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Investment Summary

Paine Schwartz Partners Invests In Alaska Communications

On May 1, 1999, private equity firm Paine Schwartz Partners invested in communications company Alaska Communications

Investment Highlights
  • This is Paine Schwartz Partners’ 1st transaction in the Communications sector.
  • This is Paine Schwartz Partners’ 2nd transaction in the United States.
  • This is Paine Schwartz Partners’ 1st transaction in Alaska.
Investment Fate
  • Alaska Communications went public in 1999.
  • Alaska Communications was sold to a strategic buyer in 2021.

Investment Summary
Date 1999-05-01
Target Alaska Communications
Sector Communications
Investor(s) Paine Schwartz Partners
Deal Type Stake Purchase

Target

Alaska Communications

Anchorage, Alaska, United States
Alaska Communications is a fiber broadband and managed information technology services provider, focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers throughout the state. ACS' facilities-based communications network extends throughout Alaska and connects to the contiguous states via two diverse undersea fiber optic cable systems and usage rights on a third undersea system. ACS' network is among the most expansive in Alaska and forms the foundation of service to customers. Alaska Communications was formed in 1998 and is based in Anchorage, Alaska.

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Investor(S) 1

Investor

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.

DEAL STATS #
Overall 2 of 46
Sector: Communications M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 6
State: Alaska M&A 1 of 1
Country: United States M&A 2 of 29
Year: 1999 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-17 Byram Healthcare Centers

White Plains, New York, United States

Byram Healthcare Centers, Inc. is a domestic distributor of medical supplies sold directly to patients and home health agencies. Byram Healthcare Centers, Inc. was established in 1968 and is headquartered in White Plains, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-01 Maxxim Medical

Clearwater, Florida, United States

Maxxim Medical, Inc. is a developer, manufacturer and marketer of specialty medical products for hospitals.

Buy $570M
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