M&A Deal Summary

Grain Management Acquires Spectrotel

On January 19, 2023, private equity firm Grain Management acquired communications company Spectrotel

Acquisition Highlights
  • This is Grain Management’s 10th transaction in the Communications sector.
  • This is Grain Management’s 11th transaction in the United States.
  • This is Grain Management’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-01-19
Target Spectrotel
Sector Communications
Buyer(s) Grain Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Citizens Capital Markets (Financial)
Wachtel Missry
Alston & Bird (Legal)

Target

Spectrotel

Neptune, New Jersey, United States
Spectrotel is a next-generation aggregator and leading integrated technology services provider. Spectrotel was founded in 1996 and is based in Neptune, New Jersey.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 12 of 14
Sector (Communications) 10 of 12
Type (Buyout (LBO, MBO, MBI)) 7 of 8
State (New Jersey) 1 of 1
Country (United States) 11 of 13
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 LightRiver

Concord, California, United States

LightRiver is a provider of optical, data, and switching products and services for cloud data centers, government, enterprise, and utility sectors. LightRiver was founded in 1998 and is based in Concord, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Quintillion

Anchorage, Alaska, United States

Quintillion is a private global communications corporation that built, owns, and operates a subsea and terrestrial high-speed fiber optic network that spans the Alaskan Arctic and connects to the Lower 48. The planned three-phase Quintillion subsea cable system will ultimately connect Asia to the American Pacific Northwest, and to Western Europe via the Northwest Passage and through the Alaskan and Canadian Arctic. Quintillion is based in Anchorage, Alaska.

Buy -
Mergr

Product

Company

Legal