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Announced

Completed

GI Partners completed the acquisition of 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, completed the acquisition of DQE Communications, a telecommunications service provider, from Duquesne Light, an energy services holding company. Financial terms were not disclosed. "Mike is a seasoned and accomplished leader in the digital infrastructure sector. His proven track record of driving transformational growth, scaling operations, and building a culture of excellence is a perfect fit for DQE's next stage of growth. We look forward to working with him and the entire DQE team," Brendan Scollans, GI Partners Managing Director.

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