Add-on Acquisition • Communications

Adelphia Communications Acquires Benchmark Communications

On January 1, 2001, Adelphia Communications acquired communications company Benchmark Communications from Alta Equity Partners

Acquisition Context
  • This is Adelphia Communications’ 5th transaction in the Communications sector.
  • This is Adelphia Communications’ 5th transaction in the United States.
  • This is Adelphia Communications’ 1st transaction in Louisiana.

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M&A Deal Summary

Date January 1, 2001
Target Benchmark Communications
Sector Communications
Buyer(s) Adelphia Communications
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition

Target Company

Benchmark Communications

Metairie, Louisiana, United States
Benchmark Communications was a cable television operator that acquired 60,000 subscribers located throughout the southeastern US.
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Buyer Overview 1

Buyer

Adelphia Communications

Coudersport, Pennsylvania, United States

Category Company
Founded 1952
Sector Communications
DESCRIPTION

Adelphia Communications was the country’s sixth largest cable television operator and, through various subsidiaries, provided cable television and local telephone service to customers in twenty-nine states and Puerto Rico.


Deal Context for Buyer #
Overall 5 of 5
Sector: Communications 5 of 5
Type: Add-on Acquisition 4 of 4
State: Louisiana 1 of 1
Country: United States 5 of 5
Year: 2001 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Loudoun Communications

Virginia, United States

Cablevision of Loudon was a cable television operator that owned cable franchises located throughout Virginia.

Buy -

Seller Profile 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


Deal Context for Seller #
Overall 20 of 45
Sector: Communications 13 of 20
Type: Add-on Acquisition 18 of 36
State: Louisiana 1 of 3
Country: United States 19 of 43
Year: 2001 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Sol Communications

Albuquerque, New Mexico, United States

Sol Communications was a wireless company that provided PCS services in South Texas and operates as a joint venture with VoiceStream.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 JP Broadcasting Co.

New Orleans, Louisiana, United States

JP Broadcasting was formed by Chris Devine and Alta Communications to operate one FM radio station in New Orleans, LA.

Sell -