M&A Deal Summary

American Tower Acquires CommSite International

On July 6, 1999, American Tower acquired business services company CommSite International from Trident Capital for 39M USD

Acquisition Highlights
  • This is American Tower’s 1st transaction in the Business Services sector.
  • This is American Tower’s 8th largest (disclosed) transaction.
  • This is American Tower’s 2nd transaction in the United States.
  • This is American Tower’s 1st transaction in Vermont.

M&A Deal Summary
Date 1999-07-06
Target CommSite International
Sector Business Services
Buyer(s) American Tower
Sellers(s) Trident Capital
Deal Type Add-on Acquisition
Deal Value 39M USD

Target

CommSite International

Vienna, Vermont, United States
CommSite International is an antenna site development and site management company.

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Buyer(S) 1

Buyer

American Tower

Boston, Massachusetts, United States
Category Company
Founded 1995
Sector Real Estate
Employees5,643
Revenue 11.1B USD (2023)
DESCRIPTION

American Tower is an independent owner, operator, and developer of wireless and broadcast communication real estate. The Company's global portfolio includes over 99,000 owned or managed sites and is experiencing steady growth. In addition to leasing space on towers, American Tower provides customized collocation solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. American Tower was founded in 1995 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 15
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 12
State (Vermont) 1 of 1
Country (United States) 2 of 12
Year (1999) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-23 OmniAmerica

Cedar Crest, New Mexico, United States

OmniAmerica, Inc. is a telecommunication tower development company.

Buy $397M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-02 Richland Towers

Tampa, Florida, United States

Richland Towers was one of the nation’s largest, privately owned tall tower companies. Richland also provided services including tower construction coordination, facilities operation and management, transmitter site development, tenant facility integration and remote monitoring.

Buy -

Seller(S) 1

SELLER

Trident Capital

San Mateo, California, United States
Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.

DEAL STATS #
Overall 6 of 85
Sector (Business Services) 1 of 13
Type (Add-on Acquisition) 4 of 63
State (Vermont) 1 of 2
Country (United States) 6 of 80
Year (1999) 4 of 5
Size (of disclosed) 18 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-02 Internet Profiles

Redwood City, California, United States

Internet Profiles Corporation was a web analytics company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-28 DAOU Systems

Exton, Pennsylvania, United States

DAOU Systems, Inc. is a provider of professional IT consulting and management services to healthcare organizations in the design, deployment, integration and support of infrastructure and application systems.

Buy -
Mergr

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