Tracked deals
21
21 tracked deals across 2017-2024.
Telecommunications Buyers & Acquisitions in Ohio
Buyer mix
Strategic-led
18 strategic · 8 pe
Top trend
Volume peaked in 2022
7 tracked deals announced in 2022.
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 |
|---|---|---|---|
| Oak Hill Capital | 2 | Middle-market private equity firm focused on media & comm... | PE |
| Omni Fiber | 2 | Fiber-to-the-premises (FTTP) broadband operator focused o... | Strategic (PE-backed) |
| ADB Companies | 1 | Turnkey provider of technology infrastructure solutions (... | Strategic (PE-backed) |
| Cequel III | 1 | Investment and management firm focused on service-oriente... | PE |
| DartPoints | 1 | Developer, owner and operator of carrier‑neutral edge col... | Strategic (PE-backed) |
| ETAK Systems, Inc. | 1 | Outsourced service provider to wireless carriers and towe... | Strategic (PE-backed) |
| Horizon | 1 | Facilities-based fiber-optic broadband service provider o... | Strategic (PE-backed) |
| Lynn Electronics | 1 | Manufacturer of custom fiber-optic and copper cable assem... | Strategic |
| M/C Partners | 1 | Private equity firm focused on digital infrastructure and... | PE |
| Macquarie Asset Management (MAM) | 1 | Global asset manager that manages infrastructure and othe... | PE |
Acquisition Volume in Telecommunications in Ohio by Year
Last 7 years
Supporting Data
Recent Transactions
-
November 20, 2024
- Buyer
- Omni Fiber, Oak Hill Capital
- Target
- Lit Fiber
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Addon
Omni Fiber and Lit Fiber have agreed to merge, consolidating Lit Fiber's Medina County, Ohio network into Omni Fiber to accelerate fiber-to-the-home expansion and speed market rollout. Both companies are majority-owned by Oak Hill Capital; existing Lit Fiber shareholders Stephens Capital Partners and The Pritzker Organization will remain minority investors and continue to support the business.
-
- Buyer
- Shenandoah Telecommunications Company (Shentel)
- Target
- Horizon Acquisition Parent LLC (Horizon Telcom)
- Seller
- GCM Grosvenor
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Shenandoah Telecommunications Company (Shentel) agreed to acquire 100% of Horizon Acquisition Parent LLC (Horizon Telcom) for $385 million, consisting of $305 million in cash and $80 million in Shentel common stock. The deal was completed in April 2024, with Shentel expanding its commercial fiber footprint in Ohio and adjacent states and planning to re-brand Horizon’s businesses to Glo Fiber.
-
March 25, 2024
- Buyer
- Nitel
- Target
- WAN Dynamics
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Addon
Nitel has acquired Cleveland-based WAN Dynamics to strengthen its managed SD-WAN, network, and security capabilities. Operating under the Nitel brand, the transaction expands technical, management, and professional services resources as part of Nitel's growth strategy following Cinven's earlier investment.
-
December 22, 2023
- Buyer
- Pavlov Media
- Target
- iZone Broadband
- Seller
- Scott Lanham
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Pavlov Media has acquired iZone Broadband, a small regional ISP serving parts of Central Ohio (SW Knox, NW Licking and NE Delaware counties). The acquisition expands Pavlov Media's residential and business service footprint into Central Ohio and brings iZone customers onto Pavlov's national broadband backbone and customer support resources.
-
July 18, 2023
- Buyer
- Zentro, M/C Partners
- Target
- Snip Internet
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Addon
Zentro, a Midwest MDU-focused ISP, acquired Ohio-based Snip Internet to expand its multi-dwelling-unit footprint across the region. Backed by private equity firm M/C Partners, the combined business now serves roughly 1,200 buildings and 61,000 subscribers across multiple metro markets; Houlihan Lokey advised Snip on the transaction.
-
- Buyer
- VERITÀ Telecommunications Corporation
- Target
- Taylor Telecommunications Inc.
- Seller
- Tam Taylor (Founder)
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Plymouth, Michigan-based VERITÀ Telecommunications acquired Taylor Telecommunications Inc., adding Taylor’s ~130 employees, equipment and Outside Plant (OSP) capabilities to VERITÀ’s operations. The deal expands VERITÀ’s coverage in the Great Lakes (Cleveland, Akron, Youngstown, Columbus) and is expected to materially boost revenue and create additional jobs; Taylor will operate as a division of VERITÀ.
-
November 30, 2022
- Buyer
- Omni Fiber
- Target
- Ohio Telecom, Inc.
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Omni Fiber completed the acquisition of Port Clinton–based Ohio Telecom, Inc. on November 30, 2022 to accelerate its FTTP expansion across Northern Ohio. The deal brings Ohio Telecom employees and customers into Omni Fiber, enables upgrades to Omni's 100% fiber network (up to 2 Gbps) in existing and adjacent markets, and positions Omni to speed planned construction in Sandusky, Perkins Township and Fremont.
-
- Buyer
- Cequel III
- Target
- Benton Ridge Telephone Company, Watch Communications (W.A.T.C.H. TV Company dba Watch Communications), Community Fiber Solutions (CFS)
- Seller
- Benton Ridge Telephone Company shareholders
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Benton Ridge Telephone Company (BRTC) and its broadband subsidiaries have had shareholders approve the acquisition by Cequel III, a St. Louis-based investment and management firm. The deal is pending regulatory approvals and is expected to close in the fourth quarter of 2022, supporting continued expansion of hybrid fiber and fixed wireless broadband through BRTC’s Watch Communications and Community Fiber Solutions subsidiaries.
-
August 23, 2022
- Buyer
- UPSTACK
- Target
- ChaseTek Partners LLC
- Seller
- Chris Wolfe, Michael Marlowe
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Addon
UPSTACK acquired ChaseTek Partners LLC, an independent telecom agency and technology consultancy founded in 2004 that serves multilocation businesses. As part of the deal, ChaseTek founders Chris Wolfe and Michael Marlowe will join UPSTACK as Partners and Managing Directors and a team of eight technology specialists will integrate into UPSTACK's support organization; terms were not disclosed.
-
- Buyer
- Oak Hill Capital
- Target
- Omni Fiber
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Growth capital
Oak Hill Capital committed $250 million from its Oak Hill Capital Partners VI fund as the majority investor in newly formed Omni Fiber to accelerate construction of 100% fiber-to-the-premises networks serving small and mid-sized markets in the U.S. Midwest. Omni Fiber, an Ohio-based FTTP internet service provider led by CEO Darrick Zucco, will offer up to 2 Gbps symmetrical service with no data caps and initial projects in Ohio, Pennsylvania and Michigan targeting underserved communities.
-
June 27, 2022
- Buyer
- World Cinema, Inc. (WCI)
- Target
- Hospitality WiFi LLC
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
World Cinema, Inc. (WCI) has entered into an agreement to acquire Ohio-based Hospitality WiFi LLC, combining WCI's video and property-technology capabilities with Hospitality WiFi's managed wired and wireless networking services for the hospitality sector. The deal creates a converged services provider serving roughly 7,000 properties (about 900,000 rooms) and aims to expand capabilities across in-room entertainment, networking, digital signage, smart building and common-area video intelligence.
-
- Buyer
- altafiber
- Target
- Agile Network Builders, LLC (Agile)
- Seller
- American Tower Corporation
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
altafiber (formerly Cincinnati Bell) has closed its acquisition of Agile Network Builders, LLC, a Canton, Ohio-based provider of hybrid fiber-wireless networks and wireless infrastructure leasing. The deal expands altafiber's middle-mile, last-mile and wireless infrastructure capabilities across Ohio and neighboring states, supporting connectivity for public safety entities, carriers and rural ISPs.
-
- Buyer
- Thomson Broadcast
- Target
- GatesAir
- Seller
- An affiliate of The Gores Group (The Gores Group)
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Thomson Broadcast has signed a definitive agreement to acquire GatesAir from an affiliate of The Gores Group, with the transaction expected to close in the second half of 2022 subject to regulatory approvals. The combination will pair Thomson's DTV and AM radio transmission expertise with GatesAir's over-the-air broadcast transmission products and services to create a larger, more capable, turnkey broadcast solutions platform; terms were not disclosed.
-
October 21, 2021
- Buyer
- ADB Companies, Warren Equity Partners
- Target
- PrimeTech Communications
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Addon
ADB Companies, a portfolio company of Warren Equity Partners, has acquired PrimeTech Communications, a Cincinnati-based provider of utility and telecommunications construction services. The acquisition expands ADB's geographic footprint in the Midwest and augments its wireline capabilities as part of ADB's rapid inorganic growth plan.
-
September 7, 2021
- Buyer
- Macquarie Infrastructure Partners V (MIP), Macquarie Asset Management (MAM)
- Target
- Cincinnati Bell Inc.
- Seller
- Cincinnati Bell shareholders, Holders of 6 3/4% Cumulative Convertible Preferred Shares (Depositary Shares)
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Macquarie Infrastructure Partners V (MIP), via Macquarie Asset Management, completed an all-cash acquisition of Cincinnati Bell Inc. for approximately $2.9 billion including debt. The deal (at $15.50 per share) takes Cincinnati Bell private and is intended to accelerate the company’s fiber build and support strategic investments in its CBTS IT services business.
-
- Buyer
- Horizon
- Target
- Consolidated Cooperative (commercial fiber business)
- Seller
- Consolidated Cooperative
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Divestiture
Horizon, a Columbus-based fiber-optic broadband provider, has acquired Consolidated Cooperative’s commercial fiber business, adding approximately 450 route miles of fiber and expanding Horizon’s Midwest footprint into Delaware, Marion and Richland counties. Consolidated Cooperative will retain its residential fiber internet services while Horizon will continue serving acquired commercial customers under existing contracts.
-
March 15, 2021
- Buyer
- Lynn Electronics
- Target
- Total Cable Solutions
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Lynn Electronics completed its acquisition of Total Cable Solutions (TCS), a Springboro, Ohio manufacturer of telecom and data center cable products. The deal expands Lynn's product portfolio and manufacturing capacity—adding a third 11,500 sq. ft. facility—and strengthens its position in the telecom and data center markets.
-
October 28, 2020
- Buyer
- DartPoints
- Target
- Metro Data Centers
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Addon
DartPoints, a Dallas-based owner and operator of edge colocation data centers, has acquired Metro Data Centers (MDC), a carrier-neutral data center provider in Dublin, Ohio. The acquisition expands DartPoints' regional footprint and adds over 22,000 square feet of colocation and carrier-neutral interconnection capacity to support cloud and content service providers in Central Ohio.
-
- Buyer
- Watch Communications
- Target
- West Central Ohio Internet Link (WCOIL)
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Watch Communications has acquired West Central Ohio Internet Link (WCOIL), a Lima, Ohio-based ISP that serves more than 2,000 customers and provides broadband, business phone, managed IT, security and cybersecurity services. The purchase expands Watch Communications’ footprint in central Ohio and adds WCOIL’s service capabilities and local team to Watch’s rural-focused broadband platform.
-
April 19, 2019
- Buyer
- Momentum Telecom
- Target
- DCT Telecom Group, Inc.
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Momentum Telecom, an Atlanta-based cloud communications provider, has agreed to acquire Cleveland-headquartered DCT Telecom Group, a provider of cloud voice and network solutions. The deal expands Momentum's geographic presence and enterprise customer base while adding complementary managed broadband, internet and cloud voice capabilities to its platform; terms were not disclosed.
-
- Buyer
- ETAK Systems, Inc., Mosaic Capital Partners, LLC
- Target
- Undisclosed Ohio-based wireless tower construction and site acquisition engineering services provider
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Addon
ETAK Systems, a Charlotte-based portfolio company of Mosaic Capital Partners, has acquired an Ohio-based provider of wireless tower construction and site-acquisition engineering services. The add-on expands ETAK's geographic coverage into the Ohio Valley, adds tower crews and site management capabilities, and allows ETAK to integrate drone mapping and 3D modeling into the target's site-acquisition work.
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