M&A Deal Summary

TPT Global Tech Acquires SpeedConnect

On April 8, 2019, TPT Global Tech acquired communications company SpeedConnect from NewSpring Capital for 2M USD

Acquisition Highlights
  • This is TPT Global Tech’s 2nd transaction in the Communications sector.
  • This is TPT Global Tech’s largest (disclosed) transaction.
  • This is TPT Global Tech’s 5th transaction in the United States.
  • This is TPT Global Tech’s 1st transaction in Michigan.

M&A Deal Summary
Date 2019-04-08
Target SpeedConnect
Sector Communications
Buyer(s) TPT Global Tech
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

SpeedConnect

Frankenmuth, Michigan, United States
SpeedConnect, Inc. is a privately-held Broadband Wireless Access (BWA) provider. Today, SpeedConnect is one of the nation’s largest rural wireless broadband Internet providers which serves over 20,000 residential and commercial wireless broadband Internet customers in Arizona, Idaho, Illinois, Iowa, Michigan, Montana, Nebraska, South Dakota, and Texas.

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Buyer(S) 1

Buyer

TPT Global Tech

San Antonio, Florida, United States
Category Company
Sector Information Technology
DESCRIPTION

TPT Global Tech, Inc. is a technology/telecommunications media content Hub for domestic and international syndication and also provides technology solutions to businesses domestically and worldwide.

DEAL STATS #
Overall 6 of 8
Sector (Communications) 2 of 3
Type (Add-on Acquisition) 6 of 7
State (Michigan) 1 of 1
Country (United States) 5 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Blue Collar Productions

West Hollywood, California, United States

Blue Collar Productions, Inc. is a creative content and video production company located in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Bridge Internet

Delaware, United States

Bridge Internet LLC provides communities with state-of-the-art High-Speed Internet, Voice and IPTV services. Bridge Internet offers a Joint Venture (JV) business model to Municipalities, Cooperatives and Individual Territory Owners throughout the United States.

Buy -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 53 of 85
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 34 of 48
State (Michigan) 1 of 1
Country (United States) 52 of 84
Year (2019) 1 of 8
Size (of disclosed) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 Turning Point Restaurants

Oakhurst, New Jersey, United States

Turning Point Restaurants provides breakfast, brunch, and lunch. Turning Point currently operates 16 locations in the Mid-Atlantic. Turning Point Restaurants is based in Oakhurst, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-13 Sussex Wire

Easton, Pennsylvania, United States

Sussex Wire, Inc. specializes in the design, manufacturing, and distribution of highly-engineered, specialty metal parts and components utilizing cold-forming technology. Sussex Wire was founded in 1974 and is based in Easton, Pennsylvania.

Sell -
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