M&A Deal Summary

Crown Capital Partners Acquires Galaxy Broadband Communications

On September 22, 2020, lender Crown Capital Partners acquired communications company Galaxy Broadband Communications for 8M USD

Acquisition Highlights
  • This is Crown Capital Partners’ 3rd transaction in the Communications sector.
  • This is Crown Capital Partners’ largest (disclosed) transaction.
  • This is Crown Capital Partners’ 39th transaction in Canada.
  • This is Crown Capital Partners’ 15th transaction in Ontario.

M&A Deal Summary
Date 2020-09-22
Target Galaxy Broadband Communications
Sector Communications
Buyer(s) Crown Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 8M USD
Advisor(s) Sapient Capital Partners (Financial)

Target

Galaxy Broadband Communications

Mississauga, Ontario, Canada
website
Galaxy Broadband Communications is a satellite service company that provides telecommunications services to enterprise customers across Canada. Galaxy has provided reliable and innovative communications to enterprises with remote locations where limited or no connectivity exists. The company utilizes a third-party satellite spectrum, combined with its proprietary networks and infrastructure, to deliver remote data communications, VoIP, and internet access to customers across a range of industries, including resource-based projects, government entities, emergency responders, and infrastructure projects. In addition, Galaxy offers a range of value-added services and solutions such as 24/7 managed service of IT networks, including security, monitoring, and reporting, as well as network design and consulting commercial installation and maintenance. Galaxy Broadband Communications was formed in 1992 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Crown Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crown Capital Partners, Inc. is a Canadian investment manager that provides alternative debt financing for private equity backed and non-sponsored middle market transactions. The Firm typically invests $5 to $25 million in the form of subordinated debt and bridge loans to support acquisitions, management buy-outs, growth financings and recapitalizations. Crown Capital Partners was founded in 2000 and is based in Toronto with an additional office in Calgary.

DEAL STATS #
Overall 44 of 44
Sector (Communications) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (Ontario) 15 of 15
Country (Canada) 39 of 39
Year (2020) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-30 CareRx

Toronto, Ontario, Canada

CareRx is a provider of pharmacy and other healthcare services to Canadian seniors. Centric Health is one of Canada’s major and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric Health operates a large national network of pharmacy fulfillment centers that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services, serving more than 31,000 residents in over 460 seniors communities (long-term care, retirement homes, and assisted living facilities) nationally. CareRx was founded in 2001 and is based in Toronto, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 CCI Wireless

Calgary, Alberta, Canada

Corridor Communications, Inc. is an internet service provider specializing mainly in providing fixed-point wireless connections to homes in rural Alberta. Corridor Communications was founded in 20078 and is based in Calgary, Alberta.

Sell -
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