M&A Deal Summary

Wave Broadband Acquires Black Rock Cable

On January 10, 2013, Wave Broadband acquired communications company Black Rock Cable for 50M USD

Acquisition Highlights
  • This is Wave Broadband’s 2nd transaction in the Communications sector.
  • This is Wave Broadband’s largest (disclosed) transaction.
  • This is Wave Broadband’s 3rd transaction in the United States.
  • This is Wave Broadband’s 1st transaction in Washington.

M&A Deal Summary
Date 2013-01-10
Target Black Rock Cable
Sector Communications
Buyer(s) Wave Broadband
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Black Rock Cable

Bellingham, Washington, United States
website
Black Rock Cable, Inc. is a fiber based communication services and solutions. Black Rock Cable is a provider of high-speed fiber optic (dark fiber) connectivity to Whatcom, Skagit, and Snohomish counties.

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Buyer(S) 1

Buyer

Wave Broadband

Kirkland, Washington, United States

website

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 3 of 12
Sector (Communications) 2 of 9
Type (Add-on Acquisition) 2 of 11
State (Washington) 1 of 6
Country (United States) 3 of 12
Year (2013) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-12 Spectrum Networks

Seattle, Washington, United States

Spectrum Networks, Inc. is a provider in data center to data center transport and sophisticated high-bandwidth internet connectivity. Spectrum provides wholesale Internet and transport services to businesses.

Buy -
Mergr

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