Explore All 1708 Add-on Acquisition Communications Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | October 24, 2023 |
| Target | Horizon |
| Sector | Communications |
| Buyer(s) | Shenandoah Telecommunication |
| Sellers(s) |
Novacap
HarbourVest Partners Bregal Sagemount GCM Grosvenor |
| Deal Type | Add-on Acquisition |
| Deal Value | 385M USD |
| Advisor(s) | Bank Street (Financial) Baker Botts (Legal) |
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| Category | Company |
|---|---|
| Founded | 1902 |
| Sector | Communications |
| Employees | 1,089 |
| Revenue | 328M USD (2024) |
Shenandoah Telecommunication is a diversified telecommunications holding company, provides both regulated and unregulated telecommunications services to end-user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, and western Maryland. Shenandoah Telecommunication was founded in 1902 and is based in Edinburg, Virginia.
| Deal Context for Buyer | # |
|---|---|
| Overall | 6 of 6 |
| Sector: Communications | 5 of 5 |
| Type: Add-on Acquisition | 5 of 5 |
| State: Ohio | 1 of 1 |
| Country: United States | 6 of 6 |
| Year: 2023 | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-02 |
Shenandoah Telecommunication Co. - Wireless Assets
Edinburgh, Virginia, United States Shentel’s Wireless Assets provides wireless services to customers in the Mid-Atlantic United States. |
Sell | $2.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 8.0B CAD |
| Size | Mega |
| Type | Sector Agnostic |
Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.
| Deal Context for Seller | # |
|---|---|
| Overall | 24 of 30 |
| Sector: Communications | 1 of 1 |
| Type: Add-on Acquisition | 10 of 13 |
| State: Ohio | 1 of 1 |
| Country: United States | 9 of 10 |
| Year: 2023 | 1 of 3 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-09 |
Cadent
New York, New York, United States Cadent is a media services company that aggregates local cable television advertising inventory for resale to national advertisers. Cadent was founded in 2007 and is based in New York, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-03 |
Freedom Pet Supplies
Cambridge, Ontario, Canada Freedom Pet Supplies distributor and sales-and-marketing company that supplies a range of pet food, supplies, and accessories to pet retailers, veterinary clinics, and other pet-focused businesses across Canada. Freedom Pet Supplies was founded in 2001 and is based in Cambridge, Ontario. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 147.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| Deal Context for Seller | # |
|---|---|
| Overall | 138 of 150 |
| Sector: Communications | 11 of 11 |
| Type: Add-on Acquisition | 56 of 62 |
| State: Ohio | 3 of 3 |
| Country: United States | 87 of 91 |
| Year: 2023 | 7 of 9 |
| Size (of disclosed) | 38 of 43 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-22 |
Meadow Foods
Chester, United Kingdom Meadow Foods is a dairy group and supplier of milk based dairy ingredients to the food industry. Meadow Foods was founded in 1992 and is based in Chester, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-30 |
Profi
Timisoara, Romania Profi is a supermarket chain in Romania, operating 65 stores in 47 Romanian cities. Profi is the modern retail network with the largest geographical expansion in Romania. Profi was founded in 2000 and is based in Timisoara, Romania. |
Sell | €1.3B |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2012 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.
| Deal Context for Seller | # |
|---|---|
| Overall | 35 of 39 |
| Sector: Communications | 2 of 2 |
| Type: Add-on Acquisition | 15 of 16 |
| State: Ohio | 3 of 3 |
| Country: United States | 32 of 36 |
| Year: 2023 | 2 of 2 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-12 |
Bradford
Houston, Texas, United States Bradford focuses on airport logistics within the global aviation industry. The company's turnkey services include technology, security, supply chain management, and consultancy. It currently operates twenty-two airport contracts in the U.S. and a joint venture at London Heathrow in the UK for the operations of CRDCs. Bradford was formed in 2000 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-01 |
Sparkle Express
Martinez, Georgia, United States Sparkle Express is a provider of car wash services. Sparkle Express was founded in 1987 and is based in Martinez, Georgia. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Financial Services |
| Employees | 549 |
| Revenue | 523M USD (2024) |
GCM Grosvenor is a large and diversified independent alternative asset management firm. The Company offers comprehensive public and private markets solutions and a broad suite of investment and advisory choices that span hedge funds, private equity, and various credit and specialty strategies. GCM Grosvenor specializes in developing customized investment programs tailored to each client’s specific investment goals. GCM Grosvenor was founded in 1971 and is based in Chicago, Illinois.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Communications | 1 of 1 |
| Type: Add-on Acquisition | 1 of 1 |
| State: Ohio | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2023 | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-05 |
Hallcon
Chicago, Illinois, United States Hallcon is a provider of mission-critical transportation services and infrastructure for a broad range of customers including railroads, universities, airports, hospitals and healthcare systems, public transit, technology, industrial companies, and other large employers seeking custom transportation solutions. Hallcon was founded in 1946 and is based in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-11-26 |
MobilGrain
Regina, Saskatchewan, Canada MobilGrain provides grain transfer/processing services, operates two railroads in Saskatchewan, and offers railroad-related maintenance services. MobilGrain is based in Regina, Saskatchewan. |
Buy | - |
