GTT Mergers and Acquisitions Summary

CommunicationsCompany

GTT has acquired 15 companies, including 9 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%).

Join Mergr and gain access to GTT’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the communications sector.

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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 9 4 1 - - - 14
vol $1.2B $2.2B $56M $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
Goldman Sachs Investment Banking Division
1
The Bank Street Group LLC
1
Credit Suisse Investment Banking
1
Legal Deals
Goodwin Procter LLP
1
Kelley Drye & Warren LLP
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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