Add-on Acquisition • Communications

OTT Communications Acquires Mid-Maine Communications

On July 5, 2006, OTT Communications acquired communications company Mid-Maine Communications from Alta Equity Partners

Acquisition Context
  • This is OTT Communications’ 1st transaction in the Communications sector.
  • This is OTT Communications’ 1st transaction in Maine.

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M&A Deal Summary

Date July 5, 2006
Target Mid-Maine Communications
Sector Communications
Buyer(s) OTT Communications
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition

Target Company

Mid-Maine Communications

Bangor, Maine,
Mid-Maine Communications (MMC) is a full service telecommunications company with offices in Bangor and Portland, ME. MMC offers residential local exchange service to areas around Bangor and provides business customers local, long distance and data services throughout Maine. MMC is the second largest provider of dial-up internet services to residential and business customers in the state, in addition to providing data transport on its own OC-48 fiber network.
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Buyer Overview 1

Buyer

OTT Communications

Bangor, Maine, United States

Category Company
Sector Communications
DESCRIPTION

OTT Communications is a division of Otelco Inc., based in Alabama. Otelco provides affordable, reliable and integrated telecommunication services to homes, businesses, institutions and municipalities in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Add-on Acquisition 1 of 1
State: Maine 1 of 1
Country: 1 of 1
Year: 2006 1 of 1

Seller Profile 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


Deal Context for Seller #
Overall 27 of 45
Sector: Communications 16 of 20
Type: Add-on Acquisition 24 of 36
State: Maine 1 of 1
Country: 1 of 1
Year: 2006 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 TV Station Group

New York, New York, United States

TV Station Group is a television broadcasting company formed in 2000 through a partnership between Alta Communications, Boston Ventures and George Lilly to purchase three CBS affiliates: Johnstown, PA, Binghamton, NY, and Charleston, WV.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Jumpstart Automotive Group

San Francisco, California, United States

Jumpstart Automotive Group partners with leading web publishers to create the Internet's largest and highest quality community of car shoppers. Jumpstart's targeted reach and innovative marketing programs help automotive manufacturers and dealers improve their advertising results and help web publishers achieve a maximum return on their audience. Jumpstart counts every automotive manufacturer and more than one thousand automotive dealers as customers. Key partners include NADAguides, Vehix, Consumer Guide Automotive, J.D. Power Autos, Google, Yahoo, and eBay.

Buy -