M&A Deal Summary

Valor Telecommunications Acquires Kerrville Communications

On February 5, 2002, Valor Telecommunications acquired communications company Kerrville Communications from Ridgemont Equity Partners

Acquisition Highlights
  • This is Valor Telecommunications’ 1st transaction in the Communications sector.
  • This is Valor Telecommunications’ 1st transaction in the United States.
  • This is Valor Telecommunications’ 1st transaction in Texas.

M&A Deal Summary

Date 2002-02-05
Target Kerrville Communications
Sector Communications
Buyer(s) Valor Telecommunications
Sellers(s) Ridgemont Equity Partners
Deal Type Add-on Acquisition

Target

Kerrville Communications

Irving, Texas, United States
The largest independent provider of rural local exchange services in the state of Texas. BACI provided subordinated debt and equity financing to sponsor a recapitalization transaction of this formerly family owned business. The company was acquired by Valor Telecommunications, LLC in 2002.

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Buyer(S) 1

Buyer

Valor Telecommunications

Little Rock, Arkansas, United States

Category Company
Founded 1999
Sector Communications
DESCRIPTION

Valor Telecommunications, LLC, is a privately held company that was formed through acquisition of properties from Verizon Communications.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1

Seller(S) 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 11 of 93
Sector: Communications M&A 1 of 9
Type: Add-on Acquisition M&A Deals 7 of 36
State: Texas M&A 3 of 21
Country: United States M&A 11 of 82
Year: 2002 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Phoenix Scientific

Fort Dodge, Iowa, United States

Phoenix Scientific, Inc. manufactures veterinary pharmaceutical preparations Toy balloons or balls, Dolls, Doll houses, Stuffed animals or puppets, Playhouses, Building blocks, Riding toys, Pull toys, Childrens science kits, Toy vehicles, Toy trains, Inflatable toys, Doll parts or accessories, Yo yos, Kites, Pogs, Kaleidoscopes, Pom poms, Pinatas, Boomerangs, Flying discs, Toy pails.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-28 Aurora Communications

United States

Aurora Communications, Inc. is a privately held company formed to acquire and operate small market radio stations throughout the United States. The company was acquired by Cumulus Media, Inc. in March 2002.

Sell -