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GTT Acquires Managed Services Provider Transbeam in Deal Valued at USD 28m
Wednesday 04 October 2017

4 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.
Additional financial terms of the transaction were not disclosed.
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.
This combination adds marquee US clients in the hospitality, entertainment and retail segments, expands GTT's scale and deepens its network footprint throughout the northeast corridor of the US.
The addition of Transbeam augments GTT's managed SD-WAN service with broadband, wireless and ethernet over copper capabilities, complementing the assets gained through the company's recent acquisition of Global Capacity.
GTT offers a suite of cloud networking services, including optical transport, wide area networking, internet, managed services, voice and video services. The company's Tier 1 IP network connects clients to any location in the world and any application in the cloud.
Q Advisors served as the exclusive financial advisor to Transbeam, and Robinson Brog Leinwand Greene Genovese and Gluck served as legal advisors.
Date Published: 04/10/2017
Target: Transbeam
Country: USA
Deal Size: 28m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Closed
Buyer: GTT Communications, Inc