Segra - M&A Summary, Ownership, and Business Overview

CommunicationsCompany

Segra M&A Summary

Segra has acquired 4 companies of its own, including 1 in the last 5 years. It has also divested 1 asset.

Segra’s largest acquisition to date was in 2019, when it acquired North State Telecommunications for $240M. Segra has acquired in 2 different US states. The Company’s most targeted sectors include communications (75%) and information technology (25%).

Segra Ownership

Who owns Segra?

Segra is owned by EQT. It was acquired on February 20, 2017.

Is Segra PE-backed?

Yes. Segra is owned by private equity investor EQT.

Segra Business Overview

Where is Segra headquartered?

Segra is headquartered in Charlotte, North Carolina.

What is Segra’s revenue?

Segra disclosed revenue of 204M USD for 2015 and 201M USD for 2014.

What sector is Segra in?

Segra is a communications company.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 6

Segra

Segra

11215 N Community House Rd,
Charlotte, North Carolina 28277
United States,
(833) 467-3472
www.segra.com

Segra is a provider of mission-critical connectivity solutions over a fiber-based network. Representing a successful combination of Lumos Networks and Spirit Communications. Segra provides Ethernet, MPLS, dark fiber, advanced data center services, IP and managed services, voice and cloud solutions, all backed by its industry-leading service and reliability. Segra is headquartered in Charlotte, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $240M $240M
Sell (0.2/yr) # - - 1 - - - 1
  5

Most Recent M&A

Company Date Value Type
Segra - Commercial Enterprise & Carrier Business 2021-04-27 - Divestiture
Waynesboro, Virginia
North State Telecommunications Corp. 2019-12-09 240M USD Add-on Acquisition
High Point, North Carolina · www.northstate.net
Spirit Communications, Inc. 2017-08-09 - Merger
Columbia, South Carolina · www.spiritcom.com
DC74 LLC 2017-02-01 - Add-on Acquisition
Charlotte, North Carolina · www.dc74.com
Clarity Communications Group, Inc. 2016-11-09 - Add-on Acquisition
Raleigh, North Carolina · www.networkclarity.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 3 (75%) 240M (100%) 1 (100%) -
Information Technology 1 (25%) - - -
Total 4 $240M 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 240M 1 -
  North Carolina 3 240M - -
  South Carolina 1 - - -
  Virginia - - 1 -
Total 4 $240M 1 -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
The Bank Street Group LLC
 1
TD Securities
 1
Legal Deals
Simpson Thacher & Bartlett
 2
Morgan Lewis
 1
Womble Bond Dickinson LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $240M
TOTAL $240M
Largest North State Telecommunications Corp.
$240M (2019-12-09)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Communications

Revenue

204   2% 2015
201   3% 2014
207   1% 2013
206   2012
(millions of USD) Show More Show Less

Former Name

Lumos Networks Corp.

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North Carolina Companies , Communications Companies , United States Companies , North Carolina Communications Companies , North Carolina Communications with Acquisitions

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