M&A Deal Summary

SBA Communications Acquires Bay Communications

On January 5, 2010, SBA Communications acquired communications company Bay Communications from Housatonic Partners

Acquisition Highlights
  • This is SBA Communications’ 6th transaction in the Communications sector.
  • This is SBA Communications’ 7th transaction in the United States.
  • This is SBA Communications’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2010-01-05
Target Bay Communications
Sector Communications
Buyer(s) SBA Communications
Sellers(s) Housatonic Partners
Deal Type Add-on Acquisition

Target

Bay Communications

Mansfield, Massachusetts, United States
Bay Communications LLC is a provider of wireless communications infrastructure. They develop, own and manage communication towers throughout the Northeast and the United States.

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Buyer(S) 1

Buyer

SBA Communications

Boca Raton, Florida, United States
Category Company
Sector Communications
Employees1,483
Revenue 2.7B USD (2023)
DESCRIPTION
SBA corporate headquarters in Boca Raton, Florida.
SBA corporate headquarters in Boca Raton, Florida.

SBA Communications is an owner and operator of wireless communications infrastructure. SBA Communications is based in Boca Raton, Florida.

DEAL STATS #
Overall 7 of 10
Sector (Communications) 6 of 9
Type (Add-on Acquisition) 4 of 5
State (Massachusetts) 1 of 1
Country (United States) 7 of 10
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-22 Light Tower Wireless

United States

Light Tower Wireless owns 340 wireless communication tower sites in 23 states, five managed sites and five distributed antenna system networks. The owned tower sites currently average 2.2 tenants per site. Light Tower Wireless is in the process of developing a number of additional towers and DAS networks.

Buy $224M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 TowerCo - 3 252 Towers

United States

TowerCo - 3,252 Tower sites in 47 states across the U.S. and Puerto Rico.

Buy $1.5B

Seller(S) 1

SELLER

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 21 of 44
Sector (Communications) 5 of 5
Type (Add-on Acquisition) 11 of 20
State (Massachusetts) 5 of 9
Country (United States) 21 of 42
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-18 OnRamp Access

Austin, Texas, United States

OnRamp Access is a provider of Internet operations support and data center services in the Central Texas market. OnRamp Access was founded in 1994 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-02 HemaSource

Salt Lake City, Utah, United States

HemaSource is a technology-enabled distributor of medical products to the plasma collection industry. HemaSource utilizes a proprietary cloud-based inventory management and business intelligence software solution to help its customers gain supply chain efficiencies and decrease their plasma collection costs. HemaSource was founded in 1998 and is based in Salt Lake City, Utah.

Buy -
Mergr

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