M&A Deal Summary

Cox Communications Acquires Segra - Commercial Enterprise & Carrier Business

On April 27, 2021, Cox Communications acquired communications company Segra - Commercial Enterprise & Carrier Business from Segra

Acquisition Highlights
  • This is Cox Communications’ 2nd transaction in the Communications sector.
  • This is Cox Communications’ 9th transaction in the United States.
  • This is Cox Communications’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2021-04-27
Target Segra - Commercial Enterprise & Carrier Business
Sector Communications
Buyer(s) Cox Communications
Sellers(s) Segra
Deal Type Divestiture

Target

Segra - Commercial Enterprise & Carrier Business

Waynesboro, Virginia, United States
Segra's Commercial Enterprise & Carrier Business fiber-based provider serving commercial enterprise and carrier customers in nine states in the Mid-Atlantic and Southeast. The company's dense metropolitan fiber network provides enhanced technology solutions and a commitment to a superior customer experience.

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Buyer(S) 1

Buyer

Cox Communications

Atlanta, Georgia, United States

Category Company
Founded 1964
Sector Media
Employees22,530
DESCRIPTION

Cox Communications is a broadband communications and entertainment company, providing advanced digital video, Internet and telephone services over its own nationwide IP network. The third-largest U.S. cable TV company, Cox serves approximately 6 million residences and businesses. Cox Business is a facilities-based provider of voice, video and data solutions for commercial customers, and Cox Media is a full-service provider of national and local cable spot and new media advertising.


DEAL STATS #
Overall 9 of 11
Sector (Communications) 2 of 3
Type (Divestiture) 4 of 4
State (Virginia) 2 of 2
Country (United States) 9 of 11
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 RapidScale

Irvine, California, United States

RapidScale, Inc. is a hybrid managed cloud services provider that delivers secure and reliable cloud solutions to businesses of all sizes. RapidScale is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 LogicWorks

New York, New York, United States

LogicWorks is a cloud automation and managed services provider. Through its Managed Hosting, Private Cloud, and InfiniCloudTM dynamic compute services, Logicworks offers its diverse client base unmatched access to technology expertise. LogicWorks was founded in 1993 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Segra

Charlotte, North Carolina, United States

Category Company
Sector Communications
Revenue 204M USD (2015)
DESCRIPTION

Segra is a provider of mission-critical connectivity solutions over a fiber-based network. Representing a successful combination of Lumos Networks and Spirit Communications. Segra provides Ethernet, MPLS, dark fiber, advanced data center services, IP and managed services, voice and cloud solutions, all backed by its industry-leading service and reliability. Segra is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 North State Telecommunications

High Point, North Carolina, United States

North State Telecommunications Corp. provides homes and businesses with Gigabit speeds on a fiber optic network that includes TV, Internet and communication services.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Everstream - All-Fiber Network

St. Louis, Missouri, United States

Everstream's All-Fiber Network delivers a business-only fiber network with the speed, reliability, scale, and performance that today's enterprises demand. Everstream's All-Fiber Network is based in St. Louis, Missouri.

Buy -