M&A Deal Summary

Alaska Communications Acquires Crest Communications

On October 30, 2008, Alaska Communications acquired communications company Crest Communications from The Carlyle Group for 70M USD

Acquisition Highlights
  • This is Alaska Communications’ 3rd transaction in the Communications sector.
  • This is Alaska Communications’ 2nd largest (disclosed) transaction.
  • This is Alaska Communications’ 3rd transaction in the United States.
  • This is Alaska Communications’ 1st transaction in Oregon.

M&A Deal Summary
Date 2008-10-30
Target Crest Communications
Sector Communications
Buyer(s) Alaska Communications
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Crest Communications

Hillsboro, Oregon, United States
Crest Communications Corp. (WCI Cable) is a facilities-based provider of high-bandwidth, fiber optic communications infrastructure to carrier and corporate/government customers in the Pacific Northwest. Crest consists of three subsidiaries that own the infrastructure: WCI Cable, Inc., Northern Lights Holdings, Inc. and World Net Communications, Inc.

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Buyer(S) 1

Buyer

Alaska Communications

Anchorage, Alaska, United States
Category Company
Founded 1998
Sector Communications
Revenue 232M USD (2019)
DESCRIPTION

Alaska Communications is a fiber broadband and managed information technology services provider, focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers throughout the state. ACS' facilities-based communications network extends throughout Alaska and connects to the contiguous states via two diverse undersea fiber optic cable systems and usage rights on a third undersea system. ACS' network is among the most expansive in Alaska and forms the foundation of service to customers. Alaska Communications was formed in 1998 and is based in Anchorage, Alaska.

DEAL STATS #
Overall 3 of 5
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Oregon) 1 of 1
Country (United States) 3 of 5
Year (2008) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-09 Internet Plus

Fairbanks, Alaska, United States

Internet Plus, LLC (dba MosquitoNet) is an Internet Service Provider (ISP) located in Fairbanks, Alaska. MosquitoNet serves approximately 5,000 customers in the Fairbanks area with dial-up and high speed Internet access, as well as hosting solutions and other advanced services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 TekMate

Anchorage, Alaska, United States

TekMate LLC is a provider of information technology solutions. TekMate delivers proactive maintenance services through our flat-rate TotalCare IT Support Service.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 124 of 480
Sector (Communications) 11 of 19
Type (Add-on Acquisition) 66 of 197
State (Oregon) 1 of 3
Country (United States) 83 of 259
Year (2008) 14 of 15
Size (of disclosed) 120 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-23 PixelOptics

Roanoke, Virginia, United States

PixelOptics, Inc. is a developer of a dynamic lens technology for use in eyeglasses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-02 Gardner Group

Ilkeston, United Kingdom

Gardner Group Ltd. manufactures and supplies metallic aerospace details and sub-assemblies for the aviation sector in Europe and internationally.

Buy -
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