Seaport News


Seaport Capital Announces Sale of Logicworks

• Posted in Seaport News

Seaport Capital (“Seaport”), a private equity firm focused on investments in communications, information and business services companies, announced the sale of its portfolio company, Logicworks, to Pamplona Capital Management (“Pamplona”).  Located in New York City, Logicworks is a leading provider of cloud automation and managed services for Amazon’s public cloud, Amazon Web Services (“AWS”).  Through its Managed AWS (“mAWS”) offering and Private Cloud, Logicworks provides its clients not only with IT infrastructure and services to house their data, but also with access to highly qualified IT professionals that would otherwise be unavailable cost-effectively.

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Seaport Capital Acquires Fiber-to-the-Home Provider iTV-3

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Seaport backs CountryWide Broadband management team in acquisition of Peoria, IL fiber network

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Quatris Receives Strategic Investment from Seaport Capital

• Posted in Seaport News

BEDFORD, TX and NEW YORK, NY - Quatris, LLC (“Quatris”), a provider of specialized healthcare software and database solutions, as well as hosting, software maintenance and support services for small and medium sized physician practices, announced today that it has secured a strategic investment from Seaport Capital (“Seaport”), a middle-market private equity firm. The existing management team invested in the transaction alongside Seaport and will continue to lead the company going forward. Terms of the transaction were not disclosed

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St. Louis-based CountryWide Broadband, Inc. to Acquire iTV-3 Cable Business

• Posted in Seaport News

CountryWide Broadband (CWB) today announced that iTV-3, LLC, a company wholly owned by CWB and Seaport Capital of New York, has entered into a definitive agreement to acquire the assets of iTV-3 Inc., a gigabyte, all fiber-to-the-premises system serving Peoria, Champaign, Urbana and other communities in Central Illinois.  iTV-3 Inc. is a wholly owned subsidiary of Highland Ventures, Ltd.  CWB anticipates closing the acquisition in the second quarter of 2016, after regulatory and franchise approvals are received.

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B Media Group Completes Acquisition of Showtime Outdoor Media and Financing with Crestline Specialty Lending

• Posted in Seaport News

NEW YORK, NY. – December 23, 2015 – Seaport Capital Partners ("Seaport") announced today that B Media Group (the “Company”), a Seaport portfolio company, has completed the acquisition of Showtime Outdoor Media, a billboard operator on Puerto Rico.  Crestline Specialty Lending led the debt financing, which included a new term loan and a revolving credit facility, to finance the acquisition.  The proceeds of the debt financing were used to fund the purchase of Showtime, refinance outstanding debt, support the Company’s continued growth, and for other corporate purposes.

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Municipal Communications Completes a Second Sale of Tower Assets to SBA Communications

• Posted in Seaport News

ATLANTA, GA. – December 10, 2015 – Municipal Communications (“Municipal”) announced today that it has completed the sale of an undisclosed number of cellular towers to SBA Communications.  The proceeds from the transaction will be used to support Municipal’s growth as it continues to develop wireless facilities across the United States.

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Cologix To Acquire New Jersey Data Center Company Net Access

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Cologix’s 10th acquisition adds new market and significant scale to rapidly growing North American platform.

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Municipal Communications Completes Sale of Certain Tower Assets to SBA Communications

• Posted in Seaport News

ATLANTA, GA. – April 21, 2015 – Municipal Communications (“Municipal” or the “Company”) announced today that it has completed the sale of an undisclosed number of cellular towers to SBA Communications.  The proceeds from the transaction will be used to support the continued growth of Municipal as it continues to develop cellular towers for wireless carriers across the United States.

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Seaport Capital Portfolio Company FTJ FundChoice Completes Successful Recapitalization

• Posted in Seaport News

NEW YORK, NY. – February 25, 2015 – Seaport Capital Partners ("Seaport") announced today that FTJ FundChoice, LLC (the "Company"), a Seaport portfolio company, has completed a successful recapitalization.  Madison Capital Funding led the recapitalization, which included a new term loan and a revolving credit facility.  The proceeds of the recapitalization were used to refinance outstanding debt, support the Company's continued growth, and fund a cash distribution to equity holders.

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Aquiline Capital Partners to Acquire Majority Stake in Worley Claims Services

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NEW YORK, NY and HAMMOND, LA, October 9, 2014 – Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, today announced a definitive agreement to acquire a majority stake in Worley Claims Services (“Worley”), one of the largest independent providers of claims adjustment and related services in the United States. Since its founding in 1976, Worley has been nationally recognized for its expertise in adjusting claims, recovering costs, and overseeing public relations following natural and man-made environmental events.

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