M&A Deal Summary

Skyview Capital Acquires Collins Communications

On December 29, 2006, private equity firm Skyview Capital acquired information technology company Collins Communications from Enventis

Acquisition Highlights
  • This is Skyview Capital’s 2nd transaction in the Information Technology sector.
  • This is Skyview Capital’s 3rd transaction in the United States.
  • This is Skyview Capital’s 1st transaction in Minnesota.
Investment Fate
  • Collins Communications went bankrupt in 2010.

M&A Deal Summary

Date 2006-12-29
Target Collins Communications
Sector Information Technology
Buyer(s) Skyview Capital
Sellers(s) Enventis
Deal Type Divestiture

Target

Collins Communications

Roseville, Minnesota, United States
Collins Communications is a provider of IP Telephony, call center management and data network solutions, primarily through Nortel hardware solutions.

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Buyer(S) 1

Buyer

Skyview Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Skyview Capital is a private investment firm that targets divestitures of larger public corporations. Skyview focuses primarily on legacy, mature businesses in technology, business services, software, and niche manufacturing. Other areas of interest include networking solutions, information systems, transaction processing, logistics, and supply chain management. Skyview prefers business units located in North America with revenues of at least $10 million. Skyview Capital was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 16
Sector: Information Technology M&A 2 of 4
Type: Divestiture M&A Deals 3 of 12
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 15
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-04 PAS Technologies

Kansas City, Missouri, United States

PAS Technologies is a high technology components provider, to expand its portfolio of industry-leading MRO service offerings. PAS specializes in providing cost-effective OEM and MRO solutions for the aerospace, oil and gas, and industrial gas turbine markets. By using innovative and proprietary high-technology processes, along with solutions licensed from OEMs, the company provides great value for customers whose components are exposed to high wear, high heat and corrosive environments. The company’s highly engineered, innovative products are known for advanced technology and unsurpassed reliability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-30 TRM Copy Centers

Portland, Oregon, United States

TRM Copy Centers LLC is a provider of self-service convenience photocopy services in the retail environment.

Buy $9M

Seller(S) 1

SELLER

Enventis

Mankato, Minnesota, United States

Category Company
Founded 1898
Sector Communications
Employees500
Revenue 189M USD (2013)
DESCRIPTION

Enventis Corp. is a provider of communication services over its multi-state, fiber network spanning more than 4,200 route miles, including business data, voice, IP, managed and hosted services and equipment solutions.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 IdeaOne Telecom Group

Fargo, North Dakota, United States

IdeaOne Telecom Group, LLC is a Fargo, North Dakota facilities-based competitive local exchange carrier (CLEC) formed by members in 1998 to develop and operate a CLEC in the Fargo and West Fargo, North Dakota and Moorhead, Minnesota markets.

Buy $28M