M&A Deal Summary

Zayo Acquires ENA

On March 3, 2022, Zayo acquired communications company ENA from ZMC

Acquisition Highlights
  • This is Zayo’s 25th transaction in the Communications sector.
  • This is Zayo’s 28th transaction in the United States.
  • This is Zayo’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2022-03-03
Target ENA
Sector Communications
Buyer(s) Zayo
Sellers(s) ZMC
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)
Kirkland & Ellis (Legal)

Target

ENA

Nashville, Tennessee, United States
ENA is an education and telecommunications industry as a managed network and communication services provider ENA delivers future-ready connectivity, communication, cloud, and security solutions to education, library, healthcare, and government organizations nationwide. ENA was founded in 1996 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Zayo

Boulder, Colorado, United States
Category Company
Founded 2007
Sector Communications
Employees3,700
Revenue 2.6B USD (2018)
DESCRIPTION
Zayo's corporate headquarters in Boulder, Colorado.
Zayo's corporate headquarters in Boulder, Colorado.

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

DEAL STATS #
Overall 35 of 35
Sector (Communications) 25 of 25
Type (Add-on Acquisition) 33 of 33
State (Tennessee) 2 of 2
Country (United States) 28 of 28
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 QOS Networks

Irvine, California, United States

QOS Networks is a managed service provider helping companies through their digital transformation. At its core, QOS empowers IT teams and lines of business to be highly productive with complete solutions from edge to cloud. Headquartered in Irvine, California, QOS turns network data into actionable insights through advanced monitoring, analytics, and management – enabled by automation and AI – so customers can proactively discover opportunities that will strengthen their organization.

Buy -

Seller(S) 1

SELLER

ZMC

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Zelnick Media Capital (ZMC) is a private equity firm focused on the media and communications sectors. ZMC looks to partner with management teams when pursuing transactions and will consider a variety of transaction situations, including growth-oriented investments and companies in need of operational improvement. Zelnick Media Capital was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Tennessee) 1 of 1
Country (United States) 6 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Simpler Trading

Austin, Texas, United States

Simpler Trading is a financial education platform providing best in class community, education and tools to individual traders and investors. The Company’s suite of diverse live and evergreen online education content engages active individual traders with actionable trading strategies. Simpler Trading was founded in 1999 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Resonate

Reston, Virginia, United States

Resonate is a SaaS-based provider of real-time consumer insights, data, and media activation and offers the single source of in-depth proprietary profiles on 200M+ US adult consumers. Resonate was founded in 2008 and is based in Reston, Virginia.

Buy -
Mergr

Product

Company

Legal