M&A Deal Summary

Charter Communications Acquires Avalon Cable Television

On May 17, 1999, Charter Communications acquired communications company Avalon Cable Television from ABRY Partners for 845M USD

Acquisition Highlights
  • This is Charter Communications’ 1st transaction in the Communications sector.
  • This is Charter Communications’ 4th largest (disclosed) transaction.
  • This is Charter Communications’ 1st transaction in the United States.
  • This is Charter Communications’ 1st transaction in New Jersey.

M&A Deal Summary

Date 1999-05-17
Target Avalon Cable Television
Sector Communications
Buyer(s) Charter Communications
Sellers(s) ABRY Partners
Deal Type Add-on Acquisition
Deal Value 845M USD

Target

Avalon Cable Television

Princeton, New Jersey, United States
Avalon Cable Television serves the Michigan municipalities surrounding Grand Rapids, Traverse City, Lapeer, and Monroe with cable television services.

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Buyer(S) 1

Buyer

Charter Communications

Stamford, Connecticut, United States

Category Company
Founded 1993
Sector Communications
Employees101,100
Revenue 54.6B USD (2023)
DESCRIPTION
Charter Communications' corporate headquarters in Stamford, Connecticut.
Charter Communications' corporate headquarters in Stamford, Connecticut.

Charter Communications is a broadband communications company. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet® access, and Charter Spectrum Voice. Charter Communications was incorporated in 1993 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 12
Sector (Communications) 1 of 7
Type (Add-on Acquisition) 1 of 7
State (New Jersey) 1 of 1
Country (United States) 1 of 12
Year (1999) 1 of 4
Size (of disclosed) 4 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-20 Vista Broadband Communications

Smyrna, Georgia, United States

Vista Broadband Holdings, LLC is a cable television system operator in surburban Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 103
Sector (Communications) 1 of 15
Type (Add-on Acquisition) 2 of 53
State (New Jersey) 1 of 9
Country (United States) 2 of 88
Year (1999) 1 of 1
Size (of disclosed) 12 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-01 Archives One

Boston, Massachusetts, United States

ArchivesOne, Inc. provider of records and information management services in the United States. The Company’s primary service offering is the storage of boxed hardcopy records. The Company also provides storage of electronic media and other customer material as well as certain complementary services. ArchivesOne provides these services to generally small and midsize clients in document intensive industries through its records storage centers in 17 metropolitan markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-01 Commerce Connect Media

Fort Atkinson, Wisconsin, United States

Commerce Connect Media is a diversified business-to-business media company and leading independent publisher of controlled circulation trade and business magazines.

Buy -