M&A Deal Summary

GTT Acquires Hibernia Networks

On November 9, 2016, GTT acquired communications company Hibernia Networks for 590M USD

Acquisition Highlights
  • This is GTT’s 5th transaction in the Communications sector.
  • This is GTT’s 2nd largest (disclosed) transaction.
  • This is GTT’s 6th transaction in the United States.
  • This is GTT’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2016-11-09
Target Hibernia Networks
Sector Communications
Buyer(s) GTT
Deal Type Add-on Acquisition
Deal Value 590M USD
Advisor(s) Bank Street (Financial)

Target

Hibernia Networks

Summit, New Jersey, United States
Hibernia Networks LLC is an operator of a global network connecting North America, Europe and Asia. Hibernia offers over 170 network Points of Presence (PoPs) on over 24,000 kilometers of fiber.

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Buyer(S) 1

Buyer

GTT

McLean, Virginia, United States
Category Company
Founded 2005
Sector Communications
Employees3,100
Revenue 1.7B USD (2019)
DESCRIPTION

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.

DEAL STATS #
Overall 6 of 14
Sector (Communications) 5 of 12
Type (Add-on Acquisition) 4 of 11
State (New Jersey) 1 of 1
Country (United States) 6 of 10
Year (2016) 2 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-08 Telnes Broadband

Everett, Washington, United States

Telnes Broadband is a privately held internet & managed network services provider.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Perseus

New York, New York, United States

Perseus is a provider of managed services for high-precision, high-speed, high-performance applications. With clients spanning the Financial, Media, eCommerce and iGaming sectors, Perseus offers a fully-managed suite of services across the trade lifecycle as well as many of the world’s fastest Market-to-Market routes.

Buy $38M
Mergr

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