M&A Deal Summary

Wave Broadband Acquires Willamette Broadband

On December 1, 2007, Wave Broadband acquired media company Willamette Broadband from BIA Digital Partners

Acquisition Highlights
  • This is Wave Broadband’s 1st transaction in the Media sector.
  • This is Wave Broadband’s 1st transaction in the United States.
  • This is Wave Broadband’s 1st transaction in Oregon.

M&A Deal Summary

Date 2007-12-01
Target Willamette Broadband
Sector Media
Buyer(s) Wave Broadband
Sellers(s) BIA Digital Partners
Deal Type Add-on Acquisition

Target

Willamette Broadband

Woodburn, Oregon, United States
Willamette provides high-speed internet and cable television to predominantly suburban markets in Oregon.

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Buyer(S) 1

Buyer

Wave Broadband

Kirkland, Washington, United States

Category Company
Founded 1950
Sector Communications
DESCRIPTION

Wave Broadband LLC is a provider of industry major high-speed internet, all-digital TV and phone services for residential, small/medium and Enterprise business customers. PC Magazine’s Readers’ Choice Award named RCN one of the winners for best ISPs in 2013, 2015 and 2016 – RCN was rated highest in overall satisfaction. RCN is YouTube HD Verified, earning the company the highest-ranking that Google offers. RCN is also a Netflix Open Connect partner, placing in the Top rankings on the Netflix USA ISP Speed Index in the markets RCN serves. RCN's affordably priced advanced digital services are delivered through its proprietary, state-of-the-art fiber-rich network and supported by 100% U.S.-based customer service. RCN's primary service areas include Boston, Chicago, Lehigh Valley (PA), New York City, Philadelphia (Delaware County) and Washington, DC.


DEAL STATS #
Overall 1 of 12
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 11
State (Oregon) 1 of 2
Country (United States) 1 of 12
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-17 Broadstripe Cable Systems

United States

Broadstripe cable systems in Washington and Oregon which reach more than 103,000 homes.

Buy -

Seller(S) 1

SELLER

BIA Digital Partners

Chantilly, Virginia, United States

Category Mezzanine Finance Firm
Founded 1983
PE ASSETS 283M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BIA Digital Partners is a private investment firm focused on making junior capital investments in businesses serving the media/entertainment, telecommunications, information services, and business services sectors. The Firm has a special interest in companies generating a significant level of recurring revenue. BIA typically invests in businesses valued from $20 to $100 million and revenues $15 to $100 million. Investment proceeds are generally used to pursue organic growth opportunities, make acquisitions, fund management or leveraged buyouts, recapitlizations, and debt refinancings. BIA is licensed as a SBIC and is based in Chantilly, Virginia.


DEAL STATS #
Overall 6 of 23
Sector (Media) 1 of 5
Type (Add-on Acquisition) 4 of 10
State (Oregon) 1 of 1
Country (United States) 6 of 23
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 DigitalBridge Communications

Ashburn, Virginia, United States

DigitalBridge Communications Corp. is a telecommunications service provider focused on using WiMAX to deliver broadband services to underserved communities nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Market Tech Media

Valencia, California, United States

Market Tech Media offers local merchants and service providers, as well as franchisees of national companies, a suite of targeted advertising products and services which are distributed through a national network of 9,500 supermarkets. The company's largest products are Register Tape Network, Adcart, and Market Information Centers. Market Tech Media is based in Valencia, California.

Buy -