M&A Deal Summary

Rogers Communications Acquires Pivot Data Centres

On September 23, 2013, Rogers Communications acquired information technology company Pivot Data Centres from Sverica for 155M CAD

Acquisition Highlights
  • This is Rogers Communications’ 2nd transaction in the Information Technology sector.
  • This is Rogers Communications’ 6th largest (disclosed) transaction.
  • This is Rogers Communications’ 12th transaction in Canada.
  • This is Rogers Communications’ 2nd transaction in Alberta.

M&A Deal Summary

Date 2013-09-23
Target Pivot Data Centres
Sector Information Technology
Buyer(s) Rogers Communications
Sellers(s) Sverica
Deal Type Add-on Acquisition
Deal Value 155M CAD
Advisor(s) Signal Hill Capital Group LLC (Financial)

Target

Pivot Data Centres

Calgary, Alberta, Canada
Pivot Data Centres, Inc. is a provider of data center solutions in Western Canada, specializing in colocation as well as data center design, maintenance, and relocation.

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Buyer(S) 1

Buyer

Rogers Communications

Toronto, Ontario, Canada

Category Company
Founded 1960
Sector Communications
Employees26,000
Revenue 19.3B CAD (2023)
DESCRIPTION

Rogers Communications is a diversified canadian communications and media company. It is a provider of wireless voice and data communications services and one of Canada's providers of cable television, high speed Internet and telephony services. Rogers Communications was incorporated in 1960 and is based in Toronto, Ontario.


DEAL STATS #
Overall 12 of 16
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 9 of 12
State (Alberta) 2 of 3
Country (Canada) 12 of 16
Year (2013) 4 of 4
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-23 Granite Networks

Ottawa, Ontario, Canada

Granite Networks, Inc. is a provider of flexible collocation, managed services and cloud hosting services to business and government clients in Eastern Ontario and Western Quebec. T

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Internetworking Atlantic

Halifax, New Brunswick, Canada

Internetworking Atlantic, Inc. is a provider of an enhanced technology solutions and services for businesses and public sector clients in Atlantic Canada.

Buy -

Seller(S) 1

SELLER

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $150 million. Sverica looks to commit $15 to $50 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.


DEAL STATS #
Overall 6 of 28
Sector (Information Technology) 1 of 6
Type (Add-on Acquisition) 3 of 14
State (Alberta) 1 of 1
Country (Canada) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-07 Dexmet

Wallingford, Connecticut, United States

Dexmet Corp. is a provider of customized, highly-engineered expanded metal foils and polymers for mission-critical applications including lightning strike protection, power storage technology and structural technology. Dexmet Corp. was founded in 1942 and is based in Wallingford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 7Summits

Milwaukee, Wisconsin, United States

7Summits LLC is an online communities solutions provider that brings together the best creative talent with strong business acumen so that great things can happen. 7Summits deliver top-line revenue growth and bottom-line productivity improvement by focusing on both consumer influence and employee collaboration. 7Summits was founded in 2009 and is based in Milwaukee, Wisconsin.

Buy -