M&A Deal Summary

Telephone & Data Systems Acquires OneNeck

On July 1, 2011, Telephone & Data Systems acquired information technology company OneNeck from WestView Capital Partners for 95M USD

Acquisition Highlights
  • This is Telephone & Data Systems’ 3rd transaction in the Information Technology sector.
  • This is Telephone & Data Systems’ 3rd largest (disclosed) transaction.
  • This is Telephone & Data Systems’ 4th transaction in the United States.
  • This is Telephone & Data Systems’ 1st transaction in Wisconsin.
Investment Fate
  • OneNeck was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary
Date 2011-07-01
Target OneNeck
Sector Information Technology
Buyer(s) Telephone & Data Systems
Sellers(s) WestView Capital Partners
Deal Type Add-on Acquisition
Deal Value 95M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

OneNeck

Madison, Wisconsin, United States
OneNeck is a provider of enterprise application management and managed hosting services. OneNeck provides a suite of IT outsourcing services including ERP application management, database administration, data center operations, functional business process support, disaster recovery and desktop outsourcing. OneNeck was formed in 1997 and is headquartered in Madison, Arizona.

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Buyer(S) 1

Buyer

Telephone & Data Systems

Chicago, Illinois, United States
Category Company
Founded 1968
Sector Communications
Employees9,200
Revenue 5.2B USD (2023)
DESCRIPTION

Telephone & Data Systems provides wireless; cable and wireline broadband, TV and voice; and hosted and managed services to approximately 5.8 million customers nationwide through its subsidiaries TDS Telecom and U.S. Cellular. Telephone & Data Systems was founded in 1968 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 8
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 4 of 8
State (Wisconsin) 1 of 1
Country (United States) 4 of 8
Year (2011) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 TEAM Technologies

Cedar Falls, Iowa, United States

TEAM Technologies LLC is a provider of wholesale data center lease and colocation products. TEAM provides a wide range of information technology solutions, such as colocation, disaster recovery, and data security services to commercial customers.

Buy $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Vital Support Systems

Urbandale, Iowa, United States

Vital Support Systems, is a provider of comprehensive suite of products and services, including: planning, engineering, procurement, installation, and management of IT infrastructure hardware solutions from world-class Original Equipment Manufacturers (OEMs). The breadth and depth of technical certifications held by team members has allowed Vital to achieve the highest level partner status with its vendors, including: Cisco Gold, HP Elite, EMC Velocity Premier, VMWare Premier and Microsoft Gold.

Buy $45M

Seller(S) 1

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 5 of 34
Sector (Information Technology) 1 of 9
Type (Add-on Acquisition) 2 of 15
State (Wisconsin) 1 of 1
Country (United States) 5 of 34
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 TriTech Software Systems

San Diego, California, United States

TriTech Software Systems is a provider of enterprise and mobile communication software and services to public safety customers. TriTech’s solutions are used by 911 call centers and police, fire and emergency medical services agencies to respond to, process, dispatch and communicate emergency responses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-16 Resource/Ammirati

Columbus, Ohio, United States

Resource/Ammirati is a digital marketing services firm with expertise in digital design & strategy, social media, and mobile commerce. RA combines creative insight-driven content and campaigns with commerce solutions that harness value from disruptive technologies such as social media and distributed commerce. RA’s client base includes globally-recognized companies within the consumer goods, retail, and technology industries.

Buy -
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