M&A Deal Summary

Rural Cellular Acquires Triton Cellular Partners

On November 9, 1999, Rural Cellular acquired business services company Triton Cellular Partners from Catalyst Investors, DAG Private Equity, CCMP Capital and M/C Partners for 1.2B USD

Acquisition Highlights
  • This is Rural Cellular’s 1st transaction in the Business Services sector.
  • This is Rural Cellular’s largest (disclosed) transaction.
  • This is Rural Cellular’s 1st transaction in the United States.
  • This is Rural Cellular’s 1st transaction in Oregon.

M&A Deal Summary

Date 1999-11-09
Target Triton Cellular Partners
Sector Business Services
Buyer(s) Rural Cellular
Sellers(s) Catalyst Investors
DAG Private Equity
CCMP Capital
M/C Partners
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Triton Cellular Partners

Albany, Oregon, United States
Triton Cellular Partners LP is an investment vehicle for the acquisition of rural cellular telephony properties in the United States.

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Buyer(S) 1

Buyer

Rural Cellular

Alexandria, Minnesota, United States

Category Company
Sector Communications
DESCRIPTION

Rural Cellular Corporation provides wireless communication services under the Unicel brand to Central, Midwest, Northeast, South and Northwest territories located in 15 states.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 4

SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 8 of 39
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 2 of 19
State (Oregon) 1 of 2
Country (United States) 8 of 37
Year (1999) 4 of 4
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Falcon Cable Systems

Los Angeles, California, United States

Falcon Cable Systems Co. is a provider of cable television systems in small to medium sized communities, and suburban and rural areas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 MessageLabs Group

Gloucester, United Kingdom

MessageLabs Group Ltd. is a e-mail security services that protect corporate and governmental users from viruses, spam, and other undesirable content.

Buy -
SELLER

DAG Private Equity

San Francisco, California, United States

Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

DAG Private Equity (“DAG PE”) is an private equity arm of Duff Ackerman & Goodrich LLC (DAG). DAG Private Equity invests its equity capital with strong management teams focused on building companies in well-defined, growing market niches in select industry segments – specialty manufacturing, communications, media, and information technology. DAG Private Equity was formed in 1991 and is based in San Francisco, California.


DEAL STATS #
Overall 5 of 12
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 3 of 7
State (Oregon) 1 of 1
Country (United States) 5 of 11
Year (1999) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-23 FrontierVision Partners

Denver, Colorado, United States

FrontierVision Partners, L.P. is a provider of cable television systems in small and medium-sized suburban and exurban communities. The company controlled over 500,000 subscribers, principally in the states of Ohio, Kentucky, and Maine.

Sell $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Motorsport Aftermarket Group

Coppell, Texas, United States

Motorsport Aftermarket Group (MAG) is a large distributor and manufacturer of branded aftermarket products for the powersports industry in North America. MAG provides dealers, e-commerce sites and their enthusiast end-users with parts, accessories and apparel for motorcycles, ATVs and UTVs. The Company’s brands include Vance & Hines, Kuryakyn, Performance Machine, QuadBoss, DragonFire and ProTaper. Motorsport Aftermarket Group was formed in 2000 and is based in Coppell, Texas.

Buy -
SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 7 of 78
Sector (Business Services) 1 of 8
Type (Add-on Acquisition) 1 of 22
State (Oregon) 1 of 1
Country (United States) 7 of 61
Year (1999) 4 of 5
Size (of disclosed) 13 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-03 1-800-Flowers.com

Jericho, New York, United States

1-800-Flowers.com is a floral and gift retailer company, that provides a broad range of gift products, including flowers, plants, gourmet foods, candies, gift baskets and other unique gifts to customers around the world through the company's web site, telephone call centers and company owned or franchised stores. 1-800-Flowers was founded in 1976 and is based in Jericho, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-11 Medical Arts Press

Minneapolis, Minnesota, United States

Medical Arts Press is a direct marketer, manufacturer and distributor of office products and practice-related supplies to healthcare professionals.

Sell $277M
SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

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 7 of 31
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 4 of 16
State (Oregon) 1 of 1
Country (United States) 7 of 26
Year (1999) 4 of 4
Size (of disclosed) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-23 FrontierVision Partners

Denver, Colorado, United States

FrontierVision Partners, L.P. is a provider of cable television systems in small and medium-sized suburban and exurban communities. The company controlled over 500,000 subscribers, principally in the states of Ohio, Kentucky, and Maine.

Sell $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-01 MetroPCS Communications

Richardson, Texas, United States

MetroPCS Communications, Inc. is a provider of wireless communications services in several metropolitan areas of the US, including SanFrancisco, Miami and Atlanta. MetroPCS offers simple, flat-rate calling plans that provide unlimited usage within a local calling area with no long-term contracts.

Buy -