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Grain Management to acquire majority interest in 123NET, a leading Michigan-based telecom provider

Apr 22, 2024•over 1 year ago

Acquiring Company

Grain Management

Acquired Company

123NET

MichiganHardware

Description

Grain Management, LLC, a trusted solutions provider to the broadband and communications industry, has agreed to acquire a majority interest in 123NET, a premier fiber internet, colocation, and business voice services provider based in Michigan. This partnership will enable both companies to better serve current customers and pursue opportunities for expanding high-density, A.I.-capable data centers and improving affordable, reliable connectivity.

Company Information

Company

Grain Management

About

Grain Management, LLC is a leading private investment firm that focuses on broadband infrastructure and technology companies that connect the world to the information economy. Founded in 2007, Grain invests exclusively in the telecommunications sector, employing a rigorous, data-based process buoyed by deep industry expertise to identify investment opportunities in key areas of telecommunications infrastructure, including fiber networks, wireless spectrum, and cell towers. For more information visit www.graingp.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed