A team of Goodwin attorneys recently represented GTT Communications in its acquisition of MegaPath Corporation from MegaPath Group. The purchase price was approximately $152 million, with $144.8 million paid in cash and $7.5 million in GTT common stock.
GTT Communications, founded in 2005 and headquartered in McLean, Va., is the fourth largest IP network worldwide, offering ubiquitous network connectivity to any location in the world and with any application in the cloud. The acquisition of MegaPath continues GTT’s pattern of growth through acquisition.
Headquartered in Pleasanton, Calif., MegaPath is a cloud communications company which provides private wide-area-networking, Internet access services, managed services and managed security to over 500 clients.
To learn more about this transaction, please read the GTT press release.