M&A Deal Summary

Horizon Acquires Consolidated Cooperative - Commercial Fiber Business

On August 31, 2021, Horizon acquired communications company Consolidated Cooperative - Commercial Fiber Business from Consolidated Cooperative

Acquisition Highlights
  • This is Horizon’s 1st transaction in the Communications sector.
  • This is Horizon’s 2nd transaction in the United States.
  • This is Horizon’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-08-31
Target Consolidated Cooperative - Commercial Fiber Business
Sector Communications
Buyer(s) Horizon
Sellers(s) Consolidated Cooperative
Deal Type Divestiture

Target

Consolidated Cooperative - Commercial Fiber Business

Mount Gilead, Ohio, United States
Consolidated Cooperative's Commercial Fiber Business delivers ultra-high-speed broadband internet and data services with high levels of performance, availability, flexibility, and redundancy. Consolidated Cooperative's Commercial Fiber Business is based in Mount Gilead, Ohio.

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Buyer(S) 1

Buyer

Horizon

Columbus, Ohio, United States

Category Company
Founded 1895
Sector Communications
DESCRIPTION

Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Infinity Fiber

La Mirada, California, United States

Infinity Fiber is a fiber optic manufacturing facility that specializes in optical fiber cables designed for Military, Aerospace, Telecom, Broadcast, Electrical and any application that requires the use of optical fiber. Infinity Fiber was founded in 2006 and is based in La Mirada, California.

Buy -

Seller(S) 1

SELLER

Consolidated Cooperative

Mount Gilead, Ohio, United States

Category Company
Sector Utilities
DESCRIPTION

Consolidated Cooperative is a consumer-owned cooperative that provides electric, gas, and fiber services to more than 18,000 accounts in eight Central Ohio counties. Consolidated Cooperative is based in Mount Gilead, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1