M&A Deal Summary

SpectraSite Acquires Apex Site Management

On January 5, 2000, SpectraSite acquired business services company Apex Site Management from Spectrum Equity

Acquisition Highlights
  • This is SpectraSite’s 1st transaction in the Business Services sector.
  • This is SpectraSite’s 1st transaction in the United States.
  • This is SpectraSite’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2000-01-05
Target Apex Site Management
Sector Business Services
Buyer(s) SpectraSite
Sellers(s) Spectrum Equity
Deal Type Add-on Acquisition

Target

Apex Site Management

Philadelphia, Pennsylvania, United States
Apex Site Management, Inc. was a provider of site and tower management services to real property owners. The company provided real property owners with technical, management and marketing services that enable them to capitalize on the telecommunications industry rapidly-increasing demand for geographic coverage and antenna space.

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Buyer(S) 1

Buyer

SpectraSite

Cary, North Carolina, United States

Category Company
Sector Communications
DESCRIPTION

SpectraSite, Inc. owns, leases, and licenses wireless and broadcast signal towers to wireless carriers in the United States. Its portfolio includes towers, rooftops, and in-building wireless systems.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1

Seller(S) 1

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 2 of 77
Sector: Business Services M&A 1 of 7
Type: Add-on Acquisition M&A Deals 1 of 46
State: Pennsylvania M&A 1 of 3
Country: United States M&A 2 of 68
Year: 2000 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-12 American Tower

Boston, Massachusetts, United States

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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-12 Golden Sky Holdings

Kansas City, Missouri, United States

Golden Sky Holdings was a direct broadcast satellite provider in rural markets.

Sell $690M