Home > M&A deals 2006 > PAETEC Holdings merges with US LEC Corp.
Merger · Communications · August 2006

PAETEC Holdings merges with US LEC Corp.

On August 14, 2006, PAETEC Holdings merged with US LEC Corp., a communications company in North Carolina, United States, from Quadrangle Group LLC, THL Partners and Bain Capital Private Equity.

Deal at a glance

AnnouncedAugust 14, 2006 TypeMerger TargetUS LEC Corp. Buyer PAETEC Holdings Sellers Quadrangle Group LLC
THL Partners
Bain Capital Private Equity
SectorCommunications LocationNorth Carolina, United States ValueMembers only

Target company

US LEC Corp.
North Carolina, United States
Communicationssector
-founded
Activestatus
View the company profile →

Buyer

Company · 1 deal on record
  • 1st transaction in communications
  • 1st transaction in United States
1deals, all time
1in this sector
2006latest

Sellers (3)

Private equity firm · 33 deals on record
Private equity firm · 86 deals on record
Private equity firm
33investments
12in this sector
26exits

Members only

Contact details at the buyers and sellers
The full deal history of every party
Co-investors and the other advisors on this deal
Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired US LEC Corp.?PAETEC Holdings merged with US LEC Corp. on August 14, 2006.

Who sold US LEC Corp.?Quadrangle Group LLC, THL Partners and Bain Capital Private Equity were the sellers.

What type of deal was it?It was a merger in the communications sector in 2006.

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