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Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation to acquire Consolidated Communications Holdings, Inc.

PRIVATEOct 16, 2024•over 1 year ago

Acquiring Company

Searchlight Capital Partners L.P. and British Columbia Investment Management Corporation

Acquired Company

Searchlight Capital Partners L.P. and British Columbia Investment Management Corporation

Description

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) will not host an earnings conference call in light of the pending acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. The third quarter 2024 financial results will be available on its investor relations website at https://ir.consolidated.com/.

Company Information

Company

Searchlight Capital Partners L.P. and British Columbia Investment Management Corporation

About

Consolidated Communications Holdings, Inc. is dedicated to moving people, businesses, and communities forward by delivering the most reliable fiber communications solutions. Consumers, businesses, and wireless and wireline carriers depend on Consolidated for a wide range of high-speed internet, data, phone, security, cloud, and wholesale carrier solutions. With a network spanning over 60,000 fiber route miles, Consolidated is a top 10 U.S. fiber provider, turning technology into solutions that are backed by exceptional customer support.

Predictive Intelligence
Strategic

ML-powered predictions for Searchlight Capital Partners L.P. and British Columbia Investment Management Corporation's next move

Learn about Strategic plan

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

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