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New Deal


Announced

Completed

FirstDigital completed the acquisition of Veracity Networks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

telecommunications services

Acquisition

Domestic

Completed

fiber optics

United States

Telecommunications Services: Other

mobile communication platform

Majority

Friendly

Private

Synopsis

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FirstDigital, a fiber-based carrier, completed the acquisition of Veracity Networks, a developer of fiber-based cloud communication platform. Financial terms were not disclosed. "Utah has undergone extraordinary growth, making the acquisition of Veracity Networks and its strong presence in Utah the perfect complement to our existing Utah network. We've had a longstanding relationship with the Veracity team. This is a tremendous opportunity to combine forces and create something special in the state of Utah. We look forward to continue delivering Utah-area businesses with the high-capacity, services they've come to expect from their fiber network provider," Wesley McDougal, FirstDigital President and CEO.

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