M&A Deal Summary |
|
|---|---|
| Date | 2000-02-26 |
| Target | American Cellular corp. |
| Sector | Communications |
| Buyer(s) |
AT&T
Dobson Communications |
| Sellers(s) |
Catalyst Investors
Providence Equity Partners Spectrum Equity Generation Partners Sandler Capital Management Arcade Partners LLM Capital Partners Trident Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.4B USD |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Communications |
| Employees | 148,290 |
| Revenue | 122.4B USD (2023) |
AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 37 |
| Sector (Communications) | 5 of 19 |
| Type (Add-on Acquisition) | 6 of 30 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 6 of 32 |
| Year (2000) | 2 of 3 |
| Size (of disclosed) | 6 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-02-14 |
Wireless One Network
Ft. Myers, Florida, United States Wireless One Network LP was a cellular telephone operator in southwest Florida, including Naples, Fort Myers, and the Florida panhandle region. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-08-01 |
net2phone
Newark, New Jersey, United States net2phone, Inc. is a provider of cloud based telephony services. net2phone's flagship hosted PBX service offers its channel partners the opportunity to uncover significant recurring revenues, enjoy customer retention, and add new services to, or even build, their own brands. |
Buy | $1.1B |
| Category | Company |
|---|---|
| Founded | 1936 |
| Sector | Communications |
| Employees | 2,500 |
Dobson Communications Corp. is a communications provider in rural and suburban areas of Alaska, Arizona, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, Missouri, New York, Ohio, Oklahoma, Pennsylvania, Texas, Virginia, West Virginia and Wisconsin.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Communications) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2000) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-12-30 |
Sygnet Wireless
Canfield, Ohio, United States Sygnet Wireless, Inc. is a operator of cellular systems in Ohio, Pennsylvania and western New York. |
Buy | - |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 377M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 39 |
| Sector (Communications) | 5 of 12 |
| Type (Add-on Acquisition) | 4 of 19 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 10 of 37 |
| Year (2000) | 2 of 2 |
| Size (of disclosed) | 4 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-02-14 |
Wireless One Network
Ft. Myers, Florida, United States Wireless One Network LP was a cellular telephone operator in southwest Florida, including Naples, Fort Myers, and the Florida panhandle region. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-01-01 |
Alaska Native Wireless
Anchorage, Arkansas, United States Alaska Native Wireless LLC develop wireless systems and to purchase C and F block PCS licenses auctioned by the FCC. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 100 |
| Sector (Communications) | 6 of 18 |
| Type (Add-on Acquisition) | 3 of 40 |
| State (Tennessee) | 1 of 4 |
| Country (United States) | 5 of 68 |
| Year (2000) | 1 of 2 |
| Size (of disclosed) | 11 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-09-15 |
UOL
Sao Paulo, Brazil UOL is a leading Latin American internet service provider. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-05-08 |
Verio
Englewood, Colorado, United States Verio, Inc. is a provider of web hosting and managed services to small- and medium-sized businesses. |
Sell | $5.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 8.2B USD |
| Size | Mega |
| Type | Sector Focused |
Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 76 |
| Sector (Communications) | 1 of 9 |
| Type (Add-on Acquisition) | 3 of 45 |
| State (Tennessee) | 1 of 2 |
| Country (United States) | 4 of 67 |
| Year (2000) | 3 of 3 |
| Size (of disclosed) | 5 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-01-17 |
Geneva Technology
Portsmouth, New Hampshire, United States Geneva Technology, Inc., is a provider of innovative billing software for telecommunications, Internet, utilities and online services providers primarily for the European marketplace. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-03-07 |
Geneva Technology
Portsmouth, New Hampshire, United States Geneva Technology, Inc., is a provider of innovative billing software for telecommunications, Internet, utilities and online services providers primarily for the European marketplace. |
Sell | $700M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Generation Partners is a private equity firm focused on investing in growth companies at various stages of development. Generation looks to commit $10 to $75 million of equity capital per investment. The Firm is a hands-on investor, helping managers take their companies to the next level. Areas of interest include business services, information services, consumer services, media, communications, entertainment, healthcare services, and technology. Generation will consider both majority and minority positions. Generation Partners was formed in 1995 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 15 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 6 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 3 of 15 |
| Year (2000) | 2 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-01-01 |
Promatory Communications
Fremont,, California, United States Promatory was a development stage company designing ATM access switches for telecommunications carriers. The switches supported multiple Digital Subscriber Line (“DSL”) technologies. The company’s hardware was installed at a telephone company’s central offices to significantly increase bandwidth to their customers over the existing copper wire infrastructure. The increasing demand for bandwidth from both residential and business customers was expected to drive demand for several different competing solutions, such as DSL technologies and cable modems. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-01-01 |
Agility
Las Vegas, Nevada, United States Agility provides business continuity and disaster recovery solutions to businesses of all sizes, including access to power generators, office space, communications, and computer systems. Agility Recovery was founded in 1989 and is based in Las Vegas, Nevada. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1990 |
| PE ASSETS | 1.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Sandler Capital Management is a private investment firm that manages both hedge funds and private equity funds. Sandler's private equity practice was established in 1990, which targets investments in the media, communications, entertainment and marketing/information services sectors. Sandler will consider minority or majority positions and has a target investment size of $5 to $60 million per transaction. Sandler Capital is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 10 |
| Sector (Communications) | 1 of 5 |
| Type (Add-on Acquisition) | 1 of 8 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 1 of 9 |
| Year (2000) | 1 of 1 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-03-09 |
American Cellular corp.
Franklin, Tennessee, United States American Cellular was one of the largest independent rural cellular telephone system operators in the U.S. The Company owned and operated non-wireline FCC-licensed cellular telephone systems primarily in rural areas of the Midwestern and Eastern portions of the U.S. American Cellular was acquired by a joint venture between AT&T and Dobson. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-05-01 |
AAT Communications
Boca Raton, Florida, United States AAT Communications LLC is a provider of wireless tower sites, serving major wireless carriers and a premier group of site-management clients. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| Size | Small |
| Type | Sector Agnostic |
Arcade Partners is a private investment partnership that targets middle market buyouts and recapitalizations. Arcade seeks light manufacturing and service based businesses with recurring revenues. Arcade targets profitable companies with minimum EBITDA of $4 to $25 million. Arcade Partners is based in West Hartford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 6 |
| Sector (Communications) | 1 of 2 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 3 of 6 |
| Year (2000) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-07-07 |
Angioguard
Minneapolis, Minnesota, United States Angioguard, Inc. is a developer of medical devices for coronary and carotid interventional applications. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-03-01 |
American Reprographics
Walnut Creek, California, United States American Reprographics Company (Fund IV) is the largest reprographics company in the U.S., providing document management services to the architectural, engineering and construction industries and to other industries that require sophisticated document management services. ARC operates 177 reprographics service centers in the United States and Canada. The company's common stock is publicly-traded under the symbol 'ARP.' The company is headquartered in Walnut Creek, California. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1991 |
| Size | Small |
| Type | Sector Agnostic |
LLM Capital Partners LLC is a private equity firm that makes growth capital investments in mid-sized companies. The Firm's investment strategy is to provide $10 to $30 million of non-control growth funding to businesses with enterprise values between $15 and $250 million. Broad sectors of interest include healthcare services, business services and niche manufacturing. LLM Capital was formed in 1991 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 19 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 9 |
| State (Tennessee) | 1 of 2 |
| Country (United States) | 3 of 19 |
| Year (2000) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-10-01 |
IASIS Healthcare
Franklin, Tennessee, United States IASIS Healthcare Corp. is an owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. Additionally, IASIS owns and operates a Medicaid managed health plan in Phoenix that serves over 108,000 members. IASIS Healthcare was formed in 1998 and is based in Franklin, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-02-03 |
Ballard Petroleum Resources
Billings, Montana, United States Ballard Petroleum was an independent energy company primarily engaged in the acquisition and development of natural gas and oil properties in the Rocky Mountain region. Ballard owned or had a working interest in over 330 wells located in Colorado, Montana, Utah and Wyoming. Ballard was acquired by Alberta Energy. |
Sell | $225M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 1.9B USD |
| Size | Large |
| Type | Sector Focused |
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 | 8 of 85 |
| Sector (Communications) | 1 of 2 |
| Type (Add-on Acquisition) | 6 of 63 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 8 of 80 |
| Year (2000) | 1 of 5 |
| Size (of disclosed) | 1 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-02-16 |
IPIX
Reston, Virginia, United States IPIX is a virtual tour service for the Internet. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-04-03 |
REZsolutions
Dallas, Texas, United States REZsolutions Inc., the worldwide leader in technology and marketing solutions for the hospitality industry, announced the release of the 1999 Marketing Planning Guide, an updated and expanded products and services guide. |
Sell | - |
