M&A Deal Summary

Chart Capital Partners Acquires WMS

On October 17, 2022, private equity firm Chart Capital Partners acquired communications company WMS from AT&T

Acquisition Highlights
  • This is Chart Capital Partners’ 3rd transaction in the Communications sector.
  • This is Chart Capital Partners’ 8th transaction in the United States.
  • This is Chart Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2022-10-17
Target WMS
Sector Communications
Buyer(s) Chart Capital Partners
Sellers(s) AT&T
Deal Type Divestiture

Target

WMS

Miramar, Florida, United States
WMS is a provider of maritime cellular networks, supporting the cruise, ferry, yacht and shipping industries worldwide. WMS was founded in 2005 and is headquartered in Miramar, Florida.

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Buyer(S) 1

DESCRIPTION

Chart Capital Partners is a private equity firm that invests in smaller middle-market companies through management buyouts, recapitalization and structured growth equity investments. Chart targets profitable, growth-oriented companies and enterprise value of $15 to $250 million. The Firm will consider opportunities throughout North America and looks to invest $10 to $50 million per transaction. Sectors of interest include energy services, food/beverage, communications, and niche manufacturing. Chart Capital seeks companies with revenue between $15 to $100 million. Chart Capital Partners was founded in 1995 and is based in New York City.


DEAL STATS #
Overall 8 of 8
Sector: Communications M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 2 of 2
Country: United States M&A 8 of 8
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Knight Sky

Frederick, Maryland, United States

Knight Sky provides a full range of satellite and wireless services to enable reliable and scalable global broadband IP connectivity to the military, federal agencies, state and local governments, and commercial and non-profit organizations. Knight Sky was founded in 2003 and is based in Frederick, Maryland.

Sell -

Seller(S) 1

SELLER

AT&T

Dallas, Texas, United States

Category Company
Founded 1983
Sector Communications
Employees140,990
Revenue 122.3B USD (2024)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T was founded in 1983 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 23 of 24
Sector: Communications M&A 10 of 11
Type: Divestiture M&A Deals 19 of 20
State: Florida M&A 1 of 1
Country: United States M&A 20 of 21
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 WarnerMedia

New York, New York, United States

WarnerMedia is a media and entertainment company. WarnerMedia consists of Turner, Home Box Office, and Warner Bros. Turner consists principally of cable networks and digital media properties. Home Box Office consists principally of premium pay television services domestically and premium pay and basic tier television services internationally. Warner Bros. consists principally of feature film, television, home video and videogame production and distribution. WarnerMedia was formerly known as Time Warner was established in 1985. The Company is headquartered in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 AST SpaceMobile

Midland, Texas, United States

AST SpaceMobile is a builder of a global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile was founded in 2017 and is based in Midland, Texas.

Buy -