News

Waller Capital Advises Enventis Corporation on Completed Merger with Consolidated Communications

Mattoon, IL – October 16, 2014 – Consolidated Communications Holdings, Inc. (“Consolidated”) (Nasdaq:CNSL) announced today that it has completed the previously announced acquisition of Enventis Corporation (“Enventis”) (Nasdaq:ENVE). “We are excited to finalize the acquisition and are looking forward to the opportunities that lie ahead,” said Bob Currey, Consolidated’s Chairman and Chief Executive Officer. “This transaction with Enventis brings together two companies with similar strategies and consistent cash flows. The combined company will utilize its extensive fiber network to deliver a diverse set of revenues across multiple markets resulting in a stronger, more competitive company.” At the effective time of […]

Waller Capital Advises AdJuggler on Sale to Zenovia

Falls Church, VA, New York, NY – Zenovia Digital Exchange Corporation today announced it has acquired AdJuggler, Inc., a leading ad server and programmatic-enabled supply-side platform (SSP). AdJuggler’s publisher-centric technology will be combined with Zenovia’s global exchange, along with its recently acquired Brandscreen demand-side media buying platform (DSP). The AdJuggler acquisition completes Zenovia’s vision of offering an end-to-end platform that programmatically connects buyers and sellers of brand-safe media. “Quality inventory from profitable publishers are a keystone to the long-term health of the digital media ecosystem,” said Dwight Ringdahl, Founder of Zenovia. “That’s why we have invested in AdJuggler’s leading publisher […]

Waller Capital Sets Record for Announced Deals in 1st Half of 2014

NEW YORK — July 31, 2014 — Waller Capital is proud to report that it has announced 11 transactions in the first 6 months of 2014, a record for the firm. In the last week of June alone, it announced 4 transactions, from across the firm’s Telecommunications, Media and Technology coverage sectors: $350mm all-stock merger of  Enventis Corporation (fka HickoryTech; Nasdaq: ENVE) with Consolidated Communications, (Nasdaq: CNSL), two diversified communications providers; Sale of mobile advertising platform Grow Mobile to Perion Network (Nasdaq: PERI); US Cellular’s $91.5mm acquisition of wireless spectrum from Airadigm  Communications, a wholly-owned subsidiary of Telephone and Data […]

Waller Capital Advises Enventis Corporation on its Merger with Consolidated Communications

Mattoon, IL – June 30, 2014 – Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) and Enventis Corporation (Nasdaq: ENVE), formerly HickoryTech, announced that each of their respective Boards of Directors have approved a definitive agreement for Enventis to merge with Consolidated Communications.  This agreement is an all-stock transaction in which Consolidated Communications will acquire 100 percent of Enventis’ 13.8 million (fully diluted) shares outstanding in a transaction valued at approximately $350 million. Under the terms of the agreement, Enventis shareholders will receive a fixed exchange ratio of 0.7402 shares of CNSL common stock for each share of ENVE common stock they […]

Waller Capital Advises Grow Mobile on Sale to Perion

Perion Acquires Grow Mobile to Enhance its Mobile Offering   TEL AVIV, Israel & SAN FRANCISCO–(BUSINESS WIRE)– Perion Network Ltd. (NASDAQ: PERI) announced today that it has entered into a definitive agreement to acquire Grow Mobile, Inc. Grow Mobile provides an innovative platform for mobile advertising that enables developers to buy, track, optimize, and scale user acquisition campaigns from a single dashboard. Grow Mobile will become part of Perion Lightspeed, which was recently created to address the advertising needs of mobile app developers, and will enable Perion Lightspeed to provide a more comprehensive technical and platform solution for app developers. […]

Waller Capital Advises Fingerprint on Investment from Dreamworks, Corus and Reed Elsevier

Fingerprint Secures $10.85M Series B Financing from Top Media and Entertainment Companies to Expand and Create New Kids’ Mobile Networks By the end of 2014, Fingerprint will be operating seven global customized networks SAN FRANCISCO –June 25th, 2014 – Fingerprint, a mobile technology company and creator of kids’ mobile play-and-learn networks, has secured a Series B round, totaling $10.85M, led by new and existing investors. This funding will fast track new development and ensure a steady array of new and quality games, apps, videos and ebooks for partner networks around the world. “Mobile has changed children’s viewing and playing habits, […]

Waller Capital Advises U.S. Cellular on Wireless Acquisition

On May 23, 2014, United States Cellular Corporation (“U.S. Cellular”) entered into a License Purchase and Customer Recommendation Agreement (the “Agreement”) with Airadigm Communications, Inc. (“Airadigm”).  Telephone and Data Systems, Inc. (“TDS”) owns 100% of the common stock of Airadigm. The Agreement provides that Airadigm will transfer to U.S. Cellular 16 FCC spectrum licenses and certain tower assets in the markets identified below, in consideration for $91.5 million in cash at closing. The FCC licenses include 30MHz licenses in each of Appleton-Oshkosh WI, Cedar Rapids IA, Eau Claire WI, Fond du Lac WI, Green Bay WI, Janesville-Beloit WI, LaCrosse WI-Winona […]

Garrett Baker Named Top 40 Under 40 Dealmaker by M&A Advisor

NEW YORK — May 1, 2014 — Waller Capital, a leading independent investment bank and advisory firm focused on the telecommunications, media and technology sectors, today announced that its President, Garrett Baker, has been named to M&A Advisor’s List of 40 Under 40 Top Dealmakers. The list features the 40 most influential and accomplished dealmakers under the age of 40 from among private equity & hedge fund investors, investment bankers and corporate executives across all industries.  The entire list can be viewed here. Mr. Baker and the other award recipients will be officially recognized at an Awards Gala hosted by M&A Advisor on June 24th at the Roosevelt Hotel in New York City. “I am honored to be named alongside such a successful, […]

Waller Capital Advises Mobi PCS on Divestitures to Verizon Wireless and GTA Teleguam

Mobi PCS has entered into a definitive agreement to sell its wireless spectrum in Hawaii to Verizon Wireless.  Mobi PCS is the leading independent wireless provider in the Hawaiian Islands providing service to approximately 47,000 subscribers. The Company has also entered into a definitive agreement to sell its wireless spectrum in Guam and CNMI to GTA Teleguam. Mobi PCS is majority owned by M/C Partners and Columbia Capital. Waller Capital served as exclusive financial advisor to Mobi PCS in both transactions.    

Waller Capital Advises Big Frame on Sale to Dreamworks’ AwesomenessTV Division

AwesomenessTV to Acquire YouTube MCN Big Frame Leading Curator of Online Influencers Brings Deep Talent Roster to ATV LOS ANGELES — AwesomenessTV, a leading multi-platform media company serving the global teen community, announced today that it has agreed to acquire the YouTube multi-channel network Big Frame, a pioneer in digital talent and influencer management. Together AwesomenessTV and Big Frame will become an even more powerful presence in YouTube’s most popular verticals, including beauty, fashion, fitness and music. Known throughout the industry for its discerning approach to talent development, Big Frame has amassed an impressive stable of top-tier influencers with more […]