M&A Deal Summary

Cable ONE Acquires Clearwave Communications

On November 12, 2018, Cable ONE acquired communications company Clearwave Communications from Stephens Capital Partners

Acquisition Highlights
  • This is Cable ONE’s 3rd transaction in the Communications sector.
  • This is Cable ONE’s 3rd transaction in the United States.
  • This is Cable ONE’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-11-12
Target Clearwave Communications
Sector Communications
Buyer(s) Cable ONE
Sellers(s) Stephens Capital Partners
Deal Type Add-on Acquisition
Advisor(s) The Bank Street Group LLC
Stephens Investment Banking (Financial)
Bryan Cave Leighton Paisner LLP (Legal)

Target

Clearwave Communications

Harrisburg, Illinois, United States
Clearwave Communications is a facilities-based service provider that owns and operates a high-capacity fiber network offering dense regional coverage in Southern Illinois. Clearwave Communications was established in 1996 and is based in Harrisburg, Illinois.

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Buyer(S) 1

Buyer

Cable ONE

Phoenix, Arizona, United States
Category Company
Founded 1983
Sector Internet Software and Services
DESCRIPTION

Cable ONE, Inc., provides high-speed Internet, cable television and telephone services.

DEAL STATS #
Overall 3 of 6
Sector (Communications) 3 of 6
Type (Add-on Acquisition) 3 of 5
State (Illinois) 1 of 1
Country (United States) 3 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 NewWave Communications

Sikeston, Missouri, United States

NewWave Communications, Inc. is a broadband/cable company providing television, high speed internet, and digital telephone services for residential and business customers.

Buy $735M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Fidelity Communications

Sullivan, Missouri, United States

Fidelity Communications Co. is a family-owned cable operator that has been providing residential and business services to customers throughout greater Arkansas, Illinois, Louisiana, Missouri, Oklahoma, and Texas for nearly 80 years. Fidelity’s network passes approximately 190,000 homes and it has approximately 114,000 residential primary service units (“PSUs”) and 20,000 business PSUs. Fidelity is headquartered in Sullivan, Missouri.

Buy $526M

Seller(S) 1

SELLER

Stephens Capital Partners

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

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

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.

DEAL STATS #
Overall 30 of 40
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 14 of 19
State (Illinois) 1 of 1
Country (United States) 30 of 39
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 RK Supply

Midland, Texas, United States

RK Supply is a distributor of oilfield production supplies (pipe, valves, fittings and other general supplies) in the broader Permian Basin. RK Supply was founded in 2006 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Advanced Installation Services

Union City, California, United States

Advanced Installation Services is a provider of installation services for demountable walls and modular office furniture systems. AIS was established in 1993 and is based in Union City, California.

Buy -
Mergr

Product

Company

Legal