M&A Deal Summary

Oak Hill Capital Acquires Wire 3

On January 4, 2024, private equity firm Oak Hill Capital acquired communications company Wire 3 from Guggenheim Partners

Acquisition Highlights
  • This is Oak Hill Capital’s 13th transaction in the Communications sector.
  • This is Oak Hill Capital’s 69th transaction in the United States.
  • This is Oak Hill Capital’s 5th transaction in Florida.

M&A Deal Summary

Date 2024-01-04
Target Wire 3
Sector Communications
Buyer(s) Oak Hill Capital
Sellers(s) Guggenheim Partners
Deal Type Divestiture
Advisor(s) Bank Street (Financial)
A&O Shearman (Legal)

Target

Wire 3

Daytona Beach, Florida, United States
Wire 3 is a fiber optic internet provider dedicated to delivering lightning-fast connectivity and exceptional customer service. Wire 3 is based in Daytona Beach, Florida.

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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 76 of 79
Sector: Communications M&A 13 of 15
Type: Divestiture M&A Deals 6 of 6
State: Florida M&A 5 of 5
Country: United States M&A 69 of 72
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Petauri Health

Nashville, Tennessee, United States

Petauri Health is a purpose-built pharmaceutical commercialization services platform. Petauri Health was founded in 2023 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Safe Fleet

Belton, Missouri, United States

Safe Fleet is a provider of safety solutions for fleet vehicles. Safe Fleet owns a portfolio of brands that help its customers improve the safety and efficiency of their fleets, their operators, passengers and pedestrians. Safe Fleet was founded in 2013 and is based in Belton, Missouri.

Sell -

Seller(S) 1

SELLER

Guggenheim Partners

New York, New York, United States

Category Company
Founded 1999
Sector Financial Services
DESCRIPTION

Guggenheim Partners is a global investment and advisory firm with more than $220 billion* in assets under management.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Florida M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 PolyVision

Johns Creek, Georgia, United States

PolyVision is a manufacturer of CeramicSteel (the substrate used in the manufacture of whiteboards and other writing surfaces), finished writing surfaces, and architectural cladding for use in the education, healthcare, commercial office, and transit end-markets. PolyVision was founded in 1954 and is based in Johns Creek, Georgia.

Buy -