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Stonepeak Closes Acquisition Of Astound Broadband

Aug 19, 2021•over 4 years ago

Acquiring Company

Typewriter Ascend Ltd

Acquired Company

Astound Broadband

New YorkPrincetonTelecommunications

Description

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today closed its previously announced $8.1 billion acquisition of Astound Broadband (Astound), the sixth largest U.S. cable operator in the United States, operating leading regional providers RCN, Grande Communications (Grande), Wave Broadband (Wave) and enTouch Systems (enTouch).

Company Information

Company

Typewriter Ascend Ltd

Location

New York, New York, United States

About

Typewriter Ascend Ltd is an entity controlled by Stonepeak and an affiliate of Textainer. It specializes in marine container leasing. The company focuses on infrastructure and real assets investment. Typewriter Ascend aims to create value through strategic acquisitions.

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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