M&A Deal Summary

Goldman Sachs Asset Management Acquires ImOn

On February 17, 2022, Goldman Sachs Asset Management acquired communications company ImOn

Acquisition Highlights
  • This is Goldman Sachs Asset Management’s 2nd transaction in the Communications sector.
  • This is Goldman Sachs Asset Management’s 9th transaction in the United States.
  • This is Goldman Sachs Asset Management’s 1st transaction in Iowa.

M&A Deal Summary

Date 2022-02-17
Target ImOn
Sector Communications
Buyer(s) Goldman Sachs Asset Management
Deal Type Add-on Acquisition
Advisor(s) Bank Street (Financial)
Morgan Lewis (Legal)

Target

ImOn

Cedar Rapids, Iowa, United States
ImOn Communications is a provider of data and voice services, internet, cable TV, and phone services to clients. The company provides area businesses with advanced communication solutions to help organizations meet their business objectives and keep their business connected locally and beyond. Its dedicated 10-gigabit fiber business network provides companies with access to a comprehensive portfolio of advanced data and voice services to help them improve productivity and drive their business. ImOn Communications was formed in 2007 and is based in Cedar Rapids, Iowa.

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Buyer(S) 1

Buyer

Goldman Sachs Asset Management

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

Goldman Sachs Asset Management (dba GSAM) is the asset management arm of The Goldman Sachs Group. GSAM offers advisory services to individuals and institutional clients around the world from offices in the US, Europe, and Asia.


DEAL STATS #
Overall 11 of 23
Sector: Communications M&A 2 of 3
Type: Add-on Acquisition M&A Deals 4 of 11
State: Iowa M&A 1 of 1
Country: United States M&A 9 of 19
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Caldic

Rotterdam, Netherlands

Caldic is a global provider of value-added life sciences and specialty chemicals solutions with the ambition to be a true partner to its customers and principals. Caldic's product portfolio includes innovative food ingredients, natural products, and functional solutions for a variety of life sciences and industrial end-market segments. Caldic was founded in 1970 and is based in Rotterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 NextCapital

Chicago, Illinois, United States

NextCapital is an enterprise digital advice company that provides financial solutions to the market in an effort to help everyone retire successfully. The company partners with financial institutions to deliver configurable solutions tailored to the needs of investors and the goals of partners. It works with partners to personalize planning and managed accounts, customize methodology and fiduciary roles, and in some instances serve as the 3(38) investment managers for discretionary, plan participant advice. Their clients include asset managers and plan sponsors across the United States as well as partnerships with recordkeepers. NextCapital is based in Chicago, Illinois.

Buy -