M&A Deal Summary

Schurz Communications Acquires Long Lines

On January 20, 2015, Schurz Communications acquired communications company Long Lines

Acquisition Highlights
  • This is Schurz Communications’ 2nd transaction in the Communications sector.
  • This is Schurz Communications’ 2nd transaction in the United States.
  • This is Schurz Communications’ 1st transaction in Iowa.

M&A Deal Summary
Date 2015-01-20
Target Long Lines
Sector Communications
Buyer(s) Schurz Communications
Deal Type Add-on Acquisition
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

Long Lines

Sergeant Bluff, Iowa, United States
Long Lines LLC is a communications carrier serving Siouxland. Long Lines provides telephone, cable TV and internet broadband services to more than 20,000 business and residential customers. Long Lines LLC was founded in 1941 and is based in Sergeant Bluff, Iowa.

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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 2 of 5
Sector (Communications) 2 of 4
Type (Add-on Acquisition) 2 of 5
State (Iowa) 1 of 1
Country (United States) 2 of 5
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Orbitel Communications

Maricopa, Arkansas, United States

Orbitel’s system is a 100% 870 MHz, fiber-rich network delivering state-of-the-art services, including video, voice and internet products. Orbitel staff and management have extensive experience in the cable business and with the system, providing outstanding services to customers and the community.

Buy -
FOLLOWING 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
Mergr

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