Yellow Pages Group is acquiring Aliant Directory Services from Bell Aliant for $330 million, aiming to strengthen its leadership in the Canadian directory publishing market.

Information on the Target

Yellow Pages Group (YPG) is set to acquire Aliant Directory Services from Bell Aliant, marking a significant move in the Canadian directory publishing landscape. Currently, Aliant Directory Services operates as a partnership where Bell Aliant holds an 87.14% stake and YPG owns the remainder. The acquisition, valued at $330 million, will involve a cash payment for Bell Aliant's stake, with the deal contingent upon the completion of a definitive purchase agreement, regulatory approvals, and other conditions.

Aliant Directory Services serves as the leading directory publisher across the four Atlantic Provinces, publishing 35 directories with a combined circulation of 1.8 million copies. Following the acquisition, YPG will expand its annual directory publication portfolio to over 340 directories with a total circulation surpassing 30 million copies. In the previous year, Aliant Directory Services generated approximately $65 million in revenue and $37 million in EBITDA.

Industry Overview in Canada

The Canadian directory publishing industry has seen a transformation over the past decade, as digital platforms increasingly compete with traditional print formats. Companies like YPG are adapting to market