M&A Deal Summary

Cherry Creek Broadcasting Acquires Commonwealth Communications

On October 17, 2003, Cherry Creek Broadcasting acquired communications company Commonwealth Communications from Alta Equity Partners

Acquisition Highlights
  • This is Cherry Creek Broadcasting’s 1st transaction in the Communications sector.
  • This is Cherry Creek Broadcasting’s 1st transaction in the United States.
  • This is Cherry Creek Broadcasting’s 1st transaction in Arizona.

M&A Deal Summary
Date 2003-10-17
Target Commonwealth Communications
Sector Communications
Buyer(s) Cherry Creek Broadcasting
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition

Target

Commonwealth Communications

Sierra Vista, Arizona, United States
Commonwealth Communications was a radio broadcasting company formed with a mandate of building strong radio clusters in small to mid-size markets across the United States.

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Buyer(S) 1

Buyer

Cherry Creek Broadcasting

Denver, Colorado, United States
Category Company
Sector Media
DESCRIPTION

Cherry Creek Broadcasting Provides media services.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1

Seller(S) 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.

DEAL STATS #
Overall 24 of 45
Sector (Communications) 15 of 20
Type (Add-on Acquisition) 22 of 36
State (Arizona) 1 of 1
Country (United States) 23 of 43
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-16 AmeriVault

Baton Rouge, Louisiana, United States

AmeriVault provides online data backup services to companies worldwide. AmeriVault offers highly reliable, automated backup and recovery services that assure fast and accurate restoration following data loss or destruction. As a result, AmeriVault's technology-driven solution delivers an entirely new business model for the traditional offsite data storage and protection industry.

Buy $1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Healthy Advice Networks

Cincinnati, Ohio, United States

Healthy Advice Networks is a provider of place-based healthcare education media. The company creates and operates advertiser-supported patient education programs in healthcare facilities throughout the U.S. These programs currently include wall-mounted displays located in exam rooms that hold patient education brochures and digital screens located in waiting rooms that broadcast educational information. Healthy Advice Networks is based in Cincinnati, Ohio.

Buy -
Mergr

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