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

CommunicationsCompany

Zayo M&A Summary

Zayo has acquired 37 companies of its own, including 3 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 3 assets.

Zayo’s largest acquisition to date was in 2012, when it acquired AboveNet for $2.2B. Zayo has acquired in 17 different US states, and 5 countries. The Company’s most targeted sectors include communications (72%) and information technology (12%).

Zayo Ownership

Who owns Zayo?

Zayo is owned by Ardian, DigitalBridge Group and EQT. It was acquired on May 8, 2019.

Is Zayo PE-backed?

Yes. Zayo is owned by private equity investors Ardian, DigitalBridge Group and EQT.

Was Zayo formerly PE-backed?

Yes. Zayo was formerly owned by 5 private investors.

Zayo Business Overview

Where is Zayo headquartered?

Zayo is headquartered in Boulder, Colorado.

What is Zayo’s revenue?

Zayo disclosed revenue of 2,604M USD for 2018 and 2,200M USD for 2017.

How many employees does Zayo have?

Zayo has 3,700 employees.

What sector is Zayo in?

Zayo is a communications company.

When was Zayo founded?

Zayo was founded in 2007.

M&A Summary

  • M&A Total Activity38
    • M&A Buy Activity35
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 12
  • M&A Advisors 7

Zayo

Zayo Group LLC

1805 29th Street, Suite 2050,
Boulder, Colorado 80301
United States,
(303) 381-4683
www.zayo.com

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 32 - 1 2 - - 35
vol $5.5B $5.5B
Sell (0.4/yr) # 1 2 - - - - 3
  38

Most Recent M&A

Company Date Value Type
Education Networks of America, Inc. 2022-03-03 - Add-on Acquisition
Nashville, Tennessee · www.ena.com
QOS Networks 2022-01-12 - Add-on Acquisition
Irvine, California · www.qosnet.com
Intelligent Fiber Network LLC 2021-03-09 - Add-on Acquisition
Indianapolis, Indiana · www.intelligentfiber.com
zColo Data Centers 2020-12-17 - Divestiture
Boulder, Colorado
Zayo Group Holdings, Inc. - zColo Data Center Assets 2020-09-29 - Divestiture
Boulder, Colorado
Neutral Path Communications LLC 2018-01-29 32M USD Add-on Acquisition
Mankato, Minnesota · www.neutralpath.net
Optic Zoo Networks Ltd. 2018-01-19 24M CAD Add-on Acquisition
Vancouver, British Columbia · www.opticzoo.com
Spread Networks LLC 2017-11-27 127M USD Add-on Acquisition
Ridgeland, Mississippi · www.spreadnetworks.com
Electric Lightwave, Inc. 2016-11-30 1.4B USD Add-on Acquisition
Vancouver, Washington · www.integratelecom.com
Clearview International LLC 2016-04-01 19M USD Add-on Acquisition
Dallas, Texas · www.clearviewfocus.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Allstream, Inc. 2015-11-23 Scott-Rice Telephone Co. 2018-02-23 1
Winnipeg, Manitoba · www.allstream.com Prior Lake, Minnesota

M&A by Sector

Sector Buy # Value Sell # Value
Communications 25 (71%) 4.8B (87%) 1 (33%) -
Information Technology 4 (11%) 694M (13%) 2 (67%) -
Internet Software and Services 4 (11%) - - -
Diversified 1 (3%) - - -
Technology Hardware 1 (3%) - - -
Total 35 $5.5B 3 -

By Geo

State/Country Buy Value Sell Value
United States 28 5.0B 3 -
  Colorado 3 675M 2 -
  New York 3 2.3B - -
  Washington 3 1.7B - -
  Minnesota 2 32M 1 -
  Tennessee 2 - - -
  Indiana 2 - - -
  Illinois 2 - - -
  Texas 2 19M - -
  Oklahoma 1 - - -
  Nevada 1 - - -
  Mississippi 1 127M - -
  Michigan 1 18M - -
  Maryland 1 - - -
  Kansas 1 - - -
  Georgia 1 - - -
  California 1 - - -
  Virginia 1 117M - -
Canada 3 418M - -
  Saskatchewan 1 41M - -
  Manitoba 1 353M - -
  British Columbia 1 24M - -
United Kingdom 2 107M - -
France 1 - - -
Germany 1 - - -
Domestic 28 (80%) 5.0B (91%) 3 (100%) -
Cross-border 7 (20%) 525M (9%) - -
Total 35 $5.5B 3 -

Top M&A Advisors

Financial Deals
RBC Capital Markets
1
Waller Capital Partners LLC
1
Legal Deals
Gibson, Dunn & Crutcher
3
Morgan Lewis
1
Latham & Watkins
1

Deal Values

buy # Total
> $1B 2 $3.6B
$100M to $1B 6 $1.7B
< $100M 6 $224M
TOTAL $5.5B
Largest AboveNet, Inc.
$2.2B (2012-07-02)

M&A Connections

Deals
Acquired from
Investor(s)
23%
8 (23%)
Strategic(s)
6%
2 (6%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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