Investment Summary

Housatonic Partners, Alta Equity Partners and BancBoston Capital Invest In Arrival Communications

On June 1, 2000, private equity firms Housatonic Partners, Alta Equity Partners and BancBoston Capital invested in communications company Arrival Communications for 13M USD

Investment Highlights
  • This is Housatonic Partners’ 2nd, Alta Equity Partners’ 7th and BancBoston Capital’s 1st transaction in the Communications sector.
  • This is Housatonic Partners’ 2nd, Alta Equity Partners’ and BancBoston Capital’s largest (disclosed) transaction.
  • This is Housatonic Partners’ 17th, Alta Equity Partners’ 14th and BancBoston Capital’s 3rd transaction in the United States.
  • This is Housatonic Partners’ 6th, Alta Equity Partners’ 3rd and BancBoston Capital’s 1st transaction in California.
Investment Fate
  • Arrival Communications was sold to a strategic buyer in 2006.

Investment Summary

Date 2000-06-01
Target Arrival Communications
Sector Communications
Investor(s) Housatonic Partners
Alta Equity Partners
BancBoston Capital
Deal Type Growth Capital
Deal Value 13M USD

Target

Arrival Communications

Bakersfield, California, United States
Arrival is a profitable facilities-based competitive local exchange carrier, offering a full array of integrated communications services to business customers. Arrival targets business customers in underserved markets throughout Central California, a fast-growing region characterized by a large concentration of small and medium-sized enterprises.

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Investor(S) 3

Investor

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 17 of 79
Sector (Communications) 2 of 7
Type (Growth Capital) 1 of 21
State (California) 6 of 17
Country (United States) 17 of 73
Year (2000) 5 of 5
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Beacon Fire & Safety

San Jose, California, United States

Beacon Fire & Safety distributes fire and life safety equipment in California. it offers fire alarm services, including emergency services, central station monitoring services, inspection and testing services, third party inspections for new system installations, system training for facility staff, and pre-acquisition building surveys, as well as project design, engineering, and installation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Pyramid Research

Cambridge, Massachusetts, United States

Pyramid Research is a provider of subscription market information, analysis and forecasting services to the global telecom industry. Pyramid bases its services on its proprietary “bottom up” quantitative data drawn from around 70 national markets worldwide.

Buy -
Investor

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 STATS #
Overall 17 of 40
Sector (Communications) 7 of 9
Type (Growth Capital) 2 of 2
State (California) 3 of 7
Country (United States) 14 of 36
Year (2000) 4 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-10 Marlin Broadcasting

Hartford, Connecticut, United States

Marlin Broadcasting is a radio broadcasting company with stations in Miami, FL, Hartford, CT, and the North Shore of Boston.

Sell $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-19 Civic Communications

Jackson, Massachusetts, United States

Civic Communications was a television broadcasting company which owned and operated the NBC affiliate stations in Jackson, MS and the ABC affiliates in Tyler and Lufkin, TX.

Sell -
Investor

BancBoston Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 1959
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BancBoston Capital was the private equity investment arm of FleetBoston Financial. The subsidiary invested equity and mezzanine financing to support a wide range of buyouts and other growth-related investments. BancBoston was formed in 1959 and is based in Boston and is no longer actively investing.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Growth Capital) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 3
Year (2000) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-15 Wilmar Industries

Mount Laurel Township, New Jersey, United States

Wilmar Industries, Inc. is a supplier of home repair and maintenance products, offering more than 15,000 plumbing, electrical, janitorial, hardware, HVAC, appliance, window, and door parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-21 The Sheridan Group

Hunt Valley, Maryland, United States

The Sheridan Group is a specialty printer offering a full range of printing and value-added support services.

Sell $142M