Divestiture • Communications

Nuvera Acquires Scott-Rice Telephone Co.

On February 23, 2018, Nuvera acquired communications company Scott-Rice Telephone Co. from Allstream for 42M USD

Acquisition Context
  • This is Nuvera’s 2nd transaction in the Communications sector.
  • This is Nuvera’s largest (disclosed) transaction.
  • This is Nuvera’s 2nd transaction in the United States.
  • This is Nuvera’s 2nd transaction in Minnesota.

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M&A Deal Summary

Date February 23, 2018
Target Scott-Rice Telephone Co.
Sector Communications
Buyer(s) Nuvera
Sellers(s) Allstream
Deal Type Divestiture
Deal Value 42M USD

Target Company

Scott-Rice Telephone Co.

Prior Lake, Minnesota, United States
Scott-Rice Telephone Co. is a provider of phone, video and internet services with over 18,000 connections. Scott-Rice Telephone Co. was established in 1998 and is based in Prior Lake, Minnesota.
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Buyer Overview 1

Buyer

Nuvera

New Ulm, Minnesota, United States

Category Company
Founded 1905
Sector Communications
Employees218
Revenue 69M USD (2024)
DESCRIPTION

Nuvera is a telecommunication company that provides communication solutions for both homes and businesses. Nuvera was founded in 1905 and is based in New Ulm, Minnesota.


Deal Context for Buyer #
Overall 2 of 2
Sector: Communications 2 of 2
Type: Divestiture 1 of 1
State: Minnesota 2 of 2
Country: United States 2 of 2
Year: 2018 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-11 Hutchinson Telephone Co.

Hutchinson, Minnesota, United States

Hutchinson Telephone Co. is a provider of telecommunications services. Hutchinson Telephone Co. is based in Hutchinson, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 FiberComm

Sioux City, Iowa, United States

FiberComm utilizes state-of-the-art technology for all of its services. The company's network is based on fiber optics technology in combination with traditional copper facilities and licensed true non-line-of-site wireless broadband. In addition, It is constantly researching emerging technologies such as VoIP (Voice over Internet Protocol), IPTV (Internet Protocol Television), just to name a few, in order to stay on the leading edge of the telecommunications industry. FiberComm was forme din 1997 and is based in Sioux City, Iowa.

Sell -

Seller Profile 1

SELLER

Allstream

Winnipeg, Manitoba, Canada

Category Company
Founded 1980
Sector Communications
Employees3,488
Revenue 600M CAD (2014)
DESCRIPTION

Allstream is a provider of IP communications and the only national provider that works exclusively with business customers. Supported by its more than 30,000-kilometre nationwide high-performance fibre-optic network, Allstream’s communications technologies and services include a range of innovative, highly-scalable IP, Cloud and Security solutions that help organizations communicate more efficiently and profitably.


Deal Context for Seller #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
State: Minnesota 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Scott-Rice Telephone Co.

Prior Lake, Minnesota, United States

Scott-Rice Telephone Co. is a provider of phone, video and internet services with over 18,000 connections. Scott-Rice Telephone Co. was established in 1998 and is based in Prior Lake, Minnesota.

Buy -