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New Deal


Announced

Completed

Highway 89 completed the acquisition of Mereo Networks from Freedom 3 Capital.

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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Friendly

Acquisition

Single Bidder

broadband internet

Domestic

Majority

Internet

Private Equity

United States

Private

Completed

Synopsis

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Highway 89, a gigabit internet service provider, completed the acquisition of internet services providers Broadband Holdings, Digital Home Lifestyles, Mereo Networks and Vicidiem, from Freedom 3 Capital, a private equity firm. Financial terms were not disclosed. “With a proven history as a reliable critical-service provider, Highway 89 has been successful in growing our business portfolio by adding significant value for developers through a robust product offering that drives revenue and improves resident satisfaction across multi-family units. We look forward to the future of Mereo and its expansion across current and future markets with the support of Freedom 3 Capital," Thomas Wilky, Highway 89 Founder and CEO.

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