M&A Deal Summary

Western Wireless Acquires Triad Cellular

On April 24, 1997, Western Wireless acquired communications company Triad Cellular from M/C Partners for 185M USD

Acquisition Highlights
  • This is Western Wireless’ 1st transaction in the Communications sector.
  • This is Western Wireless’ largest (disclosed) transaction.
  • This is Western Wireless’ 1st transaction in the United States.
  • This is Western Wireless’ 1st transaction in California.

M&A Deal Summary
Date 1997-04-24
Target Triad Cellular
Sector Communications
Buyer(s) Western Wireless
Sellers(s) M/C Partners
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Triad Cellular

Menlo Park, California, United States
Triad Cellular Corp. is a provider of wireless communication services serving the rural Texas, Utah, Minnesota and Oklahoma markets.

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Buyer(S) 1

Buyer

Western Wireless

Issaquah, Washington, United States

website

Category Company
Sector Communications
DESCRIPTION

Western Wireless Corporation is a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $5 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.

DEAL STATS #
Overall 2 of 31
Sector (Communications) 2 of 20
Type (Add-on Acquisition) 1 of 16
State (California) 1 of 3
Country (United States) 2 of 26
Year (1997) 1 of 1
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Triton Cellular Partners

Albany, Oregon, United States

Triton Cellular Partners LP is an investment vehicle for the acquisition of rural cellular telephony properties in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 NuVox Communications

Greenville, South Carolina, United States

NuVox Communications, Inc. is an integrated communications provider. NuVox is a competitive local exchange carrier (CLEC) offering comprehensive voice and data communications products and services to customers. NuVox delivers services via its industry MPLS-based wide area private IP network.

Buy -
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