M&A Deal Summary

Dobson Communications Acquires Sygnet Wireless

On December 30, 1998, Dobson Communications acquired communications company Sygnet Wireless from Catalyst Investors

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

M&A Deal Summary

Date 1998-12-30
Target Sygnet Wireless
Sector Communications
Buyer(s) Dobson Communications
Sellers(s) Catalyst Investors
Deal Type Add-on Acquisition

Target

Sygnet Wireless

Canfield, Ohio, United States
Sygnet Wireless, Inc. is a operator of cellular systems in Ohio, Pennsylvania and western New York.

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Buyer(S) 1

Buyer

Dobson Communications

Oklahoma City, Oklahoma, United States

Category Company
Founded 1936
Sector Communications
Employees2,500
DESCRIPTION

Dobson Communications Corp. is a communications provider in rural and suburban areas of Alaska, Arizona, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, Missouri, New York, Ohio, Oklahoma, Pennsylvania, Texas, Virginia, West Virginia and Wisconsin.


DEAL STATS #
Overall 1 of 2
Sector: Communications M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 2
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-26 American Cellular corp.

Franklin, Tennessee, United States

American Cellular was one of the largest independent rural cellular telephone system operators in the U.S. The Company owned and operated non-wireline FCC-licensed cellular telephone systems primarily in rural areas of the Midwestern and Eastern portions of the U.S. American Cellular was acquired by a joint venture between AT&T and Dobson.

Buy $2.4B

Seller(S) 1

SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 4 of 40
Sector: Communications M&A 2 of 12
Type: Add-on Acquisition M&A Deals 1 of 19
State: Ohio M&A 1 of 2
Country: United States M&A 4 of 38
Year: 1998 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 Prime Communications

Washington, District of Columbia, United States

Prime Communications LLC is a provider of high quality, low cost VoIP (Voice over Internet Protocol) services for residential & business use.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 TeleCorp Wireless

Arlington, Virginia, United States

TeleCorp Wireless, Inc. provides digital wireless personal communications services to a licensed service area.

Sell -