M&A Deal Summary

ImOn Acquires FiberComm

On January 12, 2023, ImOn acquired communications company FiberComm from Nuvera

Acquisition Highlights
  • This is ImOn’s 1st transaction in the Communications sector.
  • This is ImOn’s 1st transaction in the United States.
  • This is ImOn’s 1st transaction in Iowa.

M&A Deal Summary
Date 2023-01-12
Target FiberComm
Sector Communications
Buyer(s) ImOn
Sellers(s) Nuvera
Deal Type Divestiture

Target

FiberComm

Sioux City, Iowa, United States
FiberComm utilizes state-of-the-art technology for all of its services. The company's network is based on fiber optics technology in combination with traditional copper facilities and licensed true non-line-of-site wireless broadband. In addition, It is constantly researching emerging technologies such as VoIP (Voice over Internet Protocol), IPTV (Internet Protocol Television), just to name a few, in order to stay on the leading edge of the telecommunications industry. FiberComm was forme din 1997 and is based in Sioux City, Iowa.

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Buyer(S) 1

Buyer

ImOn

Cedar Rapids, Iowa, United States
Category Company
Founded 2007
Sector Communications
DESCRIPTION

ImOn Communications is a provider of data and voice services, internet, cable TV, and phone services to clients. The company provides area businesses with advanced communication solutions to help organizations meet their business objectives and keep their business connected locally and beyond. Its dedicated 10-gigabit fiber business network provides companies with access to a comprehensive portfolio of advanced data and voice services to help them improve productivity and drive their business. ImOn Communications was formed in 2007 and is based in Cedar Rapids, Iowa.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Nuvera

New Ulm, Minnesota, United States
Category Company
Founded 1905
Sector Communications
Employees214
Revenue 66M USD (2023)
DESCRIPTION

Nuvera is a telecommunication company that provides communication solutions for both homes and businesses. Nuvera was founded in 1905 and is based in New Ulm, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 Scott-Rice Telephone

Prior Lake, Minnesota, United States

Scott-Rice Telephone Co. is a provider of phone, video and internet services with over 18,000 connections. Scott-Rice Telephone Co. was established in 1998 and is based in Prior Lake, Minnesota.

Buy $42M
Mergr

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