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ISP Investment Opportunity in Logan, United States

Wireless internet service provider in Utah seeking financing for transformative acquisitions and network expansion.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity C Corporation
Reported Sales USD 8 million
Run Rate Sales USD 9.6 million
EBITDA Margin 40 %
Industries ISPs
Locations  Logan
Local Time 5:04 PM America / Nipigon
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 10 million for 50.0% stake (Native Currency: USD 10,000,000)
Reason: Looking for $1M to $10M equity investment to execute a transformative acquisition of other internet ... View More
Includes physical assets worth USD 6 million
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Project Teaser
Project NDA
Business Overview
- An internet service provider growing rapidly in Utah, Idaho, and California with a transformative deal under LOI in Arizona and Nevada.
- The team's expertise, coupled with a strong acquisition target of acquiring other internet service provider businesses at a very reasonable multiple and a compelling opportunity in their existing footprint to pass >2,000 homes with fiber at a dirt cheap cost per passing of ~$750, make this a strong investment choice.
- Seeking $6M-$8.5M in debt ASAP, prioritizing speed and certainty to close.
- The $6M acquisition lined up represents <2x debt to EBITDA, and the team has a demonstrated track record of strong integration having already acquired three ISPs.
- There are plentiful acquisition opportunities in the region at very reasonable multiples beyond the deal under LOI to keep the team busy for the foreseeable future.
- Though the materials focus on debt, the owner is open to an equity deal that makes sense.
- There are 40 permanent and a few contract employees.
Products & Services Overview
The company offers residential, business, enterprise, and MDU/HOA internet, as well as VoIP and mobile phone services.
Assets Overview
Physical assets: 454 network towers and other ISP related assets.
Facilities Overview
Happy to share post-NDA. Between the base business and the acquisition, there are over 454 towers.
Capitalization Overview
The business has been funded with equipment financing as well as $3M in cash equity from founders and other investors. Happy to share QofE and more details post-NDA.
Recent Activity
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Contact Business
1 Investor contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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