M&A Deal Summary

Spirit Communications Acquires SCANA Communications

On February 23, 2015, Spirit Communications acquired communications company SCANA Communications from SCANA for 150M USD

Acquisition Highlights
  • This is Spirit Communications’ 1st transaction in the Communications sector.
  • This is Spirit Communications’ largest (disclosed) transaction.
  • This is Spirit Communications’ 2nd transaction in the United States.
  • This is Spirit Communications’ 2nd transaction in South Carolina.

M&A Deal Summary
Date 2015-02-23
Target SCANA Communications
Sector Communications
Buyer(s) Spirit Communications
Sellers(s) SCANA
Deal Type Divestiture
Deal Value 150M USD

Target

SCANA Communications

Columbia,, South Carolina, United States
SCANA Communications owns, develops and operates long haul and metro fiber optics networks in South Carolina and North Carolina. SCI provides data transport services, bandwidth, tower site construction, management and rental services for wireless carriers, enterprise, government and communications service providers.

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Buyer(S) 1

Buyer

Spirit Communications

Columbia, South Carolina, United States
Category Company
Founded 1985
Sector Communications
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 2 of 2
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 PalmettoNet

Columbia, South Carolina, United States

PalmettoNet, Inc. operates fiber-optic networks in the across South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 Phone Name Marketing Australia Pty.

St Leonards, Australia

Phone Name Marketing Australia Pty. Ltd. is a provider of marketing services. Phone Names owns and sells inbound 13, 1300 and 1800 smart numbers and owns 2200 phone names.

Buy AU$4M

Seller(S) 1

SELLER

SCANA

Cayce, South Carolina, United States
Category Company
Founded 1924
Sector Utilities
Employees5,829
Revenue 4.4B USD (2015)
DESCRIPTION

SCANA Corporation is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. The Company serves approximately 675,000 electric customers in South Carolina and more than 1.2 million natural gas customers in South Carolina, North Carolina and Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 2 of 2
State (South Carolina) 2 of 2
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Carolina Gas Transmission

Cayce, South Carolina, United States

Carolina Gas Transmission Corp. owns and operates nearly 1,500 miles of FERC-regulated interstate natural gas pipeline in South Carolina and southeastern Georgia.

Sell $493M
Mergr

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