M&A Deal Summary

Segra Acquires North State Telecommunications

On December 9, 2019, Segra acquired communications company North State Telecommunications for 240M USD

Acquisition Highlights
  • This is Segra’s 3rd transaction in the Communications sector.
  • This is Segra’s largest (disclosed) transaction.
  • This is Segra’s 4th transaction in the United States.
  • This is Segra’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2019-12-09
Target North State Telecommunications
Sector Communications
Buyer(s) Segra
Deal Type Add-on Acquisition
Deal Value 240M USD
Advisor(s) Wells Fargo Securities (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target

North State Telecommunications

High Point, North Carolina, United States
North State Telecommunications Corp. provides homes and businesses with Gigabit speeds on a fiber optic network that includes TV, Internet and communication services.

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Buyer(S) 1

Buyer

Segra

Charlotte, North Carolina, United States
Category Company
Sector Communications
Revenue 204M USD (2015)
DESCRIPTION

Segra is a provider of mission-critical connectivity solutions over a fiber-based network. Representing a successful combination of Lumos Networks and Spirit Communications. Segra provides Ethernet, MPLS, dark fiber, advanced data center services, IP and managed services, voice and cloud solutions, all backed by its industry-leading service and reliability. Segra is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 4 of 5
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 3 of 3
Country (United States) 4 of 5
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Spirit Communications

Columbia, South Carolina, United States

Spirit Communications, Inc. is a pure-play provider of fiber based data and broadband services to enterprises, governments, and wireless carriers in the Carolinas and Georgia. The company’s network is comprised of over 9,000 miles of fiber and serves thousands of customers across 17 metro markets. Spirit’s fiber is directly connected to over 2,400 buildings as well as over 2,500 cell sites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Segra - Commercial Enterprise & Carrier Business

Waynesboro, Virginia, United States

Segra's Commercial Enterprise & Carrier Business fiber-based provider serving commercial enterprise and carrier customers in nine states in the Mid-Atlantic and Southeast. The company's dense metropolitan fiber network provides enhanced technology solutions and a commitment to a superior customer experience.

Sell -
Mergr

Product

Company

Legal