M&A Deal Summary

Segra Acquires Spirit Communications

On August 9, 2017, Segra acquired communications company Spirit Communications

Acquisition Highlights
  • This is Segra’s 2nd transaction in the Communications sector.
  • This is Segra’s 3rd transaction in the United States.
  • This is Segra’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2017-08-09
Target Spirit Communications
Sector Communications
Buyer(s) Segra
Deal Type Merger
Advisor(s) TD Securities
Waller Capital Partners LLC (Financial)
McNair Law Firm (Legal)

Target

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.

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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 3 of 5
Sector (Communications) 2 of 4
Type (Merger) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 3 of 5
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 DC74 Data Centers

Charlotte, North Carolina, United States

DC74 Data Centers is a carrier neutral data centers specializing in colocation, disaster recovery, business continuity and private cloud solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 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.

Buy $240M
Mergr

Product

Company

Legal