M&A Deal Summary

BAI Connect Acquires AerioConnect

On May 5, 2021, BAI Connect acquired communications company AerioConnect from M/C Partners

Acquisition Highlights
  • This is BAI Connect’s 1st transaction in the Communications sector.
  • This is BAI Connect’s 1st transaction in the United States.
  • This is BAI Connect’s 1st transaction in California.

M&A Deal Summary

Date 2021-05-05
Target AerioConnect
Sector Communications
Buyer(s) BAI Connect
Sellers(s) M/C Partners
Deal Type Merger

Target

AerioConnect

Newbury Park, California, United States
AerioConnect is a provider of Internet, Voice and Video services. AerioConnect was founded in 2004 and is based in Newbury Park, California.

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Buyer(S) 1

Buyer

BAI Connect

Sherman Oaks, California, United States

Category Company
Founded 2002
Sector Communications
DESCRIPTION

BAI Connect is a provider of internet, voice and video services. BAI Connect was founded in 2002 and is based in Sherman Oaks, California.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.


DEAL STATS #
Overall 29 of 31
Sector (Communications) 21 of 21
Type (Merger) 2 of 2
State (California) 2 of 3
Country (United States) 24 of 26
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 DAS42

New York, New York, United States

DAS42 provides cloud-based data analytics consulting and professional services. DAS42 was founded in 2015 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Zentro

Chicago, Illinois, United States

Zentro is a provider of Gigabit Internet to multi-family buildings and businesses across Chicagoland. The Internet-only company offers access to revolutionary, lightning-fast Internet speeds alongside unparalleled reliability, ensuring uninterrupted viewing of streaming services. Zentro was established in 2012 and is based in Chicago, Illinois.

Buy -