M&A Deal Summary

Northleaf Capital Partners Acquires Mercury Broadband

On November 8, 2022, asset manager Northleaf Capital Partners acquired communications company Mercury Broadband

Acquisition Highlights
  • This is Northleaf Capital Partners’ 3rd transaction in the Communications sector.
  • This is Northleaf Capital Partners’ 11th transaction in the United States.
  • This is Northleaf Capital Partners’ 1st transaction in Missouri.

M&A Deal Summary
Date 2022-11-08
Target Mercury Broadband
Sector Communications
Buyer(s) Northleaf Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Truist Securities (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target

Mercury Broadband

Kansas City, Missouri, United States
Mercury Broadband is a provider of high-speed Internet and digital phone services for homes and businesses across select rural markets in the Midwest. Mercury Broadband was founded in 2007 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Northleaf Capital Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2009
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northleaf Capital Partners is an asset management firm focused on private equity, private credit, and infrastructure investment opportunities. The Firm's private equity group looks to make fund, secondary, as well as direct investments. Within its direct investing practice, Northleaf will consider a variety of middle-market investment situations including growth capital financings, successions, consolidations, and other special situations. Northleaf Capital Partners was established in 2009 and is based in Toronto, Ontario.

DEAL STATS #
Overall 21 of 24
Sector (Communications) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (Missouri) 1 of 1
Country (United States) 11 of 13
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 Fortysouth

Auckland, New Zealand

Fortysouth builds and manage the mobile network, the digital motorway, to enable telecommunications companies to deliver advanced connectivity and transformative technologies to everyone. Fortysouth is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Provident

Concord, Ontario, Canada

Provident is a provider of Energy Services Company (ESCO) in the greater Toronto area. Provident specializes in the multi-residential market with an emphasis on high rise condominiums. Provident was founded in 1985 and is based in Concord, Ontario.

Buy -
Mergr

Product

Company

Legal