M&A Deal Summary

Oak Hill Capital Acquires GoNetspeed

On July 27, 2020, private equity firm Oak Hill Capital acquired communications company GoNetspeed for 106M USD

Acquisition Highlights
  • This is Oak Hill Capital’s 7th transaction in the Communications sector.
  • This is Oak Hill Capital’s 17th largest (disclosed) transaction.
  • This is Oak Hill Capital’s 56th transaction in the United States.
  • This is Oak Hill Capital’s 6th transaction in New York.

M&A Deal Summary
Date 2020-07-27
Target GoNetspeed
Sector Communications
Buyer(s) Oak Hill Capital
Deal Type Going Private
Deal Value 106M USD
Advisor(s) Lazard Ltd. (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

GoNetspeed

Rochester, New York, United States
GoNetspeed is a full service telecommunications provider, offering a wide array of communication services. The company’s services include local and long distance telephone, digital high-speed data lines, transport services, network access, cable television and other related services. GoNetspeed was founded in 1998 and is based in Rochester, New York.

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Buyer(S) 1

Buyer

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.

DEAL STATS #
Overall 63 of 76
Sector (Communications) 7 of 13
Type (Going Private) 3 of 3
State (New York) 6 of 7
Country (United States) 56 of 69
Year (2020) 2 of 3
Size (of disclosed) 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-19 EPIC Insurance Brokers & Consultants

San Francisco, California, United States

EPIC Insurance Brokers & Consultants is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC's expertise across key lines of insurance, including risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services. EPIC Insurance Brokers & Consultants was founded in 2007 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Bluepeak

Sioux Falls, South Dakota, United States

Bluepeak is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Bluepeak was founded in 2014 and is based in Sioux Falls, South Dakota.

Sell -
Mergr

Product

Company

Legal