logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Utah Broadband, A Subsidiary Of Boston Omaha Corporation (Nyse: Boc) Acquires All The Internet Service Assets Of Strawberry Communications

Jul 05, 2022over 3 years ago

Acquiring Company

Utah Broadband

Acquired Company

Strawberry Communications

OtherSoftware

Description

Utah Broadband ("UBB"), a majority owned subsidiary of Boston Omaha Corporation (NYSE: BOC), has completed the acquisition of Strawberry Communications' Internet Service business. This includes all fiber and wireless internet assets and subscriber agreements. While this acquisition is not material to BOC’s overall fiber business, it does expand UBB’s fiber infrastructure footprint making it one of the largest fiber providers in the Greater Park City Area and Heber Valley. Utah Broadband’s Founder and CEO Steven McGhie said, “We are excited to carry on Strawberry’s tradition of great service to its customers. Leveraging their fiber and wireless assets will complement our extensive network in these markets.”

Company Information

Company

Utah Broadband

Location

Minuteman Drive

About

Utah Broadband has been one of Utah’s most trusted Internet Service Providers for over 20 years. UBB has engineered a carrier-class network with redundancy and reliability that is unparalleled. UBB’s Founder and CEO, Steven McGhie, built the company on their core values of respect, integrity, passion, and teamwork. UBB is currently deploying fiber and wireless service in seven counties along the Wasatch Front and Back portions of Utah. UBB strives to stand out from its competitors by providing exceptional friendly customer service and reliability.

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