Add-on Acquisition • Communications

Bluepeak Acquires Vexus

On January 9, 2019, Bluepeak acquired communications company Vexus from Tower Three Partners

Acquisition Context
  • This is Bluepeak’s 1st transaction in the Communications sector.
  • This is Bluepeak’s 1st transaction in the United States.
  • This is Bluepeak’s 1st transaction in Texas.
Investment Fate
  • Vexus merged with another company in 2022.

Explore All 1705 Add-on Acquisition Communications Deals - Search the Database Free


M&A Deal Summary

Date January 9, 2019
Target Vexus
Sector Communications
Buyer(s) Bluepeak
Sellers(s) Tower Three Partners
Deal Type Add-on Acquisition
Advisor(s) Bank Street (Financial)

Target Company

Vexus

Lubbock, Texas, United States
Vexus is a provider of high-speed broadband services, including internet access, digital TV and other services to residential and business customers in northern Texas and southeastern Louisiana. Vexus was founded in 1981 and is based in Lubbock, Texas.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Bluepeak

Sioux Falls, South Dakota, United States

Category Company
Founded 2014
Sector Communications
DESCRIPTION

Bluepeak is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Bluepeak was founded in 2014 and is based in Sioux Falls, South Dakota.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Vexus

Lubbock, Texas, United States

Vexus is a provider of high-speed broadband services, including internet access, digital TV and other services to residential and business customers in northern Texas and southeastern Louisiana. Vexus was founded in 1981 and is based in Lubbock, Texas.

Sell -

Seller Profile 1

SELLER

Tower Three Partners

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tower Three Partners is an operationally-oriented private equity firm that invests in US-based middle-market companies. Tower Three seeks growth-oriented opportunities and looks to commit $50 to $150 million per transaction. Tower Three Partners was founded in 2007 and is based in Greenwich, Connecticut.


Deal Context for Seller #
Overall 4 of 6
Sector: Communications 1 of 1
Type: Add-on Acquisition 3 of 3
State: Texas 1 of 2
Country: United States 4 of 6
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Teters Floral Products

Bolivar, Missouri, United States

Teters Floral Products, Inc. is a designer, importer, and distributor of artificial botanical products. Teters’ products include stem flowers, domestically assembled wreaths, and sprays, bushes, vines, garlands, swags, foliage, and other accessories. Teters Floral Products was established in 1957 and is based in Bolivar, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Heritage Golf Group

Carlsbad, California, United States

Heritage Golf Group is a hospitality company operating private, resort and daily fee golf properties spanning Florida, South Carolina and Virginia. Heritage Golf Group was founded in 1999 and is based in Carlsbad, California.

Sell -