Midcontinent Communications
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
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
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
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