M&A Deal Summary

Smartaira Acquires Lux Speed

On June 12, 2024, Smartaira acquired communications company Lux Speed

Acquisition Highlights
  • This is Smartaira’s 2nd transaction in the Communications sector.
  • This is Smartaira’s 2nd transaction in the United States.
  • This is Smartaira’s 2nd transaction in Florida.

M&A Deal Summary
Date 2024-06-12
Target Lux Speed
Sector Communications
Buyer(s) Smartaira
Deal Type Add-on Acquisition
Advisor(s) CriticalPoint Partners LLC (Financial)
Massumi + Consoli
Foley Hoag LLP (Legal)

Target

Lux Speed

Fort Lauderdale, Florida, United States
Lux Speed is a multifamily internet service provider that delivers luxury internet services via fiber connections. Lux Speed is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

Smartaira

Gardena, California, United States
Category Company
Founded 1972
Sector Communications
DESCRIPTION

Smartaira is a national, independent internet service provider specializing in smarter internet and entertainment solutions for property owners and managers. The company's bulk and retail broadband solutions focus on maximizing resident satisfaction and increasing property values. Its flagship managed service, Smartaira 360, provides seamless, community-wide internet connectivity with symmetrical, gigabit speeds, enterprise security, and unlimited data. Smartaira was founded in 1972 and is based in Gardena, California.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Direct Plus

Coral Gables, Florida, United States

Direct Plus is an internet service provider (ISP) specializing in smarter internet and entertainment solutions for property owners and managers. Direct Plus was founded in 2005 and is based in Coral Gables, Florida.

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Legal