M&A Deal Summary

Nuvera Acquires Scott-Rice Telephone

On February 23, 2018, Nuvera acquired communications company Scott-Rice Telephone from Allstream for 42M USD

Acquisition Highlights
  • This is Nuvera’s 2nd transaction in the Communications sector.
  • This is Nuvera’s largest (disclosed) transaction.
  • This is Nuvera’s 2nd transaction in the United States.
  • This is Nuvera’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2018-02-23
Target Scott-Rice Telephone
Sector Communications
Buyer(s) Nuvera
Sellers(s) Allstream
Deal Type Divestiture
Deal Value 42M USD

Target

Scott-Rice Telephone

Prior Lake, Minnesota, United States
Scott-Rice Telephone Co. is a provider of phone, video and internet services with over 18,000 connections. Scott-Rice Telephone Co. was established in 1998 and is based in Prior Lake, Minnesota.

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Buyer(S) 1

Buyer

Nuvera

New Ulm, Minnesota, United States

website

Category Company
Founded 1905
Sector Communications
Employees213
Revenue 66M USD (2021)
DESCRIPTION

Nuvera is a telecommunication company provides communication solutions for both home and business. Nuvera was founded in 1905 and is based in New Ulm, Minnesota.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Divestiture) 1 of 1
State (Minnesota) 2 of 2
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-11 Hutchinson Telephone

Hutchinson, Minnesota, United States

Hutchinson Telephone Co. is a provider of telecommunications services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 FiberComm

Sioux City, Iowa, United States

FiberComm utilizes state-of-the-art technology for all of its services. The company's network is based on fiber optics technology in combination with traditional copper facilities and licensed true non-line-of-site wireless broadband. In addition, It is constantly researching emerging technologies such as VoIP (Voice over Internet Protocol), IPTV (Internet Protocol Television), just to name a few, in order to stay on the leading edge of the telecommunications industry. FiberComm was forme din 1997 and is based in Sioux City, Iowa.

Sell -

Seller(S) 1

SELLER

Allstream

Winnipeg, Manitoba, Canada

website

Category Company
Founded 1980
Sector Communications
Employees3,488
Revenue 600M CAD (2014)
DESCRIPTION

Allstream is a provider of IP communications and the only national provider that works exclusively with business customers. Supported by its more than 30,000-kilometre nationwide high-performance fibre-optic network, Allstream’s communications technologies and services include a range of innovative, highly-scalable IP, Cloud and Security solutions that help organizations communicate more efficiently and profitably.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Scott-Rice Telephone

Prior Lake, Minnesota, United States

Scott-Rice Telephone Co. is a provider of phone, video and internet services with over 18,000 connections. Scott-Rice Telephone Co. was established in 1998 and is based in Prior Lake, Minnesota.

Buy -
Mergr

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