M&A Deal Summary

Everstream Acquires Great Lakes Comnet

On February 1, 2016, Everstream acquired communications company Great Lakes Comnet

Acquisition Highlights
  • This is Everstream’s 2nd transaction in the Communications sector.
  • This is Everstream’s 2nd transaction in the United States.
  • This is Everstream’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2016-02-01
Target Great Lakes Comnet
Sector Communications
Buyer(s) Everstream
Deal Type Add-on Acquisition

Target

Great Lakes Comnet

East Lansing, Michigan, United States
Great Lakes Comnet, Inc. is a fiber network operator and provider of network and cloud services.

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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 2 of 6
Sector (Communications) 2 of 6
Type (Add-on Acquisition) 2 of 4
State (Michigan) 2 of 4
Country (United States) 2 of 6
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Comlink

East Lansing, Michigan, United States

Comlink is a fiber optic network and delivers network, cloud, data, and voice services to enterprises and carriers, helping create customized, efficient connectivity solutions optimized for specific business needs of customers.

Buy -
FOLLOWING 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 -
Mergr

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