M&A Deal Summary

Seaport Capital Acquires Municipal Communications

On October 25, 2021, private equity firm Seaport Capital acquired communications company Municipal Communications from American Tower

Acquisition Highlights
  • This is Seaport Capital’s 10th transaction in the Communications sector.
  • This is Seaport Capital’s 33rd transaction in the United States.
  • This is Seaport Capital’s 4th transaction in Georgia.

M&A Deal Summary

Date 2021-10-25
Target Municipal Communications
Sector Communications
Buyer(s) Seaport Capital
Sellers(s) American Tower
Deal Type Divestiture

Target

Municipal Communications

Atlanta, Georgia, United States
Municipal Communications develops, owns, and operates cellular towers in the southeastern United States. The company partners with local municipalities to develop towers in difficult-to-zone locations. Municipal Communications was founded in 2010 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 35 of 38
Sector (Communications) 10 of 10
Type (Divestiture) 1 of 1
State (Georgia) 4 of 4
Country (United States) 33 of 36
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Exacom

Manchester, New Hampshire, United States

Exacom provides multimedia (analog, RoIP, VoIP, text /SMS, and screen capture) logging/recording solutions to public safety, government, utility, healthcare and other target markets. Exacom was founded in 1986 and is based in Manchester, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Family Entertainment Live

Medina, Ohio, United States

Family Entertainment Live is a diversified entertainment holding company, solidifying a partnership that will bring highly sought-after family-oriented live events to audiences worldwide. The Company's live event formats include Magic of Lights, an outdoor holiday lights experience displayed at venues throughout North America, and Hot Wheels Monster Trucks Live, a Hot Wheels-themed monster truck show presented both in North America and internationally. Family Entertainment Live is headquartered in Medina, Ohio.

Buy -

Seller(S) 1

SELLER

American Tower

Boston, Massachusetts, United States

Category Company
Founded 1995
Sector Real Estate
Employees5,643
Revenue 11.1B USD (2023)
DESCRIPTION

American Tower is an independent owner, operator, and developer of wireless and broadcast communication real estate. The Company's global portfolio includes over 99,000 owned or managed sites and is experiencing steady growth. In addition to leasing space on towers, American Tower provides customized collocation solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. American Tower was founded in 1995 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 DataSite

Orlando, Florida, United States

DataSite is an owner/operator of multi-tenant data centers that offer affordable colocation options that will put digital content at the epicenter of network connectivity to the world. DataSite is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 CoreSite

Denver, Colorado, United States

CoreSite delivers secure, reliable, high-uptime data center campuses with high-performance cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. CoreSite was founded in 2001 and is based in Denver, Colorado.

Buy $10.1B