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M&A Deal Summary

Seaport Capital Acquires Conversent Communications

On August 13, 2002, private equity firm Seaport Capital acquired communications company Conversent Communications for 9M USD

Acquisition Highlights
  • This is Seaport Capital’s 3rd transaction in the Communications sector.
  • This is Seaport Capital’s 2nd largest (disclosed) transaction.
  • This is Seaport Capital’s 9th transaction in the United States.
  • This is Seaport Capital’s 1st transaction in Massachusetts.
Investment Fate
  • Conversent Communications was sold to a strategic buyer in 2006.

M&A Deal Summary
Date 2002-08-13
Target Conversent Communications
Sector Communications
Buyer(s) Seaport Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 9M USD

Target

Conversent Communications

Marlborough, Massachusetts, United States
Conversent Communications LLC provides voice and date services to small and medium sized businesses located primarily in mid-sized cities from Maine to New Jersey. Conversent was acquired by One Communications.

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Buyer(S) 1

Buyer

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 9 of 38
Sector: Communications M&A 3 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 19
State: Massachusetts M&A 1 of 2
Country: United States M&A 9 of 36
Year: 2002 M&A 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Elias Arts

New York City, New York, United States

Elias Arts is the industry leader in creating and licensing music and sound for traditional marketing communications including television advertising, network identities, and feature film promotions. Elias has also pioneered the concept of utilizing music and sound for corporate clients in order to enhance their brand strategies, retail environments and products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 Southeast Towers

Atlanta, Georgia, United States

Southeast Towers LLC develops, acquires and operates communications towers in Georgia, Florida, North Carolina, South Carolina and Tennessee.

Buy -
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