M&A Deal Summary

Pamlico Capital and Oak Hill Capital Acquire Bluepeak

On October 7, 2014, private equity firms Pamlico Capital and Oak Hill Capital acquired communications company Bluepeak from WideOpenWest

Acquisition Highlights
  • This is Pamlico Capital’s 8th and Oak Hill Capital’s 5th transaction in the Communications sector.
  • This is Pamlico Capital’s 46th and Oak Hill Capital’s 42nd transaction in the United States.
  • This is Pamlico Capital’s 1st and Oak Hill Capital’s 1st transaction in South Dakota.
Investment Fate
  • Bluepeak was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2014-10-07
Target Bluepeak
Sector Communications
Buyer(s) Pamlico Capital
Oak Hill Capital
Sellers(s) WideOpenWest
Deal Type Divestiture

Target

Bluepeak

Sioux Falls, South Dakota, United States
Bluepeak is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Bluepeak was founded in 2014 and is based in Sioux Falls, South Dakota.

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Buyer(S) 2

Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 48 of 87
Sector: Communications M&A 8 of 11
Type: Divestiture M&A Deals 2 of 2
State: South Dakota M&A 1 of 1
Country: United States M&A 46 of 82
Year: 2014 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-22 DayNine Consulting

Pleasanton, California, United States

DayNine Consulting, Inc. is a workday consulting and implementation partner, assisting enterprise clients with the deployment and optimization of the Workday human capital management, payroll, financial management, and recruiting SaaS solutions. DayNine serves clients across a wide range of industries including consumer goods, healthcare providers, pharmaceuticals, financial services, and communications, media and technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 Express Energy Services

Houston, Texas, United States

Express Energy Services is a provider of rental equipment and services to the oil and gas industry. Express Energy Services was founded in 2000 and is based in Houston, Texas.

Sell -
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 49 of 79
Sector: Communications M&A 5 of 15
Type: Divestiture M&A Deals 5 of 6
State: South Dakota M&A 1 of 1
Country: United States M&A 42 of 72
Year: 2014 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-06 Berlin Packaging

Chicago, Illinois, United States

Berlin Packaging is a supplier of custom and stock rigid packaging and related solutions to large and small customers nationwide in end markets such as food and beverage, household/personal care, healthcare, and chemicals. Berlin Packaging was founded in 1898 and is based in Chicago, Illinois.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 Firth Rixson

Sheffield, United Kingdom

Firth Rixson Ltd. is a supplier of highly engineered rings, industrial forgings and specialized metal products primarily to aerospace engine manufacturers, headquartered in East Hartford, Connecticut and Sheffield, England.

Sell $2.9B

Seller(S) 1

SELLER

WideOpenWest

Englewood, Colorado, United States

Category Company
Founded 2001
Sector Communications
Employees1,320
Revenue 631M USD (2024)
DESCRIPTION

WideOpenWest is a provider of high-speed Internet, cable TV, and phone serving communities in the U.S. WOW's operating philosophy is to deliver an employee and customer experience that lives up to its name. WideOpenWest was founded in 2001 and is based in Englewood, Colorado.


DEAL STATS #
Overall 1 of 5
Sector: Communications M&A 1 of 5
Type: Divestiture M&A Deals 1 of 5
State: South Dakota M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 Bluemile

Columbus, Ohio, United States

Bluemile, Inc. is a data center, cloud and fiber assets of cloud service provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 NuLink Digital

Newnan, Georgia, United States

NuLink Digital is a telecommunications provider of Cable TV, High Speed Internet and Phone service.

Buy -