Add-on Acquisition • Communications

BEK Communications Cooperative Acquires ICTC Group

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

Acquisition Context

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.

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M&A Deal Summary
Date	July 9, 2018
Target	ICTC Group
Sector	Communications
Buyer(s)	BEK Communications Cooperative
Deal Type	Add-on Acquisition
Deal Value	25M USD

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Communications	1 of 1
Type: Add-on Acquisition	1 of 1
State: North Dakota	1 of 1
Country: United States	1 of 1
Year: 2018	1 of 1
Size (of disclosed)	1 of 1

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Communications M&A - Add-on Acquisition M&A Deals - North Dakota M&A - United States M&A - 2018 M&A