Tracked deals
13
13 tracked deals across 2015-2026.
Telecommunications Buyers & Acquisitions in Indiana
Buyer mix
Mixed buyer set
10 pe · 9 strategic
Top trend
Volume peaked in 2021
5 tracked deals announced in 2021.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| KKR | 2 | Global investment firm managing private equity, infrastru... | PE |
| Novacap | 2 | Leading North American private equity firm focused on TMT... | PE |
| Bain Capital Credit | 1 | Global credit specialist investing across credit strategi... | PE |
| Enghouse Systems Limited | 1 | Publicly traded global provider of enterprise software so... | Strategic |
| Grain Management, LLC | 1 | Private investment firm focused on communications and dig... | PE |
| Great Plains Communications | 1 | Midwestern fiber-driven telecommunications provider offer... | Strategic (PE-backed) |
| Horizon | 1 | Facilities-based fiber-optic broadband service provider o... | Strategic (PE-backed) |
| KLH Capital | 1 | Lower middle-market private equity firm investing in fami... | PE |
| MetroNet management | 1 | Executive leadership and management team of MetroNet part... | Investor |
| Mobile Communications America, Inc. (MCA) | 1 | Provider of wireless communication, data and security sol... | Strategic |
Acquisition Volume in Telecommunications in Indiana by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- TCC, Round Room, LLC
- Target
- R Wireless
- Seller
- R Wireless
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Addon
TCC, a Verizon-authorized retailer under Round Room, LLC, acquired 36 retail locations from R Wireless. The stores expand TCC’s Northeast presence across Connecticut, Massachusetts, New Jersey, New York, and Pennsylvania and bring more than 100 R Wireless employees into TCC.
-
February 14, 2025
- Buyer
- Mobile Communications America, Inc. (MCA)
- Target
- Ra-Comm, Inc.
- Seller
- Allen Williams, Jim DeVon
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Mobile Communications America, Inc. (MCA) has acquired Ra-Comm, Inc., a Motorola Solutions Channel Partner headquartered in Lafayette, Indiana. The acquisition expands MCA's geographic footprint into Indiana and strengthens its capabilities serving public safety, education, and industrial customers in the Great Lakes region.
-
July 24, 2024
- Buyer
- KKR, T-Mobile
- Target
- Metronet
- Seller
- Oak Hill Capital, Cinelli family
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Metronet announced definitive agreements to sell the company to a joint venture between KKR and T-Mobile. After closing on July 24, 2025, Metronet became a wholesale internet services provider for its residential customers, with T-Mobile Fiber taking responsibility for residential customer acquisition, support, and customer experience, while Metronet continues to build and operate fiber infrastructure and retain its commercial services business.
-
- Buyer
- Novacap
- Target
- Communications Venture Corporation, Inc. (DBA INdigital)
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Novacap has completed its acquisition of Communications Venture Corporation, Inc. (DBA INdigital), a provider of Next Generation 9-1-1 (NG911) and emergency communications platforms. The investment brings INdigital into Novacap's Digital Infrastructure platform to accelerate product innovation and expand its NG911 capabilities and market reach across North America.
-
October 30, 2023
- Buyer
- Searchlight Capital Partners, L.P.
- Target
- Mainstream Fiber Networks
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Growth capital
Searchlight Capital Partners has made a strategic growth investment in Mainstream Fiber Networks to accelerate the Indiana-based fiber ISP's expansion into unserved and underserved rural communities. The capital will support Mainstream's buildout of next-generation fiber across the state, leveraging existing grant relationships and aiming to connect hundreds of thousands of homes and businesses.
-
July 20, 2021
- Buyer
- Netrality Data Centers
- Target
- Indy Telcom Center
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Netrality Data Centers acquired Indy Telcom Center, a 205,000-square-foot carrier-hotel campus in downtown Indianapolis, Indiana, expanding its footprint and interconnection/colocation capabilities across the U.S. Midwest. The existing management team will remain in place following the transaction.
-
- Buyer
- Bain Capital Credit, Post Road Group
- Target
- Surf Broadband Solutions
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Bain Capital Credit will acquire a majority stake in Surf Broadband Solutions and commit significant growth capital to accelerate the company’s fiber-to-the-premises (FTTP) network expansion across the Great Lakes region. Post Road Group will remain an investor alongside Bain; the company will continue to be led by its current management team and the deal is expected to close in Q3 2021 subject to customary approvals.
-
June 1, 2021
- Buyer
- Zayo Group Holdings, Inc.
- Target
- Intelligent Fiber Network (Indiana Fiber Network, LLC)
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Zayo Group Holdings, Inc. completed the acquisition of Indiana Fiber Network, LLC d/b/a Intelligent Fiber Network (IFN), adding more than 5,000 route miles of dense fiber and on‑net connectivity to nearly 1,000 enterprise buildings across Indiana. The deal expands Zayo’s Indiana footprint to over 7,500 route miles and is Zayo’s 46th acquisition and its first under private ownership led by EQT Partners and Digital Colony Partners.
-
April 21, 2021
- Buyer
- Oak Hill Capital, KKR, MetroNet management
- Target
- MetroNet
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Growth capital
Funds managed by KKR will join long-time partner Oak Hill Capital and MetroNet management in making new equity investments in MetroNet to accelerate deployment of fiber-to-the-premise (FTTP) broadband. The capital will support MetroNet's continued expansion of its 100% fiber optic network into additional U.S. communities and growth of residential and business broadband services.
-
March 2, 2021
- Buyer
- Horizon, Novacap
- Target
- Infinity Fiber, LLC
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Addon
Horizon (a Novacap-backed, Columbus, Ohio-based fiber operator) has acquired Infinity Fiber, LLC, adding roughly 450 route miles and expanding Horizon's footprint into Indiana. The deal augments Horizon's existing fiber infrastructure to provide direct connectivity between Chicago, South Bend and Indianapolis and to multiple Indiana data centers for carrier and enterprise customers.
-
- Buyer
- Great Plains Communications, Grain Management, LLC
- Target
- Enhanced Telecommunications Corporation (ETC)
- Seller
- Miles family (ETC)
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Great Plains Communications, backed by investor Grain Management, has completed the acquisition of Enhanced Telecommunications Corporation (ETC), a family-owned Southeastern Indiana telecommunications provider. The deal expands Great Plains' fiber footprint and broadband services into Indiana, adding ETC's ~14,000 customers and a local workforce of over 90 employees.
-
April 1, 2019
- Buyer
- KLH Capital
- Target
- ElectriCom, LLC
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Recapitalization
KLH Capital has partnered with the management team of ElectriCom, LLC to complete a recapitalization of the business. ElectriCom, founded in 1960, is a utility construction contractor providing aerial, underground, wireless and right-of-way installation and maintenance services to telecommunications and utility customers across the U.S.; KLH said it will support the company's continued growth and geographic expansion.
-
December 8, 2015
- Buyer
- Enghouse Systems Limited
- Target
- CTI Group (Holdings) Inc.
- Industry
- Telecommunications
- Location
- Indiana, United States
- Type
- Buyout
Enghouse Systems Limited has completed the acquisition of CTI Group (Holdings) Inc. for U$0.61 per share, representing a 76% premium to the prior closing price. CTI, an Indianapolis-headquartered provider of carrier-grade analytics, call recording and enterprise communications management software, will complement Enghouse's telecommunications operator solutions; Cherry Tree acted as advisor to CTI's board.
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