Add-on Acquisition • Communications

BCE Acquires Ziply Fiber

On November 4, 2024, BCE acquired communications company Ziply Fiber from Searchlight Capital Partners and WaveDivision Capital for 5.0B CAD

Acquisition Context
  • This is BCE’s 5th transaction in the Communications sector.
  • This is BCE’s 2nd largest (disclosed) transaction.
  • This is BCE’s 1st transaction in the United States.
  • This is BCE’s 1st transaction in Washington.

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M&A Deal Summary

Date November 4, 2024
Target Ziply Fiber
Sector Communications
Buyer(s) BCE
Sellers(s) Searchlight Capital Partners
WaveDivision Capital
Deal Type Add-on Acquisition
Deal Value 5.0B CAD

Target Company

Ziply Fiber

Everett, Washington, United States
Ziply Fiber is a telecommunications network business comprises a network that passes 1.7 million residential and business locations, of which approximately 500,000 are fiber-to-the-premises capable. Ziply Fiber is based in Everett, Washington.
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Buyer Overview 1

Buyer

BCE

Verdun, Quebec, Canada

Category Company
Founded 1880
Sector Communications
Employees45,132
Revenue 24.4B CAD (2024)
DESCRIPTION

BCE is a telecommunications company that provides a suite of broadband communication services to residential and business customers throughout Canada. BCE was incorporated in 1880 and is based in Verdun, Quebec.


Deal Context for Buyer #
Overall 14 of 14
Sector: Communications 5 of 5
Type: Add-on Acquisition 12 of 12
State: Washington 1 of 1
Country: United States 1 of 1
Year: 2024 3 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 CloudKettle

Halifax, Nova Scotia, Canada

CloudKettle is a Professional Services provider that offers expertise in Salesforce enterprise implementation, including integration of data and AI capabilities through Salesforce Data Cloud, Industry Clouds, Marketing Cloud, Einstein 1, and Tableau. CloudKettle is based in Halifax, Nova Scotia.

Buy -

Seller Profiles 2

SELLER

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.


Deal Context for Seller #
Overall 15 of 16
Sector: Communications 4 of 4
Type: Add-on Acquisition 7 of 7
State: Washington 1 of 1
Country: United States 6 of 7
Year: 2024 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 Flowbird Group

Neuilly-sur-Seine, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 EIS

Atlanta, Georgia, United States

EIS is a distributor, fabricator, and converter of electrical process materials, wire, cable, and assemblies serving end-user segments in electrical power and related markets. EIS was founded in 1946 and is based in Atlanta, Georgia.

Buy -
DESCRIPTION

WaveDivision Capital is a private investment firm focused on the broadband industry. WaveDivision Capital was formed in 2003 and is headquartered in Kirkland, Washington.


Deal Context for Seller #
Overall 2 of 2
Sector: Communications 2 of 2
Type: Add-on Acquisition 2 of 2
State: Washington 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 Metronet Fiber

Evansville, Indiana, United States

Metronet is a provider of fiber-optic internet, TV and phone service in more than 50 cities in Indiana, Illinois, and Kentucky. Metronet Fiber is providing cutting-edge fiber optic telecommunication services, including high-speed fiber internet, full-featured fiber phone, fiber IPTV with a wide variety of programming, and products. Metronet Fiber was founded in 2005 and is based in Evansville, Indiana.

Buy -