M&A Deal Summary

Knology Acquires PrairieWave Communications

On April 3, 2007, Knology acquired communications company PrairieWave Communications from Ridgemont Equity Partners and Alta Equity Partners for 225M USD

Acquisition Highlights
  • This is Knology’s 1st transaction in the Communications sector.
  • This is Knology’s largest (disclosed) transaction.
  • This is Knology’s 1st transaction in the United States.
  • This is Knology’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2007-04-03
Target PrairieWave Communications
Sector Communications
Buyer(s) Knology
Sellers(s) Ridgemont Equity Partners
Alta Equity Partners
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

PrairieWave Communications

Sioux Falls, South Dakota, United States
PrairieWave Communications, Inc., a broadband overbuilder, provides telecommunications services in rural South Dakota.

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Buyer(S) 1

Buyer

Knology

West Point, Georgia, United States
Category Company
Founded 1995
Sector Communications
DESCRIPTION

Knology operated a cable television network in the U.S.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 30 of 91
Sector (Communications) 2 of 9
Type (Add-on Acquisition) 16 of 36
State (South Dakota) 1 of 1
Country (United States) 27 of 80
Year (2007) 1 of 7
Size (of disclosed) 17 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-19 Terminix

Memphis, Tennessee, United States

Terminix is a provider of residential and commercial pest management. The Company provides pest management services and protection against termites, mosquitoes, rodents and other pests. Terminix is based in Memphis, Tennessee.

Buy $5.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-11 Rexel

Paris, France

Rexel is a distributor of electrical parts and supplies. The Company supplies customers involved in residential, commercial and industrial construction, maintenance and renovation and currently has a network of approximately 1,700 branches in 29 countries, providing over 1.2 million products and related services. Rexel was founded in 1967 and is based in Paris, France.

Sell -
SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.

DEAL STATS #
Overall 30 of 45
Sector (Communications) 19 of 20
Type (Add-on Acquisition) 27 of 36
State (South Dakota) 1 of 1
Country (United States) 28 of 43
Year (2007) 1 of 4
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Arrival Communications

Bakersfield, California, United States

Arrival is a profitable facilities-based competitive local exchange carrier, offering a full array of integrated communications services to business customers. Arrival targets business customers in underserved markets throughout Central California, a fast-growing region characterized by a large concentration of small and medium-sized enterprises.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-16 Jumpstart Automotive Group

San Francisco, California, United States

Jumpstart Automotive Group partners with leading web publishers to create the Internet's largest and highest quality community of car shoppers. Jumpstart's targeted reach and innovative marketing programs help automotive manufacturers and dealers improve their advertising results and help web publishers achieve a maximum return on their audience. Jumpstart counts every automotive manufacturer and more than one thousand automotive dealers as customers. Key partners include NADAguides, Vehix, Consumer Guide Automotive, J.D. Power Autos, Google, Yahoo, and eBay.

Sell -
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