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January 03, 2012 in Seaport News
Internap Acquires Enterprise Hosting and Cloud Services Provider Voxel
ATLANTA - January 3, 2012 ─ Internap Network Services Corporation (NASDAQ: INAP), a provider of intelligent IT infrastructure services, today announced that it has acquired Voxel Holdings, Inc., a provider of scalable hosting and cloud services for the enterprise, in an all cash transaction valued at approximately $30 million, plus an additional potential $5 million in cash tied to the delivery of specific objectives during the next two years. The transaction was closed on Friday, December 30, 2011. Headquartered in New York City, with a global presence extending into North America, Europe and Asia, Voxel serves more than 1,000 customers and has approximately 50 employees.
April 05, 2011 in Seaport News
Logicworks Secures Growth Financing from Seaport Capital
NEW YORK, NY - April 4th, 2011 -- Logicworks, a leading provider of enterprise hosting and cloud computing solutions, announced today that it has raised $7.6 million in growth financing from Seaport Capital, LLC. The new capital will be used to support the growth of Logicworks' cloud computing platform, infiniCloudTM, to expand sales and marketing initiatives, and to invest further in software development, for the benefit of the company's media, financial services, healthcare, and SaaS clientele.
March 24, 2011 in Seaport News
Seaport Capital Completes New Investment in Voxel
NEW YORK, NY- (March 24, 2011) - Voxel, a leading provider of hybrid cloud hosting and managed services, announced today that it has completed a $5.5 million debt and equity capital raise led by Seaport Capital, a private equity firm focused on growth and buyout opportunities in the communications, information technology and business services sectors.
February 02, 2011 in Seaport News
Seaport Capital Completes New Investment in Bay Communications II
MANSFIELD, MA - (February 1, 2011) - Bay Communications II, LLC announced today it has completed a capital raise led by Seaport Capital. Bay Communications II was founded by Jim Riley, a tower developer with nearly two decades of experience of developing towers in the Northeast. Mr. Riley also participated in the investment. Additional terms of the investment were not disclosed. Seaport Capital, an investment firm focused on growth and buyout opportunities, has extensive experience investing in the cellular tower industry. Bay Communications II is Seaport's fourth tower development company investment.
October 08, 2010 in Seaport News
Seaport Capital Invests in Municipal Communications
ATLANTA, GA - (October 8, 2010) - Municipal Communications, LLC announced today it has completed a $10.75 million capital raise led by Seaport Capital, a private equity firm focused on growth and buyout opportunities in the communications, information and business services, and media sectors. Municipal Communications represents the first transaction made by Seaport Capital's fourth fund, Seaport Capital Partners IV, L.P. The company co-founders also participated in the investment.
October 05, 2010 in Seaport News
Seaport Capital Partners Sells Peak 10
Peak 10 Inc., a managed services company with world-class data centers, and Welsh, Carson, Anderson & Stowe ("Welsh Carson"), a leading private equity firm, have entered into a transaction in which Welsh Carson and Peak 10's executive management will acquire a majority shareholder interest in Peak 10. Selling shareholders include majority owner Seaport Capital, a New York-based private equity firm and McCarthy Capital, an Omaha, Neb.-based private equity fund.
October 03, 2008 in Seaport News
Seaport Capital Acquires American Internet Services
San Diego, CA October 3, 2008: American Internet Services, Inc. (AIS), the largest provider of data center co-location services in San Diego, announced today the completion of its acquisition by an investor group led by Seaport Capital, a private equity firm focused on the media, communications, and information and business services sectors. The other members of the investor group include Viridian Investment Partners and DuPont Capital Management.
May 19, 2008 in Seaport News
Seaport Capital Partners with Worley Catastrophe Response
HAMMOND, LA - (May 19, 2008) - Worley Catastrophe Response, LLC announced today the completion of an investment by an investor group led by Seaport Capital, a private equity firm focused on the communications, information and business services, and the media sectors.
February 26, 2008 in Seaport News
Seaport Capital Sells Virgo Publishing to Arlington Capital Partners
Seaport Capital has completed the sale of Virgo Publishing to Arlington Capital Partners for an undisclosed amount. This sale resulted in Seaport generating 3.7 times its investment and a 49% IRR. Virgo, acquired by Seaport Capital in November 2004, increased annual EBITDA approximately 70% during Seaport's ownership.
December 06, 2007 in Seaport News
SureWest Communications Reaches Agreement to Acquire Everest Broadband
Roseville, CA [December 6, 2007]: Leading independent communications holding company SureWest Communications (Nasdaq: SURW) announced today that it has signed a definitive agreement to acquire Everest Broadband, Inc. ("Everest"), a portfolio company of Seaport Capital, for $173 million in cash. Everest is a privately held competitive provider of high-speed data, video and voice services in the greater Kansas City area. The transaction, which is expected to close by the end of the first quarter 2008, will more than double SureWest's triple-play residential subscriber base and facilitate the rapid expansion of its business services.
October 22, 2007 in Seaport News
Reserve Holdings, Inc. Announces Acquisition by S&K Communications
Reserve, Louisiana [October 15, 2007]: Reserve Holdings, Inc., a private telecommunications provider serving St. John the Baptist Parish with telephone, cable television and high-speed Internet services, announced today that it had completed the sale of the company to S&K Communications. S&K Communications is controlled by Sean E. Reilly and Kevin P. Reilly, Jr. Reserve Holdings, Inc. had been majority-owned by Seaport Capital since 1998 and has been providing telecommunications services since 1935.
August 13, 2007 in Seaport News
Seaport Capital Completes Sale of Portfolio Company Southeast Towers
Seaport Capital completed the sale of its portfolio company, Southeast Towers, LLC, to Diamond Communications, LLC. Southeast Towers has been a Seaport Capital portfolio company since August 2004. Under Seaport Capital's stewardship, Southeast Towers acquired or developed 180 communications towers, becoming one of the largest privately-owned tower development companies in the country. Through the sale Seaport Capital realized 3.6 times its investment resulting in a 60% IRR.
February 01, 2007 in Seaport News
Seaport Capital completes sale of Everest Broadband to SureWest
Seaport Capital has completed the sale of Everest Broadband to SureWest Communications (Nasdaq: SURW) for $173 million. This sale resulted in Seaport generating 3.3 times its investment and 99.4% IRR. Everest, acquired by Seaport Capital Partners III in June 2006, increased monthly provider EBITDA over 50% during Seaport's ownership. Everest is a competitive provider of high-speed data, video, and voice services in the greater Kansas City area.
January 17, 2007 in Seaport News
SirsiDynix Acquisition by Vista Equity Partners Now Complete
Huntsville, Alabama [Jan. 17, 2007]: SirsiDynix, the global leader in strategic technology solutions for libraries, announced today the completion of its acquisition by Vista Equity Partners, a $1 billion private equity firm focused solely on investing in software and technology-enabled businesses.
July 12, 2006 in Seaport News
GE Global Media & Communications Business Commits $68 Million-Plus to Support Seaport Capital Acquisition of Everest Connections
Norwalk, Connecticut [July 11, 2006]: GE Commercial Finance - Global Media & Communications announced today that it has closed, as administrative agent, a $68,750,000 senior secured credit facility in support of Seaport Capital's acquisition of Everest Connections, a local cable, Internet and phone provider with over 34,000 subscribers in the greater Kansas City metropolitan area. GE Capital Markets served as sole lead arranger in the deal, which closed on June 30.
July 12, 2006 in Seaport News
Seaport Capital conquers Everest
New York private equity firm Seaport Capital LLC is acquiring cable, Internet and phone services company Everest Connections LLC. No deal value was announced, but GE Commercial Finance said in a press release Tuesday that it was providing $68.7 million in senior secured debt to finance the buyout. Seaport typically invests $5 million to $35 million in middle-market media, telecommunications, information and business services companies valued at between $15 million and $200 million.
July 03, 2006 in Seaport News
Aquila Completes Sale of Minnesota Natural Gas Utility and Everest
Kansas City, Missouri [July 3, 2006]: Aquila, Inc. (NYSE:ILA) today announced that it has completed the sale of its Minnesota natural gas utility division and that its subsidiary, Everest Global Technologies Group, LLC (EGTG), has completed the sale of its Kansas City area cable, broadband Internet, and telephony business, known as Everest.
June 06, 2006 in Seaport News
Choice One and CTC Communications Finalize Merger; Simultaneously Complete Acquisition of Conversent Communications
Rochester, New York - Waltham, Massachusetts - Marlboro, Massachusetts: Choice One Communications, CTC Communications and Conversent Communications jointly announced today the completion of their previously announced combination. The merged organization will be called "One Communications" as of July 24th and will serve businesses in sixteen states within the Northeast, Mid-Atlantic and upper Midwest regions. With revenues of over $800 million, One Communications is the largest privately-held competitive local exchange carrier in the United States.
March 28, 2006 in Seaport News
Choice One Communications and CTC Communications Acquire Conversent Communications
Waltham, Massachusetts and Rochester, New York [March 28, 2006]: CTC Communications and Choice One Communications, which on February 10, 2006 announced their agreement to merge, today announced they are jointly acquiring Conversent Communications, Inc., an integrated communications provider with significant facilities and customers in the Northeast as well as in West Virginia. On a combined basis, the three companies currently generate about $800 million in annual revenue and provide telecommunications services to over 150,000 business customers representing more than 1.3 million access lines equivalents. The combined company, which will be privately held, will be the second largest competitive communications provider in the U.S., with a heavy regional focus in the Northeast, Mid-Atlantic, and upper Midwest regions. Its network will include 10,000 route miles of fiber and approximately 700 unique collocations.