Consolidated Communications Mergers and Acquisitions Summary

Communications Company

Consolidated Communications has acquired 6 companies, including 3 in the last 5 years. It has also divested 1 asset.

Consolidated Communications’ largest acquisition to date was in 2016, when it acquired Fairpoint Communications for $1.5B. Consolidated Communications has acquired in 5 different US states. The Company’s most targeted sectors include communications (100%).

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M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Consolidated Communications, Inc.

121 South 17th Street,
Mattoon, Illinois 61938
United States,
(217) 235-3311
www.consolidated.com

Consolidated Communications, Inc. is an integrated communications services company that operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier dependent upon the territory served. Consolidated provides an array of services in consumer, commercial and carrier channels in 11 states, including local and long-distance service, high-speed broadband Internet access, video services, VoIP, custom calling features, private line services, carrier grade access services, network capacity services over our regional fiber optic networks, data center and managed services, directory publishing, equipment sales and cloud data services. The geographic areas the Company serves are characterized by a balanced mix of growing suburban areas and stable, rural territories. Consolidated Communications Holdings was founded in 1894 and is based in Mattoon, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 6 - - - - - 6
vol $2.7B $2.7B
Sell (0.0/yr) # 1 - - - - - 1
  7

Most Recent M&A

Company Date Value Type
Consolidated Communications, Inc. - IT Services Equipment and Integration Business 2016-12-06 - Divestiture
Mattoon, Illinois
Fairpoint Communications, Inc. 2016-12-05 1.5B USD Add-on Acquisition
Charlotte, North Carolina · www.fairpoint.com
Champaign Telephone Co. 2016-04-18 - Add-on Acquisition
Champaign, Illinois · www.ctc.biz
Big Broadband Services 2016-04-18 - Add-on Acquisition
Urbana, Illinois
Enventis Corp. 2014-10-16 350M USD Add-on Acquisition
Mankato, Minnesota · www.enventis.com
SureWest Communications 2012-02-06 535M USD Add-on Acquisition
Roseville, California · www.surw.com
North Pittsburgh Systems, Inc. 2007-12-31 363M USD Add-on Acquisition
Gibsonia, Pennsylvania · www.northpittsburgh.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 6 (100%) 2.7B (100%) - -
Information Technology - - 1 (100%) -
Total 6 $2.7B 1 -

By Geo

State/Country Buy Value Sell Value
United States 6 2.7B 1 -
  Illinois 2 - 1 -
  Pennsylvania 1 363M - -
  North Carolina 1 1.5B - -
  Minnesota 1 350M - -
  California 1 535M - -
Total 6 $2.7B 1 -

Top M&A Advisors

Financial Deals
Morgan Stanley
 2
Legal Deals
Schiff Hardin LLP
 3

Deal Values

buy # Total
> $1B 1 $1.5B
$100M to $1B 3 $1.2B
TOTAL $2.7B
Largest Fairpoint Communications, Inc.
$1.5B (2016-12-05)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Communications

Revenue

1,337   5% 2019
1,399   32% 2018
1,060   43% 2017
743   5% 2016
776   23% 2015
636   6% 2014
601   26% 2013
477   2012
(millions of USD) Show More Show Less

Employees

3,400

Established

1894

Public

NASDAQ: CNSL

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