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

CommunicationsCompany

Astound M&A Summary

Astound has acquired 7 companies of its own, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms.

Astound’s largest acquisition to date was in 2017, when it acquired Wave Broadband for $2.4B. Astound has acquired in 5 different US states. The Company’s most targeted sectors include communications (100%).

Astound Ownership

Who owns Astound?

Astound is owned by Stonepeak. It was acquired on November 1, 2020.

Is Astound PE-backed?

Yes. Astound is owned by private equity investor Stonepeak.

Was Astound formerly PE-backed?

Yes. Astound was formerly owned by 6 private investors.

Astound Business Overview

Where is Astound headquartered?

Astound is headquartered in Princeton, New Jersey.

What sector is Astound in?

Astound is a communications company.

When was Astound founded?

Astound was founded in 1993.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Astound

Astound Broadband

650 College Rd E Suite 3100,
Princeton, New Jersey 08540
United States,
(800) 746-4726
www.astound.com

Astound is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound was founded in 1993 and is based in Princeton, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 3 1 1 1 - - 6
vol $2.4B $661M $3.0B
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
FastMesh LLC 2022-03-16 - Add-on Acquisition
Seattle, Washington · www.fastmesh.com
WideOpenWest, Inc. - Chicago, Evansville & Anne Arundel Service Areas 2021-06-30 661M USD Divestiture
Englewood, Colorado
Grande Communications Networks LLC 2020-11-01 - Secondary Buyout
San Marcos, Texas · www.mygrande.com
Wave Broadband LLC 2017-05-22 2.4B USD Add-on Acquisition
Kirkland, Washington · www.wavebroadband.com
NEON Communications Group, Inc. 2007-11-13 - Add-on Acquisition
Westborough, Massachusetts
Brainstorm Networks, Inc. 1999-07-28 - Add-on Acquisition
Mountain View, California · www.brainstorm.net
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Wave Broadband LLC 2017-05-22 Digital West, Inc. 2021-01-26 1
Kirkland, Washington · www.wavebroadband.com San Luis Obispo, California · www.digitalwest.com

M&A by Sector

Sector Buy # Value Sell # Value
Communications 6 (100%) 3.0B (100%) - -
Total 6 $3.0B - -

By Geo

State/Country Buy Value Sell Value
United States 6 3.0B - -
  Washington 2 2.4B - -
  Texas 1 - - -
  Massachusetts 1 - - -
  Colorado 1 661M - -
  California 1 - - -
Total 6 $3.0B - -

Top M&A Advisors

Financial Deals
PJT Partners
1
Credit Suisse Investment Banking
1
Deloitte
1
Legal Deals
Cleary Gottlieb Steen & Hamilton
1

Deal Values

buy # Total
> $1B 1 $2.4B
$100M to $1B 1 $661M
TOTAL $3.0B
Largest Wave Broadband LLC
$2.4B (2017-05-22)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Strategic(s)
17%
1 (17%)

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