M&A Deal Summary |
|
|---|---|
| Date | 2010-09-13 |
| Target | Cavalier Telephone |
| Sector | Communications |
| Buyer(s) | PAETEC Holdings |
| Sellers(s) |
Ridgemont Equity Partners
Five Points Capital M/C Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 460M USD |
| Advisor(s) | Evercore Group (Financial) Edwards Wildman Palmer LLP (Legal) |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Communications |
| Employees | 4,639 |
PAETEC Holdings is an integrated communications provider offering local, domestic and international long distance services, high speed Internet access, eCommerce and other data services to medium and large sized businesses, colleges and universities, hospitals, governmental organizations and affinity groups throughout the United States.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Communications) | 4 of 4 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-12 |
Allworx
East Rochester, New York, United States Allworx Corp is comprised of two divisions. The Allworx Product division develops award winning, phone & network systems for small-to-medium sized businesses through a network of Authorized Resellers. The product line includes the Allworx 6x, 10x and 24x systems and Allworx 9112 and 9102 phones along with a series of software options. By combining the advanced features of today’s VoIP systems with the key system features SMBs have grown to rely on, Allworx systems are ideal replacements for the millions of aging (TDM) PBX and key phone systems in use today. Allworx Corp’s second division, the Allworx Consulting division, delivers elite software and digital hardware engineering services to both large and small companies who want to enhance and compliment their research and product development capabilities. |
Buy | $25M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 91 |
| Sector (Communications) | 5 of 9 |
| Type (Add-on Acquisition) | 21 of 36 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 38 of 80 |
| Year (2010) | 4 of 8 |
| Size (of disclosed) | 16 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-31 |
Unite Private Networks
Kansas City, Missouri, United States Unite Private Networks provides high-bandwidth, fiber-based communications networks and related services to schools, governments, carriers, data centers, hospitals, and enterprise business customers throughout the United States. Service offerings include dark and lit fiber, private line, metro-optical Ethernet, Internet access, data center services, and other customized solutions. Unite Private Networks was founded in 1998 and is based in Kansas City, Missouri. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-27 |
Veroxity Technology Partners
Bedford, Massachusetts, United States Veroxity Technology Partners, Inc. provides optical data and Internet protocol connectivity solutions to service enterprise customers. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 58 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 24 |
| State (Virginia) | 1 of 7 |
| Country (United States) | 5 of 58 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-06 |
SpecialtyCare
Brentwood, Tennessee, United States SpecialtyCare is a provider of outsourced operating room services including perfusion and intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support. SpecialtyCare was founded in 2006 and is based in Brentwood, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-15 |
Thompson Industrial Services
Sumter, South Carolina, United States Thompson Industrial Services is a provider of comprehensive industrial cleaning services to a wide array of industrial market segments including pulp and paper, utilities, petrochemical and refining, steel, nuclear, rubber and tire, food processing, chemical, automotive, paint, and resin. Thompson was formed in 1986 and is based in Sumter, South Carolina. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 2.4B USD |
| Size | Large |
| Type | Sector Focused |
M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 31 |
| Sector (Communications) | 10 of 21 |
| Type (Add-on Acquisition) | 7 of 16 |
| State (Virginia) | 3 of 3 |
| Country (United States) | 11 of 26 |
| Year (2010) | 2 of 2 |
| Size (of disclosed) | 8 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-01 |
Fusepoint
Mississauga, Ontario, Canada Fusepoint, Inc. is an independent provider of managed IT and colocation services to enterprises in Canada. Fusepoint offers services that allow customers to outsource their mission-critical IT infrastructure and application requirements. |
Sell | $125M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-26 |
Attenda
Middlesex, United Kingdom Attenda Ltd. is a provider of managed services and cloud platform for business critical applications. |
Sell | £50M |
