M&A Deal Summary

Cosmos Broadcasting Acquires Civic Communications

On June 19, 2000, Cosmos Broadcasting acquired communications company Civic Communications from Alta Equity Partners

Acquisition Highlights
  • This is Cosmos Broadcasting’s 1st transaction in the Communications sector.
  • This is Cosmos Broadcasting’s 1st transaction in the United States.
  • This is Cosmos Broadcasting’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2000-06-19
Target Civic Communications
Sector Communications
Buyer(s) Cosmos Broadcasting
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition

Target

Civic Communications

Jackson, Massachusetts, United States
Civic Communications was a television broadcasting company which owned and operated the NBC affiliate stations in Jackson, MS and the ABC affiliates in Tyler and Lufkin, TX.

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Buyer(S) 1

Buyer

Cosmos Broadcasting

Greenville, South Carolina, United States

Category Company
Founded 1939
Sector Media
DESCRIPTION

Cosmos Broadcasting Corp. operates subsidiary CableVantage Inc and Take Ten Productions.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 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 17 of 45
Sector: Communications M&A 11 of 20
Type: Add-on Acquisition M&A Deals 15 of 36
State: Massachusetts M&A 2 of 3
Country: United States M&A 16 of 43
Year: 2000 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Arrival Communications

Bakersfield, California, United States

Arrival is a profitable facilities-based competitive local exchange carrier, offering a full array of integrated communications services to business customers. Arrival targets business customers in underserved markets throughout Central California, a fast-growing region characterized by a large concentration of small and medium-sized enterprises.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-18 Grant Television

Fort Lauderdale, Florida, United States

Alta was the founding investor in Grant Television, a company formed by veteran television entrepreneur Milt Grant to finance the purchase and commercial start-up of WNYO-TV, Channel 49, in Buffalo (WB affiliation).

Sell -