M&A Deal Summary

SDC Capital Partners Acquires Smartaira

On May 3, 2022, private equity firm SDC Capital Partners acquired communications company Smartaira

Acquisition Highlights
  • This is SDC Capital Partners’ 6th transaction in the Communications sector.
  • This is SDC Capital Partners’ 7th transaction in the United States.
  • This is SDC Capital Partners’ 2nd transaction in California.

M&A Deal Summary
Date 2022-05-03
Target Smartaira
Sector Communications
Buyer(s) SDC Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Smartaira

Gardena, California, United States
Smartaira is a national, independent internet service provider specializing in smarter internet and entertainment solutions for property owners and managers. The company's bulk and retail broadband solutions focus on maximizing resident satisfaction and increasing property values. Its flagship managed service, Smartaira 360, provides seamless, community-wide internet connectivity with symmetrical, gigabit speeds, enterprise security, and unlimited data. Smartaira was founded in 1972 and is based in Gardena, California.

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Buyer(S) 1

Buyer

SDC Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 400M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

SDC Capital Partners is an operationally oriented private investment firm focused on the IT and communications sectors. Specific areas of interest include data centers, fiber/networks, wireless infrastructure, and managed IT/cloud services. The Firm looks to commit $50 to $500 million per transaction and generally pursues platform businesses where it can pursue growth opportunities. SDC Capital Partners was established in 2017 and is headquartered in New York City.

DEAL STATS #
Overall 8 of 9
Sector (Communications) 6 of 7
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (California) 2 of 3
Country (United States) 7 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 IQ Fiber

Jacksonville, Florida, United States

IQ Fiber is a fiber-optic internet service provider that transforms the residential broadband market by offering a 100% fiber-optic network; stress-free plans with no data caps, contracts or hidden fees; and live, local experts to solve any problem that may arise. IQ Fiber was founded in 2021 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Cityside Fiber

Irvine, California, United States

Cityside Fiber design, construct and operate citywide networks that transform communities into digital cities of the future. Cityside Fiber focus is on upgrading the customer experience for all of our users and providing best in class products and service. Cityside Fiber was founded in 2021 and is based in Irvine, California.

Buy -
Mergr

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Company

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