M&A Deal Summary

Lingo Management Acquires Impact Telecom

On July 12, 2018, Lingo Management acquired communications company Impact Telecom from Main Street Capital

Acquisition Highlights
  • This is Lingo Management’s 1st transaction in the Communications sector.
  • This is Lingo Management’s 1st transaction in the United States.
  • This is Lingo Management’s 1st transaction in Colorado.

M&A Deal Summary

Date 2018-07-12
Target Impact Telecom
Sector Communications
Buyer(s) Lingo Management
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition
Advisor(s) Paul Hastings
Morgan Lewis (Legal)

Target

Impact Telecom

Greenwood Village, Colorado, United States
Impact Telecom is a provider of commercial tele­communications services by delivering flexible and effective solu­tions to the marketplace. The company targets engage in complementary commercial telecommunications activities and operate a retail telecommunications business. Impact Telecom was formed in 2005 and is based in Greenwood Village, Colorado.

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Buyer(S) 1

Buyer

Lingo Management

United States

Category Company
Sector Communications
DESCRIPTION

Lingo Management LLC is a provider of IP-based voice and data services to small-to-medium sized businesses (SMB) and consumers in all 50 states.


DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 BullsEye

Southfield, Michigan, United States

BullsEye provides secured communications, powerful networks, and advanced technologies to thousands of business locations across the U.S. BullsEye offers a full suite of communications solutions, including SD-WAN, VoIP, Security, IoT, Internet, Managed Wi-Fi, and traditional phone service. BullsEye was founded in 1999 and is based in Southfield, Michigan.

Buy -

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 33 of 45
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 17 of 21
State (Colorado) 6 of 7
Country (United States) 33 of 45
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 Hydratec

Delano, California, United States

Hydratec is a full service irrigation company with a rich history of quality and customer service in central California. Company has major role in the advancement of micro-irrigation technology in the state of California. While Hydratec largely services tree and vine growers, there has been a significant increase in row crop customers due to a growing demand for drip irrigation systems. Hydratec services both small family farms and large corporate farming operations from the San Joaquin Valley to the east coast. Hydratec was founded in 1981 and is based in Delano, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Berry Aviation

San Marcos, Texas, United States

Berry Aviation is an operator of an aviation company, with a portfolio of services that includes government, private charter, scheduled and on-demand freight, component maintenance repair and overhaul, and fixed base operations. Berry Aviation was founded in 1983 and is based in San Marcos, Texas.

Sell -