M&A Deal Summary

Cable ONE Acquires Rural Broadband Investments

On January 18, 2017, Cable ONE acquired communications company Rural Broadband Investments from GTCR for 735M USD

Acquisition Highlights
  • This is Cable ONE’s 2nd transaction in the Communications sector.
  • This is Cable ONE’s 3rd largest (disclosed) transaction.
  • This is Cable ONE’s 2nd transaction in the United States.
  • This is Cable ONE’s 1st transaction in Kansas.

M&A Deal Summary
Date 2017-01-18
Target Rural Broadband Investments
Sector Communications
Buyer(s) Cable ONE
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 735M USD
Advisor(s) SunTrust Robinson Humphrey, Inc.
Waller Capital Partners LLC
Garrett Investment Advisors LLC (Financial)
Kirkland & Ellis (Legal)

Target

Rural Broadband Investments

Overland Park, Kansas, United States
Rural Broadband Investments acquires and invests in rural-focused cable systems serving residential and commercial customers in small- to middle-sized markets and rural geographies.

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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 2 of 6
Sector (Communications) 2 of 6
Type (Add-on Acquisition) 2 of 5
State (Kansas) 1 of 1
Country (United States) 2 of 6
Year (2017) 2 of 2
Size (of disclosed) 3 of 4
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
2018-11-12 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.

Buy -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 61 of 84
Sector (Communications) 4 of 6
Type (Add-on Acquisition) 34 of 40
State (Kansas) 1 of 1
Country (United States) 59 of 81
Year (2017) 3 of 6
Size (of disclosed) 16 of 33
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.

Sell $735M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Ceba-Tech

St. Louis, Missouri, United States

Ceba-Tech acquires companies and assets in specialty chemicals, materials and ingredients industry. Ceba-Tech was formed in 2017 and is based in St. Louis, Missouri.

Buy -
Mergr

Product

Company

Legal