M&A Deal Summary |
|
|---|---|
| Date | 2021-02-15 |
| Target | Hargray Communications Group |
| Sector | Communications |
| Buyer(s) | Cable ONE |
| Sellers(s) |
Redwood Holdings
Stephens Capital Partners WaveDivision Capital TPO |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.2B USD |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Internet Software and Services |
Cable ONE, Inc., provides high-speed Internet, cable television and telephone services.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 6 |
| Sector (Communications) | 5 of 6 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 5 of 6 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-04 |
Clearwave Fiber
Savannah, Georgia, United States Clearwave Fiber is a rural broadband provider serving communities in Illinois, Florida, Alabama, Georgia and South Carolina. Clearwave Fiber was founded in 2022 and is based in Savannah, Georgia. |
Buy | - |
Redwood Capital is the private investment company for Jim Davis, a co-founder of Allegis Group. The Firm looks to acquire majority positions and generally seeks companies with established management in place, opportunities to re-invest earnings, and strong market positions with sustainable competitive advantages. Redwood Capital Investments was formed in 2006 and is based in Hanover, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-09 |
Premier Trailer Leasing
Lewisville, Texas, United States Premier Trailer Leasing is a provider of trailer leasing and rental assets and related value-added services in the United States. Premier’s fleet is comprised of new and late model air ride vans, flatbeds, chassis, refrigerated units, spring ride vans, as well as specialized flatbeds. Premier is proud of its value added service offerings, such as available GPS trailer tracking on all over-the-road equipment and a web portal allowing access to trailer registrations, lease and rental asset history, maintenance history, invoices, digital images of trailer condition and rental agreements. Premier Trailer Leasing is based in Lewisville, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-28 |
Workwear Outfitters
Nashville, Tennessee, United States Workwear Outfitters is a supplier of work apparel and footwear for diverse occupations. Brands under the Workwear Outfitters umbrella include Red Kap®, Bulwark®, VF Solutions®, Kodiak®, Terra®, Walls®, Liberty®, Work Authority®, Workrite® Fire Service, Chef Designs®, and Horace Small®. Workwear Outfitters is also the exclusive licensee for Dickies® apparel in the B2B channel. Workwear Outfitters is based in Nashville, Tennessee. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Size | Middle-Market |
| Type | Sector Agnostic |
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 | 37 of 40 |
| Sector (Communications) | 2 of 3 |
| Type (Add-on Acquisition) | 18 of 19 |
| State (South Carolina) | 2 of 2 |
| Country (United States) | 36 of 39 |
| Year (2021) | 3 of 4 |
| Size (of disclosed) | 1 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-24 |
Alpha Media
Portland, Oregon, United States Alpha Media is a diverse multimedia company sharing your favorite music, sports, and news across a variety of platforms. Alpha Media is an owner and operator of radio stations across the U.S. covering all formats. Alpha Media currently owns over 130 radio stations and remains active in the pursuit of additional acquisition targets. Alpha Media was founded in 2009 and is based in Portland, Oregon. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-01 |
Lit Communities
Arlington, Vermont, United States Lit Communities partners and advises local communities in building and operating fiber-based broadband network infrastructure. Lit Communities is based in Arlington, Vermont. |
Buy | - |
WaveDivision Capital is a private investment firm focused on the broadband industry. WaveDivision Capital was formed in 2003 and is headquartered in Kirkland, Washington.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Communications) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-27 |
Xplornet
Woodstock, New Brunswick, Canada Xplornet is a provider of broadband access to rural consumers across Canada using both 4G Wireless and two-way next-generation satellites. Xplornet has been providing innovative fixed and mobile broadband solutions to rural customers at work, home and plays across Canada. Xplornet offers voice and data communication services through its unique hybrid fiber wireless and satellite network that connects Canadians to what matters. Xplornet was founded in 2004 and is based in Woodstock, New Brunswick. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-21 |
Metronet Fiber
Evansville, Indiana, United States Metronet is a provider of fiber-optic internet, TV and phone service in more than 50 cities in Indiana, Illinois, and Kentucky. Metronet Fiber is providing cutting-edge fiber optic telecommunication services, including high-speed fiber internet, full-featured fiber phone, fiber IPTV with a wide variety of programming, and products. Metronet Fiber was founded in 2005 and is based in Evansville, Indiana. |
Buy | - |
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-29 |
STV
New York, New York, United States STV is a provider of architectural, engineering, planning, environmental, and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities. STV was founded in 1912 and is based in New York City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-01 |
Lit Communities
Arlington, Vermont, United States Lit Communities partners and advises local communities in building and operating fiber-based broadband network infrastructure. Lit Communities is based in Arlington, Vermont. |
Buy | - |
