M&A Deal Summary

Uniti Group Acquires Southern Light

On April 10, 2017, Uniti Group acquired communications company Southern Light for 700M USD

Acquisition Highlights
  • This is Uniti Group’s 3rd transaction in the Communications sector.
  • This is Uniti Group’s largest (disclosed) transaction.
  • This is Uniti Group’s 4th transaction in the United States.
  • This is Uniti Group’s 1st transaction in Alabama.

M&A Deal Summary
Date 2017-04-10
Target Southern Light
Sector Communications
Buyer(s) Uniti Group
Deal Type Add-on Acquisition
Deal Value 700M USD
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)
Morgan Lewis
McDowell Knight Roedder & Sledge LLC (Legal)

Target

Southern Light

Mobile, Alabama, United States
website
Southern Light LLC is a provider of data transport services along the Gulf Coast region serving twelve attractive Tier II and Tier III markets across Florida, Alabama, Louisiana, Georgia, and Mississippi. Southern Light’s dense regional fiber network comprises nearly 540,000 fiber strand miles, 5,700 fiber route miles, and over 4,500 on-net locations. Southern Light and Hunt will double Uniti Fiber’s operational network to encompass over one million fiber strand miles, and increase Uniti’s aggregate strand miles to over 4.8 million.

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Buyer(S) 1

Buyer

Uniti Group

Little Rock, Arizona, United States

website

Category Company
Sector Real Estate
Employees787
Revenue 1.1B USD (2020)
DESCRIPTION
Uniti's headquarters in Little Rock, Arkansas.
Uniti's headquarters in Little Rock, Arkansas.

Uniti Group is a real estate investment trust engaged in the acquisition and construction of mission-critical infrastructure in the communications industry. Uniti Group is based in Little Rock, Arizona.

DEAL STATS #
Overall 4 of 4
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Alabama) 1 of 1
Country (United States) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Nms

Aventura, Florida, United States

Nms Ltd. (Network Management Services) is an independent owner and operator of broadcast telecommunications towers and other real estates in Colombia, Mexico, and Nicaragua. Network Management Services was founded in 2011 and is based in Aventura, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Harmoni Towers

Little Rock, Arkansas, United States

Harmoni Towers owns, operates, and builds mission-critical communications infrastructure. The company focuses on the acquisition and construction of communication networks and works with customers in a wide variety of situations, including monetizing existing assets and new site development. Harmoni Towers is based in Little Rock, Arkansas.

Sell -
Mergr

Product

Company

Legal