M&A Deal Summary

Nextel Communications Acquires Chadmoore Wireless Group

On February 1, 2002, Nextel Communications acquired media company Chadmoore Wireless Group

Acquisition Highlights
  • This is Nextel Communications’ 1st transaction in the Media sector.
  • This is Nextel Communications’ 2nd transaction in the United States.
  • This is Nextel Communications’ 1st transaction in Nevada.

M&A Deal Summary

Date 2002-02-01
Target Chadmoore Wireless Group
Sector Media
Buyer(s) Nextel Communications
Deal Type Add-on Acquisition
Advisor(s) SSG Capital Advisors (Financial)

Target

Chadmoore Wireless Group

Las Vegas, Nevada, United States
Chadmoore Wireless Group, Inc. holds frequencies in the 800 megahertz band for commercial specialized mobile radio service in the United State.

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Buyer(S) 1

Buyer

Nextel Communications

Reston, Virginia, United States

Category Company
Founded 1987
Sector Communications
Employees19,000
DESCRIPTION

Nextel Communications, Inc. is a provider of wireless personal communications and digital dispatch services using enhanced specialized mobile radio technology.


DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-04-29 Powerfone Holdings

Detroit, Michigan, United States

Powerfone Holdings, Inc. provides mobile radio communications services. The company is based in Detroit, Michigan.

Buy $370M