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M&A Deal Summary

GTT Acquires Megapath Networks - Managed Service Business

On February 19, 2015, GTT acquired information technology company Megapath Networks - Managed Service Business from MegaPath for 152M USD

Acquisition Highlights
  • This is GTT’s 1st transaction in the Information Technology sector.
  • This is GTT’s 4th largest (disclosed) transaction.
  • This is GTT’s 3rd transaction in the United States.
  • This is GTT’s 1st transaction in California.

M&A Deal Summary
Date 2015-02-19
Target Megapath Networks - Managed Service Business
Sector Information Technology
Buyer(s) GTT
Sellers(s) MegaPath
Deal Type Divestiture
Deal Value 152M USD

Target

Megapath Networks - Managed Service Business

Costa Mesa, California, United States
MegaPath's managed services division provides private networking, access services and managed security services to more than 500 large enterprise clients.

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Buyer(S) 1

Buyer

GTT

McLean, Virginia, United States
Category Company
Founded 2005
Sector Communications
Employees3,100
Revenue 1.7B USD (2019)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 14
Sector: Information Technology M&A 1 of 2
Type: Divestiture M&A Deals 2 of 3
State: California M&A 1 of 1
Country: United States M&A 3 of 10
Year: 2015 M&A 1 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 UNSi

Carrollton, Texas, United States

United Networks Services, Inc. is a fixed wireless provider serving businesses. UNSi is based in Carrollton, Texas.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 One Source Networks

San Antonio, Texas, United States

One Source Networks, Inc. is a provider of global data, Internet, Session Initiation Protocol (SIP) trunking and managed communication services to Fortune 1000 companies.

Buy $175M

Seller(S) 1

SELLER

MegaPath

Costa Mesa, California, United States
Category Company
Founded 1996
Sector Information Technology
DESCRIPTION
MegaPath office in Herndon, Virginia.
MegaPath office in Herndon, Virginia.

MegaPath provides fully managed IP-based Virtual Private Network connectivity solutions over both the public Internet and its private network. MegaPath was formed in 1996 and is based in Costa Mesa, California.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 MegaPath Networks - Network Services Business

Costa Mesa, California, United States

MegaPath Networks' Network Services Business consists of network infrastructure and intelligent delivery systems.

Sell -
Mergr

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