M&A Deal Summary

Nelnet Acquires Allo Communications

On November 16, 2015, Nelnet acquired communications company Allo Communications for 46M USD

Acquisition Highlights
  • This is Nelnet’s 1st transaction in the Communications sector.
  • This is Nelnet’s 2nd largest (disclosed) transaction.
  • This is Nelnet’s 4th transaction in the United States.
  • This is Nelnet’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2015-11-16
Target Allo Communications
Sector Communications
Buyer(s) Nelnet
Deal Type Add-on Acquisition
Deal Value 46M USD

Target

Allo Communications

Imperial, Nebraska, United States
Allo Communications LLC is a telecommunications company offering broadband, internet, telephone, and television to residents and businesses in Nebraska cities.

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Buyer(S) 1

Buyer

Nelnet

Lincoln, Nebraska, United States
Category Company
Founded 1977
Sector Financial Services
Employees7,550
Revenue 1.0B USD (2023)
DESCRIPTION

Nelnet focuses on delivering education-related products and services and student loan asset management. Nelnet earns interest income on a portfolio of federally insured student loans. The Company also makes investments to further diversify from its core education-related businesses. Nelnet was founded in 1977 and is based in Lincoln, Nebraska.

DEAL STATS #
Overall 4 of 7
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Nebraska) 1 of 1
Country (United States) 4 of 7
Year (2015) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-26 CUnet

Paramus, New Jersey, United States

CUnet LLC is a performance-based educational marketing and managed services company.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 Peterson s

Denver, Colorado, United States

Peterson’s is a diversified data, learning, and publishing company focused on post-secondary education. The company provides a suite of online test preparation services, higher education research and books to consumers, enterprise, government and libraries. Peterson’s employs a team of 60 educators, data scientists, and technologists. Included in the Peterson's family of products are EssayEdge and Dean Vaughn Books. Peterson’s was founded in 1966 and is based in Denver, Colorado

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