M&A Deal Summary |
|
|---|---|
| Date | 2021-07-26 |
| Target | Lumen Technologies - Latin American Business |
| Sector | Communications |
| Buyer(s) | Stonepeak |
| Sellers(s) | Lumen |
| Deal Type | Divestiture |
| Deal Value | 2.7B USD |
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Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 41 |
| Sector (Communications) | 6 of 6 |
| Type (Divestiture) | 1 of 3 |
| Country (Brazil) | 1 of 1 |
| Year (2021) | 2 of 5 |
| Size (of disclosed) | 7 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-25 |
Akumin
Plantation, Florida, United States Akumin is a provider of comprehensive outpatient radiology and oncology solutions and a partner to U.S. hospitals, health systems and physician groups. Akumin was incorporated in 2015 and is based in Plantation, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-10 |
Vertical Bridge
Boca Raton, Florida, United States Vertical Bridge is an owner and manager of wireless communications infrastructure. Vertical Bridge owns, operates and master leases over 266,000 towers, rooftop, billboard, utility attachment, and other site locations in support of wireless network deployments. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1968 |
| Sector | Communications |
| Employees | 25,000 |
| Revenue | 13.1B USD (2024) |
Lumen is an integrated communications company engaged in providing an array of communications services to residential, business, governmental and wholesale customers. CenturyLink's communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLECs) and security monitoring. Lumen was established in 1968 and is based in Monroe, Louisiana.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 5 |
| Sector (Communications) | 1 of 4 |
| Type (Divestiture) | 2 of 5 |
| Country (Brazil) | 1 of 1 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-10 |
Streamroot
New York, New York, United States Streamroot, Inc. is a provider of disruptive technology, to improve video and static content delivery within bandwidth constrained areas. Streamroot, Inc. was founded in 2013 and is based in New York City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-03 |
Lumen Technologies-ILEC Business
Monroe, Louisiana, United States Lumens' ILEC (incumbent local exchange carrier) business, includes its consumer, small business, wholesale and mostly copper-served enterprise customers and assets. Lumen Technologies-ILEC Business is based in Monroe, Louisiana. |
Sell | $7.5B |
