M&A Deal Summary

Broadview Networks Acquires InfoHighway Communications

On June 7, 2007, Broadview Networks acquired communications company InfoHighway Communications from LLR Partners

Acquisition Highlights
  • This is Broadview Networks’ 1st transaction in the Communications sector.
  • This is Broadview Networks’ 2nd transaction in the United States.
  • This is Broadview Networks’ 2nd transaction in New York.

M&A Deal Summary

Date 2007-06-07
Target InfoHighway Communications
Sector Communications
Buyer(s) Broadview Networks
Sellers(s) LLR Partners
Deal Type Add-on Acquisition
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)

Target

InfoHighway Communications

New York, New York, United States
InfoHighway Communications Corp. is a provider of hosted and managed communications solutions for small-to medium-sized businesses in the Northeast.

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Buyer(S) 1

Buyer

Broadview Networks

Rye Brook, New York, United States

Category Company
Founded 1996
Sector Communications
Employees750
Revenue 291M USD (2015)
DESCRIPTION

Broadview Networks, Inc. is a network-based integrated communications provider serving approximately 80,000 small and mid-sized businesses throughout the Mid-Atlantic and Northeast regions of the U.S. Broadview Networks was formed in 1996 and is based in Rye Brook, New York.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-30 BridgeCom International

Rye Brook, New York, United States

BridgeCom International, Inc. is a full-service Integrated Communications Provider offering a complete array of leading-edge voice,data and Internet services to business customers in the Northeastern United States.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 9 of 76
Sector: Communications M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 47
State: New York M&A 1 of 5
Country: United States M&A 9 of 75
Year: 2007 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-21 Peachtree Settlement Funding

Radnor, Pennsylvania, United States

Peachtree Settlement Funding, LLC is a specialty finance company that purchases structured legal settlements and other payment streams to provide tax-efficient liquidity to consumers.

Buy £402M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-13 Community Education Centers

West Caldwell, New Jersey, United States

Community Education Centers is a national provider of rehabilitative services for offenders through reentry and in-custody treatment programs as well as comprehensive management services for county, state, and federal correctional and detention facilities. CEC provides evidence-based programming for residential and non-residential clients through reentry and correctional facilities, in-prison treatment services, and outpatient and day reporting programs.

Buy -