M&A Deal Summary

Schurz Communications Acquires NKTelco

On December 1, 2021, Schurz Communications acquired communications company NKTelco

Acquisition Highlights
  • This is Schurz Communications’ 4th transaction in the Communications sector.
  • This is Schurz Communications’ 5th transaction in the United States.
  • This is Schurz Communications’ 1st transaction in Ohio.

M&A Deal Summary
Date 2021-12-01
Target NKTelco
Sector Communications
Buyer(s) Schurz Communications
Deal Type Add-on Acquisition

Target

NKTelco

New Knoxville, Ohio, United States
NKTelco is a broadband communications company, that provides video and data (i.e. Cable TV and Internet) services to its customers. This unique blend of companies allows us to offer Digital Voice, Cable TV, and High-Speed Internet services and serve our surrounding communities. NKTelco was founded in 1905 and is based in New Knoxville, Ohio.

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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 5 of 5
Sector (Communications) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Schurz Communications - Newspaper Assets

Indiana, United States

Schurz Communications, Inc. - Newspaper Assets comprises ten daily newspapers, which include the highly attractive college towns of South Bend, IN (The South Bend Tribune) and Bloomington, IN (Herald-Times).

Sell $30M
Mergr

Product

Company

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