M&A Deal Summary

Diamond Communications Acquires Southeast Towers

On August 13, 2007, Diamond Communications acquired communications company Southeast Towers from Seaport Capital

Acquisition Highlights
  • This is Diamond Communications’ 1st transaction in the Communications sector.
  • This is Diamond Communications’ 1st transaction in the United States.
  • This is Diamond Communications’ 1st transaction in Georgia.

M&A Deal Summary

Date 2007-08-13
Target Southeast Towers
Sector Communications
Buyer(s) Diamond Communications
Sellers(s) Seaport Capital
Deal Type Add-on Acquisition

Target

Southeast Towers

Atlanta, Georgia, United States
Southeast Towers LLC develops, acquires and operates communications towers in Georgia, Florida, North Carolina, South Carolina and Tennessee.

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Buyer(S) 1

Buyer

Diamond Communications

Alhambra, California, United States

Category Company
Founded 1980
Sector Engineering
DESCRIPTION

Diamond Communications, Inc. is a provider of an engineering and installation of professional and broadcast video systems to the entertainment industry.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 9 of 31
Sector: Communications M&A 4 of 8
Type: Add-on Acquisition M&A Deals 6 of 19
State: Georgia M&A 1 of 2
Country: United States M&A 9 of 29
Year: 2007 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-14 Switch & Data Facilities Co.

Tampa, Florida, United States

Switch & Data Facilities Co. is a provider of data centers that house, power and interconnect the Internet with sites in the US and Canada. Switch & Data Facilities Co. is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-15 Reserve Holdings

Louisiana, United States

Reserve Holdings, Inc. offers local and long distance telephone service, cable television and high speed Internet access throughout St. John Parish through a modern HFC network.

Sell -