Deal Snapshot
GTT ACQUIRES MANAGED SERVICES PROVIDER TRANSBEAM IN DEAL VALUED AT USD 28M
Wednesday 04 October 2017

Virginia, US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) has acquired New York, US-based managed services provider Transbeam in a cash transaction for USD 28m, the company said.
The acquisition is expected to generate a post-synergy adjusted EBITDA of 5.0x or lower, with integration and cost synergies to be achieved within two quarters after close. GTT said the acquisition of Transbeam contributes complementary and cost-effective access services that enhance leadership in managed hybrid networking.


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Details
Date Published: 04/10/2017
Target: Transbeam
Country: USA
Deal Size: 28m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: GTT Communications, Inc
Comment:


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