M&A Deal Summary

ThePlanet.com Internet Services Acquires Everyones Internet

On May 6, 2006, ThePlanet.com Internet Services acquired business services company Everyones Internet from Main Street Capital

Acquisition Highlights
  • This is ThePlanet.com Internet Services’ 1st transaction in the Business Services sector.
  • This is ThePlanet.com Internet Services’ 1st transaction in the United States.
  • This is ThePlanet.com Internet Services’ 1st transaction in Texas.

M&A Deal Summary
Date 2006-05-06
Target Everyones Internet
Sector Business Services
Buyer(s) ThePlanet.com Internet Services
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition

Target

Everyones Internet

Houston, Texas, United States
website
Everyones Internet, Ltd. (“EV1”) is a Houston, Texas based company that began its operations in 1998 as an internet service provider (“ISP”) in the Houston market. EV1 subsequently expanded its ISP operations into various markets across the U.S. and started providing dedicated web hosting services to domestic and international customers. Today, EV1 operates one of the largest independent ISP’s and web hosting services companies in the country. EV1 maintains a well known brand name in the markets it serves through an extensive marketing and advertising campaign and also maintains a significant presence in the Houston community through its involvement with numerous charities benefiting underprivileged children and other community initiatives. EV1’s corporate headquarters are located in Houston, Texas.

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Buyer(S) 1

Buyer

ThePlanet.com Internet Services

Houston, Texas, United States
Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

ThePlanet.com Internet Services, Inc., doing business as The Planet, provides on demand information technology (IT) infrastructure solutions in North America and internationally.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 44
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 2 of 20
State (Texas) 4 of 19
Country (United States) 4 of 44
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 CBT Nuggets

Eugene, Oregon, United States

CBT Nuggets produces and sells original content IT certification training videos. The company's training videos provide comprehensive training for certification exams from Microsoft, CompTIA, Cisco, and Citrix, plus many other professional certification vendors. CBT Nuggets was founded in 1999 and is based in Eugene, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-17 Avail Consulting

Houston, Texas, United States

Main Street assisted in the formation of Avail Consulting, LLC (“Avail”) in May 2002 to purchase the Southwest Region Valuation and Appraisal Practice of Arthur Andersen, LLP (the “Practice”). Avail is a leading provider of business and equipment valuation services, real estate appraisal services, and related financial advisory and consulting services. The Practice was founded in 1984 and has a successful track record of profitability and growth. Main Street provided Avail with additional financing for working capital and growth initiatives.

Sell -
Mergr

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