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M&A Deal Summary

BEK Communications Cooperative Acquires ICTC Group

On July 9, 2018, BEK Communications Cooperative acquired communications company ICTC Group for 25M USD

Acquisition Highlights
  • This is BEK Communications Cooperative’s 1st transaction in the Communications sector.
  • This is BEK Communications Cooperative’s largest (disclosed) transaction.
  • This is BEK Communications Cooperative’s 1st transaction in the United States.
  • This is BEK Communications Cooperative’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2018-07-09
Target ICTC Group
Sector Communications
Buyer(s) BEK Communications Cooperative
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

ICTC Group

Nome, North Dakota, United States
ICTC Group, Inc. is a provider of voice, broadband and other telecommunications services. ICTC Group is based in Nome, North Dakota.

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Buyer(S) 1

Buyer

BEK Communications Cooperative

Steele, North Dakota, United States
Category Company
Founded 1952
Sector Communications
DESCRIPTION

BEK Communications Cooperative is a provider of fiber-based voice, Internet, and television services; cloud-based security, automation, surveillance, voice, and storage services; live sports broadcasting on BEK Broadcasting Network; and hospital and business communications solutions to nearly 10,000 customers in North Dakota.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
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