M&A Deal Summary

Madison Dearborn Partners Acquires Fastwyre Broadband

On December 21, 2020, private equity firm Madison Dearborn Partners acquired communications company Fastwyre Broadband

Acquisition Highlights
  • This is Madison Dearborn Partners’ 10th transaction in the Communications sector.
  • This is Madison Dearborn Partners’ 75th transaction in the United States.
  • This is Madison Dearborn Partners’ 2nd transaction in Louisiana.

M&A Deal Summary
Date 2020-12-21
Target Fastwyre Broadband
Sector Communications
Buyer(s) Madison Dearborn Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Seaport Global Securities LLC (Financial)

Target

Fastwyre Broadband

Sulphur, Louisiana, United States
Fastwyre Broadband provides broadband services for Rural America. Its operating telcos provide phone access lines, video and broadband service to customers in rural communities in Nebraska, Missouri, Alaska, Louisiana, and Texas. The Company's operating brands include American Broadband, Cameron Communications, and TelAlaska. Fastwyre Broadband is based in Sulphur, Louisiana.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 89 of 99
Sector (Communications) 10 of 10
Type (Buyout (LBO, MBO, MBI)) 28 of 31
State (Louisiana) 2 of 2
Country (United States) 75 of 85
Year (2020) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Specialty Building Products

Duluth, Georgia, United States

Specialty Building Products is a distributor of specialty residential building products and provider of critical logistics solutions for the complex building products supply chain. SBP has entrenched market positions across high-growth product categories including exterior siding and trim, composite decking and railing, moulding and millwork, interior finish and engineered wood. Specialty Building Products is based in Duluth, Georgia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Align Precision

Tempe, Arizona, United States

Align Precision is a producer of precision-machined components for manufacturers in the aerospace and defense, transformative technologies, and industrial markets. Align Precision pursues a customer-centric growth strategy focused on investing in its capabilities, capacity, and people to provide best-in-class service to customers in its specific end markets.

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