M&A Deal Summary

Birch Communications Acquires Cleartel Communications

On May 12, 2009, Birch Communications acquired communications company Cleartel Communications from MCG Capital

Acquisition Highlights
  • This is Birch Communications’ 1st transaction in the Communications sector.
  • This is Birch Communications’ 2nd transaction in the United States.
  • This is Birch Communications’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2009-05-12
Target Cleartel Communications
Sector Communications
Buyer(s) Birch Communications
Sellers(s) MCG Capital
Deal Type Divestiture
Advisor(s) Bank Street (Financial)

Target

Cleartel Communications

Wall, New Jersey, United States
Cleartel Communications, Inc., is a integrated telecommunications provider offering a diverse menu of voice, data, and Internet services, as well as other customized services and solutions to both consumer and business accounts in over 20 states. Cleartel services southeast Florida via its facilities-based network, which includes multiple class 5 switching facilities offering voice and data T-1's over a state-of-the-art optical fiber network.

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Buyer(S) 1

Buyer

Birch Communications

Macon, Georgia, United States
Category Company
Founded 1996
Sector Communications
DESCRIPTION

Birch Communications (Formerly Birch Telecom, Inc) competitive local exchange carrier serving the southern and central United States, deploying a next-generation network to provide broadband communication services to small and medium-sized businesses with over 450,000 access lines.

DEAL STATS #
Overall 2 of 8
Sector (Communications) 1 of 6
Type (Divestiture) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 2 of 7
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-22 Ionex Telecommunications

Addison, Texas, United States

Ionex Telecom is an Integrated Communications Provider (ICP) serving the voice and data needs of small to medium-sized business customers in Texas, Oklahoma, Kansas and Missouri. Privately owned and based in Dallas, Texas, Ionex offers local and long-distance phone service, high-speed Internet access, and a suite of value-added voice and data products including email, voicemail, conferencing, and electronic billing through the Ionex next generation ATM network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-26 Covista Communications - Network Assets

Chattanooga, Tennessee, United States

Buy -

Seller(S) 1

SELLER

MCG Capital

Arlington, Virginia, United States
Category Company
Founded 1990
Sector Financial Services
Employees15
Revenue 41M USD (2014)
DESCRIPTION

MCG Capital Corp. is a provider of debt and equity capital to private companies.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-25 Jet Plastica

Hatfield, Pennsylvania, United States

Jet Industries, Inc. is a manufacturer of injection molded disposable plastic cutlery, tumblers, dinnerware and extruded drinking straws. Jet Industries was formed in 1947 and is based in Hatfield, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-09 LMS Intellibound

Norcross, Georgia, United States

LMS Intellibound, Inc., is a niche business services company that provides value-added warehousing services primarily to the grocery, foodservice, and pharmaceutical industries. LMS currently serves more than 70 distribution centers across the U.S. and provides critical service solutions that lower its clients' overall costs while also improving operational efficiency.

Buy -
Mergr

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