M&A Deal Summary

US Signal Company Acquires OneNeck

On June 3, 2024, US Signal Company acquired information technology company OneNeck from Telephone & Data Systems

Acquisition Highlights
  • This is US Signal Company’s 1st transaction in the Information Technology sector.
  • This is US Signal Company’s 1st transaction in the United States.
  • This is US Signal Company’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2024-06-03
Target OneNeck
Sector Information Technology
Buyer(s) US Signal Company
Sellers(s) Telephone & Data Systems
Deal Type Divestiture

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

US Signal Company

Grand Rapids, Michigan, United States

Category Company
Founded 2001
Sector Internet Software and Services
DESCRIPTION

US Signal Company provides network, data center, connectivity, cloud hosting, colocation, data protection, and disaster recovery services to regional enterprise customers and large national telecommunications carriers. US Signal Company was founded in 2001 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

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 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 Mountain States Networking

Salt Lake City, Utah, United States

MSN Communications, Inc. (dba Mountain States Networking) is a network solutions provider.

Sell -