M&A Deal Summary

SDC Capital Partners and Columbia Capital Acquire SummitIG

On January 11, 2019, private equity firm SDC Capital Partners and growth capital firm Columbia Capital acquired communications company SummitIG

Acquisition Highlights
  • This is SDC Capital Partners’ 3rd and Columbia Capital’s 5th transaction in the Communications sector.
  • This is SDC Capital Partners’ 2nd and Columbia Capital’s 9th transaction in the United States.
  • This is SDC Capital Partners’ 1st and Columbia Capital’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2019-01-11
Target SummitIG
Sector Communications
Buyer(s) SDC Capital Partners
Columbia Capital
Deal Type Recapitalization
Advisor(s) Bank Street (Financial)
DLA Piper (Legal)

Target

SummitIG

Sterling, Virginia, United States
SummitIG is a custom network solution and bandwidth infrastructure, provider. Leveraging its extensive network infrastructure across the state, SummitIG specializes in delivering dark fiber networks that support and extend data centers’ connectivity. SummitIG was founded in 2012 and is based in Sterling, Virginia.

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Buyer(S) 2

Buyer
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 3 of 9
Sector: Communications M&A 3 of 7
Type: Recapitalization M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 8
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 BIG Fiber

Sunnyvale, California, United States

BIG Fiber is a metro dark fiber provider that offers high-capacity dark fiber solutions to mission-critical data centers, hyperscalers, and enterprises throughout Northern California and Greater Atlanta. BIG Fiber was founded in 2019 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Tilson

Portland, Maine, United States

Tilson provides network deployment and professional services to telecom, construction, utility, and government clients. Tilson builds high-performing technology project teams who take on the largest and most impactful information infrastructure projects in the country. Tilson founded in 1996 and is based in Portland, Maine.

Buy -
Buyer

Columbia Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 7.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Columbia Capital is a growth capital firm focused on the IT sector. The Firm looks to commit $15 to $40 million to growth stage North American and Western European companies operating in the enterprise IT, internet infrastructure, and mobile communications sectors. Columbia Capital was established in 1989 and is headquartered in Alexandria, Virginia.


DEAL STATS #
Overall 10 of 26
Sector: Communications M&A 5 of 10
Type: Recapitalization M&A Deals 1 of 1
State: Virginia M&A 2 of 5
Country: United States M&A 9 of 18
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Verato

McLean, Virginia, United States

Verato is a healthcare technology company that provides cloud-based identity resolution solutions to help organizations unify and manage patient data across systems, enabling more accurate, complete, and connected health records. Verato was founded in 2012 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 Teraco

Johannesburg, South Africa

Teraco is a provider of carrier and cloud-neutral colocation data centers and with over 18 000 cross-connects. As the first provider of highly resilient, vendor-neutral data environments in sub-Saharan Africa, Teraco brings global content closer to the digital edge. Teraco was founded in 2008 and is based in Johannesburg, South Africa.

Buy -