Add-on Acquisition • Communications

Cox Communications Acquires Unite Private Networks

On May 16, 2023, Cox Communications acquired communications company Unite Private Networks from Ridgemont Equity Partners

Acquisition Context
  • This is Cox Communications’ 3rd transaction in the Communications sector.
  • This is Cox Communications’ 11th transaction in the United States.
  • This is Cox Communications’ 1st transaction in Missouri.

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M&A Deal Summary

Date May 16, 2023
Target Unite Private Networks
Sector Communications
Buyer(s) Cox Communications
Sellers(s) Ridgemont Equity Partners
Deal Type Add-on Acquisition

Target Company

Unite Private Networks

Kansas City, Missouri, United States
Unite Private Networks provides high-bandwidth, fiber-based communications networks and related services to schools, governments, carriers, data centers, hospitals, and enterprise business customers throughout the United States. Service offerings include dark and lit fiber, private line, metro-optical Ethernet, Internet access, data center services, and other customized solutions. Unite Private Networks was founded in 1998 and is based in Kansas City, Missouri.
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Buyer Overview 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 Context for Buyer #
Overall 11 of 11
Sector: Communications 3 of 3
Type: Add-on Acquisition 6 of 6
State: Missouri 1 of 1
Country: United States 11 of 11
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 Trapollo

Herndon, Vermont, United States

Trapollo is an end-to-end connected health solution provider with a mission of helping extend care outside the walls of traditional healthcare settings and meeting patients/members where they are in their day-to-day lives. It has deep expertise in building, deploying, and scaling remote care programs for providers and payers across the United States through innovative software solutions, devices, logistics, and support services. Trapollo was formed in 2010 and is based in Sterling, Vermont.

Sell -

Seller Profile 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


Deal Context for Seller #
Overall 90 of 94
Sector: Communications 9 of 9
Type: Add-on Acquisition 35 of 36
State: Missouri 2 of 2
Country: United States 79 of 83
Year: 2023 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Whistler Pipeline

United States

Whistler Pipeline is an core energy infrastructure system connecting the Permian Basin’s growing natural gas supply to LNG, Mexico, and Gulf Coast demand. Whistler Pipeline is based in United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Omni Logistics

Coppell, Texas, United States

Omni Logistics is a provider of global third-party logistics services, including freight forwarding, eCommerce fulfillment, and other value-added supply chain services. Omni Logistics was founded in 2000 and is based in Coppell, Texas.

Sell $150M