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New Deal


Announced

CBRE Investment Management to acquire Gateway Fiber from Crosstimbers Capital Group.

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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internet service provider

Majority

Pending

Internet

Private Equity

Private

Acquisition

Domestic

Friendly

United States

Single Bidder

Synopsis

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CBRE Investment Management, a real assets investment management firm, agreed to acquire Gateway Fiber, a locally owned and operated internet service provider, from Crosstimbers Capital Group, an investment firm. Financial terms were not disclosed. “Our mission is to bring a best-in-class internet experience to as many homes and businesses as possible. This new partnership with CBRE IM will allow us to continue investing in our communities, our people and our valued customers,” Heath Sellenriek, Gateway CEO.

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