Spirit Communications - M&A Summary and Business Overview

CommunicationsCompany

Spirit Communications M&A Summary

Spirit Communications has acquired 3 companies.

Spirit Communications’ largest acquisition to date was in 2015, when it acquired SCANA Communications for $150M. Spirit Communications has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include technology hardware (34%) and communications (34%).

Spirit Communications Business Overview

Where is Spirit Communications headquartered?

Spirit Communications is headquartered in Columbia, South Carolina.

What sector is Spirit Communications in?

Spirit Communications is a communications company.

When was Spirit Communications founded?

Spirit Communications was founded in 1985.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

Spirit Communications, Inc.

1500 Hampton Street,
Columbia, South Carolina 29201
United States,
(800) 411-8157
www.spiritcom.com

Spirit Communications, Inc. is a pure-play provider of fiber based data and broadband services to enterprises, governments, and wireless carriers in the Carolinas and Georgia. The company’s network is comprised of over 9,000 miles of fiber and serves thousands of customers across 17 metro markets. Spirit’s fiber is directly connected to over 2,400 buildings as well as over 2,500 cell sites.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $153M $153M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Phone Name Marketing Australia Pty. Ltd. 2016-12-08 3M AUD Add-on Acquisition
St Leonards, Australia · www.phonenames.com.au
SCANA Communications, Inc. 2015-02-23 150M USD Divestiture
Columbia,, South Carolina · www.scanacommunications.com
PalmettoNet, Inc. 2011-08-02 - Add-on Acquisition
Columbia, South Carolina · www.palmettonet.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 1 (33%) 150M (98%) - -
Marketing 1 (33%) 3M (2%) - -
Technology Hardware 1 (33%) - - -
Total 3 $153M - -

By Geo

State/Country Buy Value Sell Value
United States 2 150M - -
  South Carolina 2 150M - -
Australia 1 3M - -
Domestic 2 (67%) 150M (98%) - -
Cross-border 1 (33%) 3M (2%) - -
Total 3 $153M - -

Deal Values

buy # Total
$100M to $1B 1 $150M
< $100M 1 $3M
TOTAL $153M
Largest SCANA Communications, Inc.
$150M (2015-02-23)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Communications

Established

1985

Former Name

Spirit Telecom, LLC

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