M&A Deal Summary

DigitalBridge Group Acquires Aptum Technologies

On February 27, 2019, infrastructure investor DigitalBridge Group acquired information technology company Aptum Technologies from Cogeco Communications for 720M CAD

Acquisition Highlights
  • This is DigitalBridge Group’s 4th transaction in the Information Technology sector.
  • This is DigitalBridge Group’s 6th largest (disclosed) transaction.
  • This is DigitalBridge Group’s 1st transaction in Canada.
  • This is DigitalBridge Group’s 1st transaction in Ontario.

M&A Deal Summary

Date 2019-02-27
Target Aptum Technologies
Sector Information Technology
Buyer(s) DigitalBridge Group
Sellers(s) Cogeco Communications
Deal Type Divestiture
Deal Value 720M CAD

Target

Aptum Technologies

Toronto, Ontario, Canada
Aptum Technologies is a provider of outsourced internet infrastructure in the form of colocation and related managed services to enterprise customers in the US, and to a lesser extent, in Canada. Aptum Technologies was founded in 1996 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer
DESCRIPTION
DigitalBridge's headquarters in Boca Raton, Florida.
DigitalBridge's headquarters in Boca Raton, Florida.

DigitalBridge Group is a global digital infrastructure investment firm. The Firm looks to acquire a variety of assets and operating businesses spanning cell towers, data centers, fiber, small cells, and edge infrastructure. DigitalBridge is headquartered in Boca Raton, Florida.


DEAL STATS #
Overall 8 of 23
Sector: Information Technology M&A 4 of 6
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2019 M&A 1 of 4
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 Digita

Helsinki, Finland

Digita is an independent tower operator with nationwide portfolios in Finland and Iceland. Digita was founded in 1999 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Buy $14.3B

Seller(S) 1

SELLER

Cogeco Communications

Montreal, Quebec, Canada

Category Company
Founded 1957
Sector Communications
Employees3,740
Revenue 3.0B CAD (2024)
DESCRIPTION

Cogeco Communications is a telecommunications corporation and is the second largest hybrid fibre coaxial cable system operator in Ontario and Québec. Cogeco Communications was incorporated in 1957 and is based in Montreal, Canada.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Nümedia

Montréal, Quebec, Canada

Nümedia provides intelligent media solutions to its client by enabling in-venue music, experiences, communication, engagement, and activation.

Sell $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 DERYtelecom

Saguenay, Quebec, Canada

DERYtelecom offers Internet, television, and telephony services to approximately 100,000 customers in over 200 municipalities across several regions in Quebec, including Estrie, Lanaudière, Montérégie, and the Laurentians.

Buy $405M