Midcontinent Communications

Sioux Falls, South Dakota

Classification

Private

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

About

About

Midcontinent Communications, doing business as MIDCO, is a telecommunications company founded in 1931 as the Welworth Theatres Company, with its headquarters located in Sioux Falls, South Dakota. The company transitioned from operating movie theaters to the broadcasting industry in 1952 after rebranding as Midcontinent Media and acquiring local radio and television stations. In 1999, the firm formed a joint venture with AT&T Broadband to create Midcontinent Communications, later becoming a partnership with Comcast. The company adopted its current "MIDCO" branding in 2016 to better align its identity with its focus on broadband and advanced technology services. Business/Product Breakdown Midcontinent Communications provides a suite of telecommunications and connectivity solutions for residential and business customers across the Midwest. Its core offerings include high-speed internet via fiber-optic and cable networks, digital cable television, and landline telephone services. For business clients, the company provides enterprise-level networking, managed services, and unified communications (UCaaS), including VoIP phone systems and business texting. The firm also operates data centers and offers specialized advertising services that utilize cable television and digital platforms for targeted marketing. Additionally, Midcontinent Communications maintains Midco Sports, a regional network that broadcasts local collegiate and high school athletics.

Keywords

Keywords

Classified

Private