Dex Media (Dex One)
| Industry | Print and Interactive Marketing |
|---|---|
| Predecessor | Qwest |
| Founded | 2002 |
| Parent |
The Carlyle Group, etc. (2002-2004) R. H. Donnelley/Dex One (2006-2013) |
Dex Media, Inc. was a print and interactive marketing company. It was formed in 2002 by a consortium led by The Carlyle Group to acquire the operations of QwestDex from Qwest Communications International. The company went public in 2004 and was acquired by R.H. Donnelley in 2006, which became DEX One in 2010.
In 1988, U S WEST began marketing its telephone services under the one "U S WEST" name. U S WEST, in 1995, divided its companies into two core divisions: U S WEST Communications, and U S WEST Media Group. U S WEST placed its directory operations in the hands of the Media Group, creating U S WEST Dex. U S WEST Dex, Inc. became the new name of U S West's publishing company.
In 2000, Qwest Communications International acquired U S West. As a result, U S West was renamed Qwest, and U S WEST Dex, Inc. was renamed Qwest Dex, Inc. In 2002, Qwest underwent a drastic reorganization, and Qwest searched for a buyer for QwestDex, Inc.
On August 20, 2002, The Carlyle Group, Welsh, Carson, Anderson & Stowe, along with other private investors, led a $7.5 billion buyout of QwestDex. The buyout was the third largest corporate buyout since 1989.
QwestDex's purchase occurred in two stages. In November 2002, directory operations in Colorado, Iowa, Minnesota, Nebraska, New Mexico, North Dakota & South Dakota were acquired for $2.75 billion. These operations were known as Dex Media East LLC. In 2003, directory operations in Arizona, Idaho, Montana, Oregon, Utah, Washington and Wyoming were acquired for $4.30 billion. These operations became known as Dex Media West LLC.
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