M&A Deal Summary

InstarAGF Asset Management Acquires LS Networks

On April 1, 2021, asset manager InstarAGF Asset Management acquired communications company LS Networks

Acquisition Highlights
  • This is InstarAGF Asset Management’s 1st transaction in the Communications sector.
  • This is InstarAGF Asset Management’s 4th transaction in the United States.
  • This is InstarAGF Asset Management’s 1st transaction in Oregon.

M&A Deal Summary
Date 2021-04-01
Target LS Networks
Sector Communications
Buyer(s) InstarAGF Asset Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

LS Networks

Portland, Oregon, United States
LS Networks is a provider of local exchange and interexchange carrier. LS Networks was founded in 2005 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

InstarAGF Asset Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

InstarAGF Asset Management, Inc. is an independent alternative asset management firm focused on the North American middle-market companies. Prospective transaction types include management buyouts and growth financings. Sectors of interest include business services, infrastructure, real estate, and utilities. InstarAGF was formed in 2014 and is based in Toronto, Ontario.

DEAL STATS #
Overall 8 of 10
Sector (Communications) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Oregon) 1 of 1
Country (United States) 4 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 PRT

Victoria, British Columbia, Canada

PRT is the producer of container-grown forest seedlings in North America. Forest seedlings are used to replant forests after timber is harvested. The company has the capacity to custom grow more than 180 million seedlings per year at 13 nurseries located in Canada and the United States. It also provides a variety of ancillary services to support the reforestation needs of its customers. PRT was founded in 1988 and is based in Victoria, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Windmill Farms

Ashburn, Ontario, Canada

Windmill Farms operates of farms specializing in the production of mushrooms. Windmill Farms is based in Ashburn, Ontario.

Buy -
Mergr

Product

Company

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