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M&A Deal Summary

ITC Holding Acquires Dragonfly

On January 1, 2023, private equity firm ITC Holding acquired communications company Dragonfly

Acquisition Highlights
  • This is ITC Holding’s 2nd transaction in the Communications sector.
  • This is ITC Holding’s 6th transaction in the United States.
  • This is ITC Holding’s 5th transaction in Georgia.

M&A Deal Summary
Date 2023-01-01
Target Dragonfly
Sector Communications
Buyer(s) ITC Holding
Deal Type Buyout (LBO, MBO, MBI)

Target

Dragonfly

West Point, Georgia, United States
Dragonfly is a new kind of Internet company, founded by broadband industry veterans who deeply value their community roots. Dragonfly want to help expand internet access in underserved areas while offering better pricing and connectivity options than ever before. Dragonfly was formed in 2023 and is based in West Point, Georgia.

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Buyer(S) 1

Buyer

ITC Holding

West Point, Georgia, United States

Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

ITC Holding Company is a diversified investment/holding firm focused on investing in Southeast US-based opportunities. ITC will consider investments in telecom, technology, financial services, transaction processing, and real estate. ITC Holding Company is based in West Point, Georgia.

DEAL STATS #
Overall 6 of 6
Sector: Communications M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Georgia M&A 5 of 5
Country: United States M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-24 Argo Contact Centers

West Point, Georgia, United States

Argo Contact Centers is an outsourced customer contact services provider. Argo Contact Centers was founded in 2003 and is based in West Point, Georgia.

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