M&A Deal Summary

GoNetspeed Acquires Mid-Missouri Telephone

On December 21, 2004, GoNetspeed acquired communications company Mid-Missouri Telephone from Seaport Capital

Acquisition Highlights
  • This is GoNetspeed’s 1st transaction in the Communications sector.
  • This is GoNetspeed’s 1st transaction in the United States.
  • This is GoNetspeed’s 1st transaction in Missouri.

M&A Deal Summary

Date 2004-12-21
Target Mid-Missouri Telephone
Sector Communications
Buyer(s) GoNetspeed
Sellers(s) Seaport Capital
Deal Type Add-on Acquisition

Target

Mid-Missouri Telephone

Pilot Grove, Missouri, United States
Mid-Missouri Telephone Co. offers cellular, cable TV, paging and Internet services.

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Buyer(S) 1

Buyer

GoNetspeed

Rochester, New York, United States

Category Company
Founded 1998
Sector Communications
Employees201
Revenue 62M USD (2019)
DESCRIPTION

GoNetspeed is a full service telecommunications provider, offering a wide array of communication services. The company’s services include local and long distance telephone, digital high-speed data lines, transport services, network access, cable television and other related services. GoNetspeed was founded in 1998 and is based in Rochester, New York.


DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Missouri) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-08 Country Road Communications

Morristown, New Jersey, United States

Country Road Communications is a rural wireline telecom provider delivering services to communities that lie outside of major metropolitan areas.

Buy -

Seller(S) 1

SELLER

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 4 of 31
Sector (Communications) 2 of 8
Type (Add-on Acquisition) 4 of 19
State (Missouri) 1 of 2
Country (United States) 4 of 29
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 VIRGO Publishing

Phoenix, Arizona, United States

VIRGO Publishing LLC is an integrated business to business information services company delivering trade shows and conferences, print and electronic media, education and training, and value-added business services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 MCV Broadband

Harmon, Guam

Marianas Cablevision is the cable television provider for Guam and the Commonwealth of the Northern Marianas Islands. The company also provides high-speed Internet access, pay-per-view and video on demand in its service territories.

Buy -