M&A Deal Summary

Everstream Acquires Lynx Network Group

On December 2, 2016, Everstream acquired communications company Lynx Network Group

Acquisition Highlights
  • This is Everstream’s 3rd transaction in the Communications sector.
  • This is Everstream’s 3rd transaction in the United States.
  • This is Everstream’s 3rd transaction in Michigan.

M&A Deal Summary
Date 2016-12-02
Target Lynx Network Group
Sector Communications
Buyer(s) Everstream
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)

Target

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.

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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 3 of 6
Sector (Communications) 3 of 6
Type (Add-on Acquisition) 3 of 4
State (Michigan) 3 of 4
Country (United States) 3 of 6
Year (2016) 3 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
2019-10-01 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.

Buy -
Mergr

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