M&A Deal Summary |
|
|---|---|
| Date | 2006-04-01 |
| Target | AAT Communications |
| Sector | Communications |
| Buyer(s) | SBA Communications |
| Sellers(s) |
Cequel III
Sandler Capital Management Charterhouse Strategic Partners Sweetwater Capital Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.0B USD |
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| Category | Company |
|---|---|
| Sector | Communications |
| Employees | 1,483 |
| Revenue | 2.7B USD (2023) |
SBA Communications is an owner and operator of wireless communications infrastructure. SBA Communications is based in Boca Raton, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 10 |
| Sector (Communications) | 1 of 9 |
| Type (Add-on Acquisition) | 1 of 5 |
| State (Florida) | 1 of 3 |
| Country (United States) | 1 of 10 |
| Year (2006) | 1 of 2 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-27 |
SBA Site Management
Boca Raton, Florida, United States SBA Site Management LLC is a provider of tower sites for wireless communications industries. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| Size | Small |
| Type | Sector Agnostic |
Cequel III LLC is a specialist investment and management firm focused on the development of cable and telecommunications companies. Cequel was formed in 2002 and is based in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 8 |
| Sector (Communications) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 5 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 8 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-06-13 |
Broadwing Communications
Austin, United States Broadwing Communications. In June 2003, Cequel III partnered with the former Corvis Corporation to acquire Broadwing and its nationwide all-optical network from Cincinnati Bell. Subsequently, Cequel III turned over management responsibilities to Broadwing's executive team, while maintaining a relationship with the company for the provision of longhaul voice, video, and data services to Suddenlink. Broadwing was acquired by Level 3 Communications in 2007. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-07 |
Suddenlink
St. Louis, Missouri, United States Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1990 |
| PE ASSETS | 1.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Sandler Capital Management is a private investment firm that manages both hedge funds and private equity funds. Sandler's private equity practice was established in 1990, which targets investments in the media, communications, entertainment and marketing/information services sectors. Sandler will consider minority or majority positions and has a target investment size of $5 to $60 million per transaction. Sandler Capital is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 10 |
| Sector (Communications) | 3 of 5 |
| Type (Add-on Acquisition) | 3 of 8 |
| State (Florida) | 1 of 2 |
| Country (United States) | 3 of 9 |
| Year (2006) | 1 of 2 |
| Size (of disclosed) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-21 |
Discover Media
New York, New York, United States Discover Media LLC is a provider of science magazines, covering new technologies, medical breakthroughs and other scientific fields. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-18 |
Nuera Communications
Somerset, New Jersey, United States Nuera Communications - a provider of Voice-over-Internet Protocol (VoIP) infrastructure solutions. |
Sell | $85M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1973 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Charterhouse Strategic Partners is a private equity firm that targets investments in middle market companies located throughout North America. Charterhouse typically pursues companies valued between $25 and $150 million, however the firm will also consider new platform companies valued less than $50 million if there is the possibility for rapid expansion (organic or through acquisitions). Target companies generally possess highly motivated management with a proven track record, scalable business models, sustainable competitive advantages (brand recognition/proprietary products), and a leading position in a growing market. Broad sectors of interest include business services, healthcare services, consumer products, and consumer services. Charterhouse was founded in 1973 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 16 |
| Sector (Communications) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 8 |
| State (Florida) | 2 of 2 |
| Country (United States) | 2 of 15 |
| Year (2006) | 1 of 2 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-29 |
Towne Holdings
South Bend, Indiana, United States Towne Holdings, Inc. is a full-service provider of premium air cargo ground logistics transportation services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-10 |
Camelot Education
East Dripping Springs, Texas, United States Camelot Education is a provider of services to youth and adolescent populations in both the behavioral health and education markets. Camelot conducts its operations through residential treatment facilities, therapeutic day schools and alternative education and community-based programs. |
Buy | - |
Sweetwater Capital Group is a private equity firm focused on investing in and acquiring service based businesses with recurring revenue streams. Specific areas of interest include businesses which provide critical infrastructure to the internet and to wireless communications networks. Sweetwater looks to invest $3 to $15 million per transaction and will consider opportunities throughout the US. Sweetwater Capital was formed in 2002 and is based in Red Bank, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Communications) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 3 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 3 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-05-01 |
AAT Communications
Boca Raton, Florida, United States AAT Communications LLC is a provider of wireless tower sites, serving major wireless carriers and a premier group of site-management clients. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-04-21 |
NewPath Networks
Seattle, Washington, United States NewPath Networks is a wireless infrastructure company that designs, develops and operates fiber-fed wireless carrier networks using a distributed antenna architecture to improve signal strength and network capacity. |
Buy | - |
