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  6. Enventis Acquires IdeaOne Telecom Group

M&A Deal Summary

Enventis Acquires IdeaOne Telecom Group

On December 6, 2011, Enventis acquired communications company IdeaOne Telecom Group for 28M USD

Acquisition Highlights
  • This is Enventis’ 1st transaction in the Communications sector.
  • This is Enventis’ largest (disclosed) transaction.
  • This is Enventis’ 1st transaction in the United States.
  • This is Enventis’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2011-12-06
Target IdeaOne Telecom Group
Sector Communications
Buyer(s) Enventis
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

IdeaOne Telecom Group

Fargo, North Dakota, United States
IdeaOne Telecom Group, LLC is a Fargo, North Dakota facilities-based competitive local exchange carrier (CLEC) formed by members in 1998 to develop and operate a CLEC in the Fargo and West Fargo, North Dakota and Moorhead, Minnesota markets.

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Buyer(S) 1

Buyer

Enventis

Mankato, Minnesota, United States
Category Company
Founded 1898
Sector Communications
Employees500
Revenue 189M USD (2013)
DESCRIPTION

Enventis Corp. is a provider of communication services over its multi-state, fiber network spanning more than 4,200 route miles, including business data, voice, IP, managed and hosted services and equipment solutions.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-29 Collins Communications

Roseville, Minnesota, United States

Collins Communications is a provider of IP Telephony, call center management and data network solutions, primarily through Nortel hardware solutions.

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