GTT - M&A Summary and Business Overview

CommunicationsCompany

GTT M&A Summary

GTT has acquired 15 companies, including 1 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 1 asset.

GTT’s largest acquisition to date was in 2018, when it acquired Interoute Communications for $2.1B. It’s largest disclosed sale occurred in 2020, when it sold GTT Communications - Infrastructure Division to I Squared Capital for $2.2B. GTT has acquired in 7 different US states, and 4 countries. The Company’s most targeted sectors include communications (86%) and information technology (15%).

GTT Business Overview

Where is GTT headquartered?

GTT is headquartered in McLean, Virginia.

What is GTT’s revenue?

GTT disclosed revenue of 1,728M USD for 2019 and 1,491M USD for 2018.

How many employees does GTT have?

GTT has 3,100 employees.

What sector is GTT in?

GTT is a communications company.

When was GTT founded?

GTT was founded in 2005.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 10
  • M&A Advisors 6

GTT

GTT Communications, Inc.

7900 Tysons One Place Suite 1450,
McLean, Virginia 22102
United States,
(703) 442-5500
www.gtt.net

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 14 - - - - - 14
vol $3.4B $3.4B
Sell (0.2/yr) # - 1 - - - - 1
vol $2.2B $2.2B
  15

Most Recent M&A

Company Date Value Type
GTT Communications, Inc. - Infrastructure Division 2020-10-16 2.2B USD Divestiture
McLean, Virginia
KPN International 2019-07-08 56M EUR Divestiture
The Hague, Netherlands · www.kpn-international.com
Access Point, Inc. 2018-10-01 40M USD Add-on Acquisition
Cary, North Carolina · www.accesspointinc.com
Accelerated Connections, Inc. 2018-03-12 - Add-on Acquisition
Toronto, Ontario · www.connections.ca
Interoute Communications Ltd. 2018-02-26 2.1B EUR Add-on Acquisition
London, United Kingdom · www.interoute.com
Custom Connect 2018-01-08 - Add-on Acquisition
Amsterdam, Netherlands · www.custom-connect.com
Transbeam, Inc. 2017-10-03 28M USD Add-on Acquisition
New York, New York · www.transbeam.com
Global Capacity 2017-06-26 100M USD Add-on Acquisition
Chicago, Illinois · www.globalcapacity.com
Perseus 2017-06-20 38M USD Add-on Acquisition
New York, New York · www.perseus.co
Hibernia Networks LLC 2016-11-09 590M USD Add-on Acquisition
Summit, New Jersey · www.hibernianetworks.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 12 (86%) 3.2B (94%) - -
Information Technology 2 (14%) 190M (6%) - -
Infrastructure - - 1 (100%) 2.2B (100%)
Total 14 $3.4B 1 $2.2B

By Geo

State/Country Buy Value Sell Value
United States 10 1.2B 1 2.2B
  Texas 2 215M - -
  New York 2 66M - -
  Illinois 2 154M - -
  Washington 1 18M - -
  North Carolina 1 40M - -
  New Jersey 1 590M - -
  California 1 152M - -
  Virginia - - 1 2.2B
Netherlands 2 56M - -
Canada 1 - - -
  Ontario 1 - - -
United Kingdom 1 2.1B - -
Domestic 10 (71%) 1.2B (36%) 1 (100%) 2.2B (100%)
Cross-border 4 (29%) 2.2B (64%) - -
Total 14 $3.4B 1 $2.2B

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
SunTrust Robinson Humphrey, Inc.
1
Goldman Sachs
1
Legal Deals
Kelley Drye
1
Goodwin Procter
1

Deal Values

buy # Total
> $1B 1 $2.1B
$100M to $1B 3 $917M
< $100M 8 $374M
TOTAL $3.4B
Largest Interoute Communications Ltd.
$2.1B (2018-02-26)
sell # Total
> $1B 1 $2.2B
TOTAL $2.2B
Largest GTT Communications, Inc. - Infrastructure Division
$2.2B (2020-10-16)

M&A Connections

Deals
Acquired from
Investor(s)
36%
5 (36%)
Strategic(s)
21%
3 (21%)
Divested to
Investor(s)
100%
1 (100%)

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