M&A Deal Summary

Bright House Networks Acquires Telovations

On November 26, 2012, Bright House Networks acquired communications company Telovations from Lovett Miller & Co.

Acquisition Highlights
  • This is Bright House Networks’ 1st transaction in the Communications sector.
  • This is Bright House Networks’ 1st transaction in the United States.
  • This is Bright House Networks’ 1st transaction in Florida.

M&A Deal Summary

Date 2012-11-26
Target Telovations
Sector Communications
Buyer(s) Bright House Networks
Sellers(s) Lovett Miller & Co.
Deal Type Add-on Acquisition
Advisor(s) Q Advisors (Financial)

Target

Telovations

Tampa, Florida, United States
Telovations is an innovative Hosted PBX Solutions and Managed SIP Trunking provider that delivers telecommunications services that improve your business phone service. Unlike other Hosted PBX Providers, Telovations helps you make money, save money and create efficiencies. We provide the reliable telecommunications service your business needs, offering a cost effective, outsourced, hosted communications solution.

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Buyer(S) 1

Buyer

Bright House Networks

East Syracuse, New York, United States

Category Company
Founded 2002
Sector Communications
DESCRIPTION
Bright House Networks office in St. Petersburg, Florida.
Bright House Networks office in St. Petersburg, Florida.

Bright House Networks owns and operates cables systems in the United States. The company offers video, high-speed data, home security, and automation and voice services; and a portfolio of business solutions for video, voice, data, cloud-based, and managed services, as well as advanced targeted advertising solutions. Bright House Networks is based in East Syracuse, New York.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Lovett Miller & Co.

Neptune Beach, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 175M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lovett Miller & Co. is a private equity firm that provides growth and shareholder liquidity capital to high-growth privately held companies located in the Southeast US and Texas. Lovett Miller looks for businesses generating sales of $1 to $50 million and can commit up to $15 million per transaction. Areas of interest include technology products and services, healthcare services and devices, business services, consumer and retail, and financial services. The Firm prefers minority positions. Lovett Miller is based in Jacksonville, Florida with an additional office in Tampa.


DEAL STATS #
Overall 14 of 17
Sector: Communications M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 12
State: Florida M&A 2 of 4
Country: United States M&A 14 of 17
Year: 2012 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 MED3OOO

Pittsburgh, Pennsylvania, United States

MED3000, Inc. provides healthcare management, operations, and information technology services for physicians, hospitals, employers, government, and payer clients in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 CareAnyware

Morrisville, North Carolina, United States

CareAnyware is the pioneer in web-based solutions for home care and hospice. Our comprehensive web-based technology focuses on the needs of your clinicians and your business. But, unlike traditional client/server solutions, CareAnyware’s comprehensive on-demand solution is offered as a subscription-based service that accelerates implementation times, reduces ongoing maintenance costs, and keeps you focused on patient care.

Sell -