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New Deal


Announced

GI Partners to acquire DQE Communications from Duquesne Light.

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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United States

telecommunications services

Internet

Acquisition

Domestic

Majority

Private

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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GI Partners, a private equity company, agreed to acquire DQE Communications, a telecommunications service provider, from Duquesne Light, an energy services holding company. Financial terms were not disclosed. "This is a great opportunity for DQE. The investment by GI Partners uniquely positions DQE as a scaled and trusted strategic network provider. GI Partners is an experienced and knowledgeable investor in digital infrastructure, and we look forward to partnering with them to accelerate our network solutions and geographic reach while remaining fully committed to delivering exceptional service that our customers have come to expect from us for over 25 years," Jim Morozzi, DQE Communications CEO.

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