M&A Deal Summary

Pacific Telemanagement Services Acquires Payphone Business / Fairpoint Communications

On May 23, 2012, Pacific Telemanagement Services acquired communications company Payphone Business / Fairpoint Communications from Fairpoint Communications

Acquisition Highlights
  • This is Pacific Telemanagement Services’ 1st transaction in the Communications sector.
  • This is Pacific Telemanagement Services’ 1st transaction in the United States.
  • This is Pacific Telemanagement Services’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-05-23
Target Payphone Business / Fairpoint Communications
Sector Communications
Buyer(s) Pacific Telemanagement Services
Sellers(s) Fairpoint Communications
Deal Type Divestiture

Target

Payphone Business / Fairpoint Communications

North Carolina, United States
The Payphone business includes 4,000 pay phones in the northeastern part of the US.

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Buyer(S) 1

Buyer

Pacific Telemanagement Services

San Ramon, California, United States

Category Company
Founded 1986
Sector Communications
DESCRIPTION

Pacific Telemanagement Services is a provider of public payphone installations, repairs and maintenance services. In 1998, PTS significantly increased its national footprint by purchasing the assets of payphone service providers across the country and building valuable business relationships with prominent partners and clients that not only strengthened its foundation, but also lead PTS to become the largest public payphone provider in the United States with over 45,000 payphones in 48 states. The Company also provides Wifi services.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

Fairpoint Communications

Charlotte, North Carolina, United States

Category Company
Founded 1991
Sector Communications
Employees3,052
Revenue 859M USD (2015)
DESCRIPTION
Entrance to Fairpoint Communications' corporate headquarters in Charlotte, North Carolina.
Entrance to Fairpoint Communications' corporate headquarters in Charlotte, North Carolina.

Fairpoint Communications, Inc. is a provider of advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Fairpoint was formed in 1991 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Communication Technology

Falmouth, United Kingdom

Communication Technology, Inc. is a provider of communication services in UK.

Buy -