M&A Deal Summary

National Grid Acquires ClearShot Communications

On October 2, 2006, National Grid acquired technology hardware company ClearShot Communications for 133M USD

Acquisition Highlights
  • This is National Grid’s 1st transaction in the Technology Hardware sector.
  • This is National Grid’s 4th largest (disclosed) transaction.
  • This is National Grid’s 2nd transaction in the United States.
  • This is National Grid’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2006-10-02
Target ClearShot Communications
Sector Technology Hardware
Buyer(s) National Grid
Deal Type Add-on Acquisition
Deal Value 133M USD

Target

ClearShot Communications

Malvern, Pennsylvania, United States
ClearShot Communications LLC is a wireless communications tower developer.

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Buyer(S) 1

Buyer

National Grid

London, United Kingdom
Category Company
Founded 1990
Sector Energy Services and Equipment
Employees31,425
Revenue 19.9B GBP (2024)
DESCRIPTION

National Grid is an electricity and gas company that connects consumers to energy sources through its networks. National Grid was founded in 1990 and is based in London, the United Kingdom.

DEAL STATS #
Overall 2 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2006) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-31 North England Gas Distribution Network

United Kingdom

EG is one of the 8 major gas distribution networks in the United Kingdom. Its network extends south from the Scottish border to South Yorkshire, containing a mixture of large cities (Newcastle, Middlesborough, Leeds and Bradford) and a significant rural area including North Yorkshire and Cumbria. It comprises approximately 36,000 km of distribution gas mains, with a total gas demand of 94 TWh. The network serves a total population of 6.7 million.

Sell £1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-17 Lightower Fiber Networks

Boxborough, Massachusetts, United States

Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.

Sell -
Mergr

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