M&A Deal Summary

ALTIUS Broadband Acquires DigitalBridge Communications

On October 12, 2012, ALTIUS Broadband acquired communications company DigitalBridge Communications from Paladin Capital Group, BIA Digital Partners and Spring Capital Partners

Acquisition Highlights
  • This is ALTIUS Broadband’s 1st transaction in the Communications sector.
  • This is ALTIUS Broadband’s 1st transaction in the United States.
  • This is ALTIUS Broadband’s 1st transaction in Virginia.

M&A Deal Summary

Date 2012-10-12
Target DigitalBridge Communications
Sector Communications
Buyer(s) ALTIUS Broadband
Sellers(s) Paladin Capital Group
BIA Digital Partners
Spring Capital Partners
Deal Type Add-on Acquisition

Target

DigitalBridge Communications

Ashburn, Virginia, United States
DigitalBridge Communications Corp. is a telecommunications service provider focused on using WiMAX to deliver broadband services to underserved communities nationwide.

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Buyer(S) 1

Buyer

ALTIUS Broadband

Flemingsburg, Kentucky, United States

Category Company
Founded 2001
Sector Communications
DESCRIPTION

ALTIUS Broadband was established in 2001 with the goal of providing the underserved regions of rural USA with a one-of-a-kind, flexible, and blazing fast Internet Service.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 3

SELLER

Paladin Capital Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Paladin Capital Group is a growth capital firm focused on early and expansion stage businesses related to homeland security, defense, and business continuity. Specific areas of interest include identity management, antimicrobial solutions, mesh networks, IT services, data storage, business process software, network management software and detection, biometrics, and protective equipment. Paladin Capital Group was formed in 2001 and is headquartered in Washington DC.


DEAL STATS #
Overall 13 of 44
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 31
State: Virginia M&A 2 of 7
Country: United States M&A 13 of 38
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 Cigierre

Tavagnacco, Italy

Cigierre is a provider of causal dining segment. Its network of 130 directly owned or franchised restaurants. Cigierre was founded in 1995 and is based in Tavagnacco, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 BuildingIQ

Sydney, Australia

BuildingIQ is a provider of Software as a Service solution for energy optimization for commercial buildings. BuildingIQ’s suite of software offerings are based on unique, patent-pending Predictive Energy Optimization technology. BuildingIQ was founded in 2012 and is basin Sydney, Australia.

Buy -
SELLER

BIA Digital Partners

Chantilly, Virginia, United States

Category Mezzanine Finance Firm
Founded 1983
PE ASSETS 283M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BIA Digital Partners is a private investment firm focused on making junior capital investments in businesses serving the media/entertainment, telecommunications, information services, and business services sectors. The Firm has a special interest in companies generating a significant level of recurring revenue. BIA typically invests in businesses valued from $20 to $100 million and revenues $15 to $100 million. Investment proceeds are generally used to pursue organic growth opportunities, make acquisitions, fund management or leveraged buyouts, recapitlizations, and debt refinancings. BIA is licensed as a SBIC and is based in Chantilly, Virginia.


DEAL STATS #
Overall 13 of 23
Sector: Communications M&A 3 of 7
Type: Add-on Acquisition M&A Deals 6 of 10
State: Virginia M&A 2 of 4
Country: United States M&A 13 of 23
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 Hoffman Media

Birmingham, Alabama, United States

Hoffman Media LLC is a special-interest publisher that specializes in publications targeted to the women's market and the large base of advertisers who seek a print, online and interactive medium to reach this attractive demographic. In addition to publications, HM has a growing consumer event business and an established ancillary products division.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 Allegiance Communications

Shawnee, Oklahoma, United States

Allegiance Communications LLC is a regional cable operator providing video, high-speed data and other broadband services.

Sell -
SELLER

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 11 of 25
Sector: Communications M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 18
State: Virginia M&A 2 of 3
Country: United States M&A 11 of 25
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-27 Drew Foam

Monticello, Arkansas, United States

Drew Foam is a provider of custom-fabricated expanded polystyrene foam ("EPS") products serving the packaging, building products, and consumer end-markets, primarily in the Southeastern United States. Drew Foam was founded in 1965 and is based in Monticello, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 BodyMedia

Pittsburgh, Pennsylvania, United States

BodyMedia, Inc. is a pioneer in developing wearable body monitoring systems that are designed to help people lose weight, improve performance and live a healthier lifestyle.

Sell -