M&A Deal Summary

Global Tower Partners Acquires TCP Communications

On March 3, 2006, Global Tower Partners acquired communications company TCP Communications from Catalyst Investors and Halyard Capital

Acquisition Highlights
  • This is Global Tower Partners’ 1st transaction in the Communications sector.
  • This is Global Tower Partners’ 2nd transaction in the United States.
  • This is Global Tower Partners’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2006-03-03
Target TCP Communications
Sector Communications
Buyer(s) Global Tower Partners
Sellers(s) Catalyst Investors
Halyard Capital
Deal Type Add-on Acquisition

Target

TCP Communications

Beverly, Massachusetts, United States
TCP Communications LLC owned communications towers for wireless service providers.

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Buyer(S) 1

Buyer

Global Tower Partners

Boca Raton, Florida, United States

Category Company
Sector Communications
DESCRIPTION

Global Tower operates wireless communication towers.Global Tower Management, LLC (d/b/a Global Tower Partners, "GTP") is a leading operator of communications towers and related wireless infrastructure. Including the acquisition of Dobson Communication's tower assets, the company owns approximately 1,125 towers and manages over 3,000 rooftop sites.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-28 Mesa Communications Group

Falls Church, Virginia, United States

Mesa Communications Group LLC is a developer of communications tower clusters in New England, the Mid-Atlantic, Southeast, Southwest, and Midwest regions of the United States.

Buy -

Seller(S) 2

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 17 of 40
Sector: Communications M&A 8 of 12
Type: Add-on Acquisition M&A Deals 7 of 19
State: Massachusetts M&A 1 of 2
Country: United States M&A 17 of 38
Year: 2006 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Codero.com

Overland Park, Kansas, United States

Codero is a managed and dedicated hosting services company headquartered in Overland Park, KS.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 Advantage Business Marketing

Rockaway, New Jersey, United States

Advantage Business Marketing is a full-service digital marketing and information services company that provides publishing information to innovators at science, design engineering and manufacturing companies discover and procure new technologies that give them a competitive advantage. Advantage Business Marketing was founded in 2006 and is based in Rockaway, New Jersey.

Buy -
SELLER

Halyard Capital

Sarasota, Florida, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Halyard Capital is a private equity firm that focuses exclusively on the tech-enabled business and information services, digital marketing/data analytics, IT cyber security, and IT infrastructure and communications industries. Halyard looks to commit between $10 and $40 million of equity per transaction in companies valued up to $250 million. Investments are typically made to help support leveraged buyouts, growth equity, and other structured investments. Halyard will consider both control and non-control investment situations and prefers North American and European-based opportunities. Halyard Capital was formed in 2000 and is based in Sarasota, Florida.


DEAL STATS #
Overall 7 of 28
Sector: Communications M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 16
State: Massachusetts M&A 1 of 4
Country: United States M&A 7 of 28
Year: 2006 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-15 Stella Rising

New York, New York, United States

Stella Rising is a media strategy, planning and buying company to emerging and established brands in the fashion, beauty, health, food and beverage industries. Stella Rising was established in 1982 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-06 Herald Media

Boston, Massachusetts, United States

Herald Media is the most powerful advertising and news medium in eastern Massachusetts. For readers, Herald Media's online and print publications offer strong, grassroots journalism written, photographed and edited by people whose foundations are within the communities they serve.

Sell $230M