Merger • Media

Avalon Cable Television Acquires Mercom

On March 1, 1999, Avalon Cable Television acquired media company Mercom from Granahan McCourt Capital

Acquisition Context
  • This is Avalon Cable Television’s 1st transaction in the Media sector.
  • This is Avalon Cable Television’s 1st transaction in the United States.
  • This is Avalon Cable Television’s 1st transaction in New York.

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M&A Deal Summary

Date March 1, 1999
Target Mercom
Sector Media
Buyer(s) Avalon Cable Television
Sellers(s) Granahan McCourt Capital
Deal Type Merger

Target Company

Mercom

New York, New York, United States
Mercom, Inc. operated as a cable television operator. The company, through its three cable systems, provided basic, premium, and pay-per-view cable programming services to the subscribers in southern Michigan.
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Buyer Overview 1

Buyer

Avalon Cable Television

Princeton, New Jersey, United States

Category Company
Sector Communications
DESCRIPTION

Avalon Cable Television serves the Michigan municipalities surrounding Grand Rapids, Traverse City, Lapeer, and Monroe with cable television services.


Deal Context for Buyer #
Overall 1 of 1
Sector: Media 1 of 1
Type: Merger 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 1999 1 of 1

Seller Profile 1

SELLER

Granahan McCourt Capital

Huntingdon, Pennsylvania, United States

Investor


Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Granahan McCourt Capital is a specialist investment firm focused on investments in the telecommunications and media industries. Granahan McCourt looks for small and medium-sized companies with strong market positions and 'where there is a forseeable event which allows for value creation'. The Firm's investment horizon is two to four years. Granahan McCourt Capital is based in Princeton, New Jersey.


Deal Context for Seller #
Overall 1 of 4
Sector: Media 1 of 1
Type: Merger 1 of 1
State: New York 1 of 1
Country: United States 1 of 3
Year: 1999 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-31 Raven Group

Chicago, Illinois, United States

Raven Group is a provider of consumer satellite broadband and a major manufacturer of DTH equipment.

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