M&A Deal Summary

Everstream Acquires DataBank Holdings - LightBound fiber/CLEC Assets

On October 1, 2019, Everstream acquired communications company DataBank Holdings - LightBound fiber/CLEC Assets from DataBank

Acquisition Highlights
  • This is Everstream’s 4th transaction in the Communications sector.
  • This is Everstream’s 4th transaction in the United States.
  • This is Everstream’s 1st transaction in Indiana.

M&A Deal Summary

Date 2019-10-01
Target DataBank Holdings - LightBound fiber/CLEC Assets
Sector Communications
Buyer(s) Everstream
Sellers(s) DataBank
Deal Type Divestiture

Target

DataBank Holdings - LightBound fiber/CLEC Assets

Indianapolis, Indiana, United States
DataBank Holdings Ltd. - LightBound fiber/CLEC Assets compromises a 200-plus-mile Indianapolis-based fiber network.

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Buyer(S) 1

Buyer

Everstream

Cleveland, Ohio, United States

Category Company
Founded 2012
Sector Communications
DESCRIPTION

Everstream is a super-regional network service provider bringing fiber-based Ethernet, internet and data center solutions to businesses throughout the Midwest. We are the Business Fiber Network. We focus on delivering best-in-class network solutions while providing an unrivaled commitment to customer service. With more than 10,000 route miles and comprehensive data center connectivity at 100 Gigabit speed, we provide the fastest network in our service areas. Everstream’s network allows businesses to operate a converged IP network capable of delivering robust voice, video, and data services at speeds from 10 Mbps to 100 Gbps. Everstream was founded in 2012 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 4 of 6
Sector (Communications) 4 of 6
Type (Divestiture) 1 of 2
State (Indiana) 1 of 1
Country (United States) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Lynx Network Group

Kalamazoo, Michigan, United States

Lynx Network Group LLC is a provider of bandwidth infrastructure services. Lynx employs direct sales and agent channels to sell the newest technologies in voice and data services and operates as a niche provider of wholesale intrastate data services to major wireless and fiber based carriers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Rocket Fiber

Detroit, Michigan, United States

Rocket Fiber LLC is a Michigan-based company that delivers multi-gigabit internet and connectivity solutions for businesses and residences. Rocket Fiber's core mission is to transform the way clients create, collaborate and communicate. Rocket Fiber's portfolio of services includes managed network services, data, and cloud, voice, and dedicated internet, all of which are backed by award-winning, white-glove client service, and a state-of-the-art 24/7/365 Network Operations Center.

Buy -

Seller(S) 1

SELLER

DataBank

Dallas, Texas, United States

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

DataBank is a provider of an enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications, and infrastructure. DataBank’s managed data center services are anchored in world-class facilities. DataBank’s customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 PivotData - data warehouse and compliance reporting solutions

Pittsburgh, Pennsylvania, United States

PivotData LLC - data warehouse and compliance reporting solutions provide clients with a reliable, cost-effective and timely regulatory reporting solution.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Zayo Group Holdings - zColo Data Center Assets

Boulder, Colorado, United States

Zayo Group Holdings, Inc. - zColo Data Center Assets includes 44 data centers including 13 key interconnect locations across 23 markets in the U.S. and Europe.

Buy -