M&A Deal Summary

Birch Communications Acquires Covista Communications - Network Assets

On March 26, 2013, Birch Communications acquired communications company Covista Communications - Network Assets from Covista Communications

Acquisition Highlights
  • This is Birch Communications’ 2nd transaction in the Communications sector.
  • This is Birch Communications’ 3rd transaction in the United States.
  • This is Birch Communications’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2013-03-26
Target Covista Communications - Network Assets
Sector Communications
Buyer(s) Birch Communications
Sellers(s) Covista Communications
Deal Type Divestiture

Target

Covista Communications - Network Assets

Chattanooga, Tennessee, United States

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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 3 of 8
Sector (Communications) 2 of 6
Type (Divestiture) 2 of 3
State (Tennessee) 1 of 1
Country (United States) 3 of 7
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-12 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 Lightyear Network Solutions

Louisville, Kentucky, United States

Buy -

Seller(S) 1

SELLER

Covista Communications

Chattanooga, Tennessee, United States
Category Company
Founded 1959
Sector Internet Software and Services
Employees162
Revenue 59M USD (2005)
DESCRIPTION

Covista Communications, Inc. is a local exchange carrier (CLEC) operating in 48 states as well as an FCC 214 international facilities-based carrier. The company's fully-redundant nationwide sonet network architecture provides mission-critical voice and data applications to customers throughout the United States.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-08 General Telecom

New York, New York, United States

General Telecom is a provider of outsourced network management services for global carriers. General Telecom delivers a comprehensive suite of TDM and IP switching services including IP-switch partitioning called IPartition, and IP-leasing services called IPower. TDM-to-IP switching services called VoIP Direct are also available, including protocol conversions for seamless carrier-interoperability.

Buy -
Mergr

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