Deal Snapshot
GTT COMMUNICATIONS CLOSES ACQUISITION OF CONNECTIVITY SOLUTIONS FIRM GLOBAL CAPACITY
Tuesday 19 September 2017

Virginia, US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) has closed the acquisition of Chicago US-based network connectivity solutions provider Global Capacity, the company said.
This deal was announced in June. The purchase price consists of USD 100m in cash and 1.85m shares of GTT common stock, to be issued to the sellers at closing. This makes the deal worth around USD 158m. GTT expects that Global Capacity's annualised revenue will be approximately USD 200m at close, net of pro forma adjustments, and that the purchase price will reflect a multiple of post-synergy adjusted EBITDA of 5.0x or lower, with integration and cost synergies to be achieved within two to three quarters after close.


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Details
Date Published: 19/09/2017
Target: Global Capacity
Country: USA
Deal Size: 160.68m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: GTT Communications
Comment:


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