M&A Deal Summary

Summit Partners Acquires Sage Telecom

On October 31, 2002, growth capital firm Summit Partners acquired communications company Sage Telecom

Acquisition Highlights
  • This is Summit Partners’ 11th transaction in the Communications sector.
  • This is Summit Partners’ 130th transaction in the United States.
  • This is Summit Partners’ 11th transaction in Texas.
Investment Fate
  • Sage Telecom was sold to a financial buyer in 2007.
  • Sage Telecom was sold to a strategic buyer in 2012.

M&A Deal Summary

Date 2002-10-31
Target Sage Telecom
Sector Communications
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Sage Telecom

Richardson, Texas, United States
Sage Telecom is a competitive local exchange carrier providing local, long distance and enhanced voice services to residential and small business customers in rural and suburban markets.

Search 214,981 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 133 of 415
Sector: Communications M&A 11 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 38 of 84
State: Texas M&A 11 of 29
Country: United States M&A 130 of 335
Year: 2002 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 Belkin

Playa Vista, California, United States

Belkin is a provider of connectivity solutions and accessories for computer and consumer electronics users. Belkin was formed in 1983 and is based in Playa Vista, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-20 IMPAC Medical Systems

Sunnyvale, California, United States

IMPAC Medical Systems, Inc. is a provider of integrated clinical and administrative management systems for cancer specialists.

Sell -