M&A Deal Summary

Schurz Communications Acquires Hiawatha Broadband Communications

On October 3, 2017, Schurz Communications acquired communications company Hiawatha Broadband Communications

Acquisition Highlights
  • This is Schurz Communications’ 3rd transaction in the Communications sector.
  • This is Schurz Communications’ 3rd transaction in the United States.
  • This is Schurz Communications’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-10-03
Target Hiawatha Broadband Communications
Sector Communications
Buyer(s) Schurz Communications
Deal Type Add-on Acquisition

Target

Hiawatha Broadband Communications

Winona, Minnesota, United States
Hiawatha Broadband Communications, Inc. is a telecommunications company providing service to residential and business customers. Hiawatha Broadband Communications, Inc. was established in 1997 and is based in Winona, Minnesota.

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Buyer(S) 1

Buyer

Schurz Communications

Mishawaka, Indiana, United States
Category Company
Founded 1872
Sector Media
DESCRIPTION

Schurz Communications, Inc. is a diversified, privately-owned communications company It operates three other cable systems serving just under 90,000 subscribers (Coral Springs, Florida, Hagerstown, MD and Sun Lakes, AZ). Schurz also publishes eleven daily and eight weekly newspapers, and it operates ten television stations in seven markets and thirteen radio stations in three markets.

DEAL STATS #
Overall 3 of 5
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 3 of 5
State (Minnesota) 1 of 1
Country (United States) 3 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Schurz Communications - Television Stations

United States

Schurz Communications - Television Stations is a broadcast company.

Sell $415M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 Online Tech

Ann Arbor, Michigan, United States

Online Tech LLC is a provider of hybrid cloud, colocation, disaster recovery and data protection services. Online Tech is based in Ann Arbro, Michigan.

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