M&A Deal Summary

Grain Management Acquires Y-COM

On August 19, 2021, private equity firm Grain Management acquired communications company Y-COM from Cotton Creek Capital

Acquisition Highlights
  • This is Grain Management’s 8th transaction in the Communications sector.
  • This is Grain Management’s 8th transaction in the United States.
  • This is Grain Management’s 2nd transaction in Florida.

M&A Deal Summary
Date 2021-08-19
Target Y-COM
Sector Communications
Buyer(s) Grain Management
Sellers(s) Cotton Creek Capital
Deal Type Secondary Buyout
Advisor(s) Stephens Investment Banking
Fifth Third Securities, Inc. (Financial)

Target

Y-COM

Melbourne, Florida, United States
Y-COM is a provider of infrastructure services to the telecommunications and utility industries in the Southeast. The company is a family-owned and operated business providing mission-critical solutions to leading telecommunications and utility providers. Y-COM specializes in underground and aerial construction, directional boring, fiber installation, and emergency maintenance and response. It has developed a reputation for the superior quality of service, timely performance, and business integrity resulting in a loyal base of customers that are leaders in their sectors. Y-COM was formed in 1972 and is based in

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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 9 of 14
Sector (Communications) 8 of 12
Type (Secondary Buyout) 1 of 3
State (Florida) 2 of 3
Country (United States) 8 of 13
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Conexao Group

Sao Paulo, Brazil

Conexao Group provides broadband services using primarily fiber-to-the-home technology to over 450,000 homes and 20,000 business customers throughout six states in Brazil in the Northeast (Rio Grande do Norte, Paraiba, Ceara, and Bahia) and Southeast (Sao Paulo and Minas Gerais). The company operates multiple brands including, CABO, Multiplay, Conexao, Outcenter, StarWeb among others. Conexao Group provides superior customer experience and decades worth of cutting edge technology in providing broadband connectivity, subscription TV, telephone services, and IT Corporate Services. Its owned infrastructure spans over 13,500 kilometers (approximately 8,400 fiber route miles) of fiber optic and high-tier HFC networks, reaching over 1.4 million customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Phoenix Tower International

Boca Raton, Florida, United States

Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites throughout Latin America and the United States. Phoenix Tower International was founded in 2013 and is based in Boca Raton, Florida.

Buy -

Seller(S) 1

SELLER

Cotton Creek Capital

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Cotton Creek Capital is a private equity firm focused on lower middle-market company investments. The Firm has a special interest in businesses facing an inflection point and could benefit from capital and expertise. Cotton Creek will consider opportunities throughout the US, although the Firm has a preference for businesses in the Southwest. Sectors of interest include manufacturing, infrastructure, chemicals, waste services, food/beverages, transportation, business services, consumer products, value-added distribution, healthcare, building products, and industrial services. Cotton Creek Capital is based in Austin, Texas.

DEAL STATS #
Overall 4 of 6
Sector (Communications) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Florida) 1 of 1
Country (United States) 4 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Landpoint

Fort Worth, Texas, United States

Landpoint is a registered land surveyors and engineers providing nation-wide coverage for projects of all sizes. Landpoint’s core service offering includes land surveying, aerial data collection, 3D laser scanning, and geographic information systems. The Company serves a range of market sectors including energy, industrial, commercial, and utility, with notable strengths in serving large-scale, linear utility projects, including midstream oil & gas, electric transmission and distribution, water conveyance, and fiber optic networks. Landpoint was founded in 1985 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Coal City Cob

Waxahachie, Illinois, United States

Coal City Cob provides liquid bulk transportation services to the chemical and hazardous waste industries through its network of nine terminals, including a centrally located 27-acre facility in Waxahachie integrating rail-to-truck transfer, fleet maintenance, and tank wash capabilities. Coal City Cob was formed in 1970 and is based in Waxahachie, Illinois.

Sell -
Mergr

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