M&A Deal Summary

Consolidated Communications Acquires SureWest Communications

On February 6, 2012, Consolidated Communications acquired communications company SureWest Communications for 535M USD

Acquisition Highlights
  • This is Consolidated Communications’ 2nd transaction in the Communications sector.
  • This is Consolidated Communications’ 2nd largest (disclosed) transaction.
  • This is Consolidated Communications’ 2nd transaction in the United States.
  • This is Consolidated Communications’ 1st transaction in California.

M&A Deal Summary
Date 2012-02-06
Target SureWest Communications
Sector Communications
Buyer(s) Consolidated Communications
Deal Type Add-on Acquisition
Deal Value 535M USD
Advisor(s) UBS Investment Bank (Financial)
Orrick (Legal)

Target

SureWest Communications

Roseville, California, United States
SureWest Communications is a telecommunications company provides data services include high-speed Internet access in US.

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Buyer(S) 1

Buyer

Consolidated Communications

Mattoon, Illinois, United States
Category Company
Founded 1894
Sector Communications
Employees3,180
Revenue 1.1B USD (2023)
DESCRIPTION

Consolidated Communications is an integrated communications services company that operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier dependent upon the territory served. Consolidated provides an array of services in consumer, commercial and carrier channels in 11 states, including local and long-distance service, high-speed broadband Internet access, video services, VoIP, custom calling features, private line services, carrier grade access services, network capacity services over our regional fiber optic networks, data center and managed services, directory publishing, equipment sales and cloud data services. The geographic areas the Company serves are characterized by a balanced mix of growing suburban areas and stable, rural territories. Consolidated Communications was incorporated in 1894 and is based in Mattoon, Illinois.

DEAL STATS #
Overall 2 of 6
Sector (Communications) 2 of 6
Type (Add-on Acquisition) 2 of 6
State (California) 1 of 1
Country (United States) 2 of 6
Year (2012) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-31 North Pittsburgh Systems

Gibsonia, Pennsylvania, United States

North Pittsburgh Systems, Inc. is a provider of telecommunication services.

Buy $363M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-16 Enventis

Mankato, Minnesota, United States

Enventis Corp. is a provider of communication services over its multi-state, fiber network spanning more than 4,200 route miles, including business data, voice, IP, managed and hosted services and equipment solutions.

Buy $350M
Mergr

Product

Company

Legal