%
2 (33%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

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