M&A Deal Summary

GTCR Acquires Consumer Cellular

On October 28, 2020, private equity firm GTCR acquired communications company Consumer Cellular

Acquisition Highlights
  • This is GTCR’s 10th transaction in the Communications sector.
  • This is GTCR’s 111th transaction in the United States.
  • This is GTCR’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2020-10-28
Target Consumer Cellular
Sector Communications
Buyer(s) GTCR
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) BofA Securities (Financial)
Kell, Alterman & Runstein (Legal)

Target

Consumer Cellular

Portland, Oregon, United States
Consumer Cellular is a wireless carrier that provides no-contract cell phones and service plans primarily to those 50+. Founded 25 years ago on the belief that everyone should have affordable access to the safety and convenience of cellular service. Consumer Cellular was formed in 1995 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 115 of 143
Sector (Communications) 10 of 13
Type (Buyout (LBO, MBO, MBI)) 24 of 26
State (Oregon) 2 of 2
Country (United States) 111 of 138
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 Gogo

Broomfield, Colorado, United States

Gogo is an aero-communications service provider that offers in-flight Internet and voice connectivity solutions. Gogo was founded in 1991 and is based in Broomfield, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Maravai

San Diego, California, United States

Maravai’s mission is to build a transformative company in the in vitro diagnostics and life sciences tools markets by acquiring outstanding businesses in these spaces and accelerating their growth. Maravai was founded in 2020 and is based in San Diego, California.

Sell -
Mergr

Product

Company

Legal