M&A Deal Summary

Grain Management Acquires Great Plains Communications

On June 19, 2018, private equity firm Grain Management acquired communications company Great Plains Communications

Acquisition Highlights
  • This is Grain Management’s 2nd transaction in the Communications sector.
  • This is Grain Management’s 2nd transaction in the United States.
  • This is Grain Management’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2018-06-19
Target Great Plains Communications
Sector Communications
Buyer(s) Grain Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) UBS Investment Bank (Financial)
Morgan Lewis
Kutak Rock
Woods & Aitken LLP (Legal)

Target

Great Plains Communications

Blair, Nebraska, United States
Great Plains Communications, Inc. is the largest privately-owned telecommunications provider in Nebraska, delivering high speed Internet, cable television, and voice services to over 90 communities across the state. The company also prides itself on their progressive approach to accommodating the unique needs of all regional and national telecommunications carriers, LECs, ISPs, wireless carriers and other service providers utilizing superior engineering and custom build strategies. At the core of its service offering is an extensive 9,500-mile regional fiber network including over 300 fiber miles in the Omaha Metro area. The network extends beyond Nebraska into Colorado, Illinois, Iowa, Kansas, Minnesota, South Dakota, and Wyoming offering community access rings, last-mile, and middle-mile solutions, all fully supported by their 24x7x365 Network Operations Center.

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Buyer(S) 1

Buyer

Grain Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Grain Management LLC is a private equity firm focused on the communications sector. The Firm looks to acquire assets and companies valued from $20 to $150 million and will consider opportunities throughout North America. Specific areas of interest include fiber, spectrum, cell towers, and other communications assets. Grain Management LLC was established in 2007 and is headquartered in Washington, DC.

DEAL STATS #
Overall 2 of 14
Sector (Communications) 2 of 12
Type (Buyout (LBO, MBO, MBI)) 1 of 8
State (Nebraska) 1 of 1
Country (United States) 2 of 13
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 WANRack

Lenexa, Kansas, United States

WANRack provides private fiber optic WAN solutions for K-12 school districts throughout the United States. Service offerings include E-Rate compliant lit fiber, dark fiber, and special construction solutions. WANRack was founded in 2005 and is based in Lenexa, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Ritter Communications

Jonesboro, Arkansas, United States

Ritter Communications is a regional provider of internet, phone, video services, and cloud solutions to business, residential and wholesale customers in the Mid-South region of the U.S. Ritter Communications was founded year 1906 and is based in Jonesboro, Arkansas.

Buy -
Mergr

Product

Company

Legal