WESTPORT, Conn., May 9, 2024 /PRNewswire/ -- Balance Point Capital
Advisors, LLC ("Balance Point"), in conjunction with its affiliated
funds, Balance Point Capital Partners IV, L.P., Balance Point
Capital Partners V, L.P., and Balance Point Capital Partners VI,
L.P., is pleased to announce its investment in John Staurulakis, LLC ("JSI", or the "Company"),
a portfolio company of Stone-Goff Partners ("Stone-Goff"), a
New York-based private equity
investment firm focused on the lower middle market. Balance Point
provided debt capital to support a refinancing of JSI's existing
credit facilities, fund a shareholder distribution and extended
available capital for future acquisition activity.
JSI is a leading specialty consulting services provider to the
broadband telecommunications industry combining Regulatory,
Financial, and Compliance Advisory, Fiber Engineering, and Managed
Services expertise to bring an end-to-end solutions platform to
fast-growing broadband operators nationwide.
"Balance Point is thrilled to partner with JSI and Stone-Goff as
the Company embarks on its next phase of growth and continues to
cement its position as the leading full-service consulting services
provider to the rural telecom community" said Balance Point Partner
Adam Sauerteig. "With significant opportunities for organic growth
with both new and existing customers as well as expansion through
potential M&A, we're excited to support JSI's growth
initiatives ahead."
"Stone-Goff is pleased to have worked alongside Balance Point on
this transaction and we're looking forward to the partnership as we
continue to scale the JSI platform," said Rob Bosco, Partner at Stone-Goff. "Balance
Point's flexibility, scale and understanding of JSI's business
model were key to closing the transaction while providing runway
for future growth."
About Balance Point
Balance Point is an alternative
investment manager focused on the lower middle market. With
approximately $2.1 billion in assets
under management, Balance Point invests debt and equity capital in
select lower middle market companies across a variety of investment
vehicles. Balance Point takes a long-term, partnership approach to
investing and is committed to building lasting relationships with
its partners, management teams and intermediaries.
Balance Point is a registered investment advisor. Further
information is available at www.balancepointcapital.com.
About John Staurulakis,
LLC
Founded in 1962 and headquartered in Greenbelt, MD, JSI is a full-service
consulting firm, providing engineering, outside plant, inside
plant, regulatory, and a suite of managed services technology
products to rural broadband communications providers. JSI has
customer relationships with more than 600 telecommunications
operators across 46 states and several US territories.
For more information visit www.jsitel.com
Media Contact:
Adam H. Sauerteig
Office: 203-652-8555
asauerteig@balancepointcapital.com
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SOURCE Balance Point Capital