Stone-Goff Partners Announces New Funding to Support Growth of JSI
May 09 2024 - 6:30AM
Business Wire
Balance Point Capital served as the sole lead
arranger and administrative agent
Stone-Goff Partners (“SGP”), a lower middle market private
equity firm focused on technology-driven business-to-business
services companies active in the knowledge economy, today announced
the funding of a senior credit facility by Balance Point Capital
(“Balance Point”) to support the growth of SGP portfolio company
John Staurulakis, LLC (“JSI” or the “Company”), a leading
nationwide provider of specialty consulting and engineering
services to rural broadband telecommunications operators.
The new debt capital will support a refinancing of JSI’s
existing credit facilities, fund a distribution and extend capital
for future acquisition activity. Balance Point Capital served as
the sole lead arranger and administrative agent.
"We’re excited to announce our partnership with Balance Point to
support the continued growth of JSI," said Laurens Goff, co-founder
and Managing Partner of SGP. "We’ve worked closely with Balance
Point and JSI to make sure we’ve found the right structure to allow
JSI to build on its significant momentum and continue developing
innovative solutions for its customers.”
Founded in 1962 and led by CEO Tasos Tsolakis, JSI combines
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. With a
unique mix of re-occurring engagements and a growing suite of
technology products, JSI is relied upon by its more than 600
customers to support day-to-day operations and drive strategic
initiatives.
“Balance Point is thrilled for the opportunity to partner with
both Stone-Goff and JSI,” said Adam Sauerteig, Partner at Balance
Point. “There continues to be significant tailwinds for growth in
broadband and we have the utmost confidence that Tasos and JSI will
remain ahead of the curve.”
About Stone-Goff Partners Stone-Goff Partners is a lower
middle market private equity firm investing in technology-driven
business-to-business service companies. Our companies combine
service offerings with technology, focus on clearly defined end
markets, and are active participants in the growing knowledge
economy. Core verticals include business services, consulting
services, marketing services, IT services, human capital and
training, and outsourced services. We partner with company founders
and executive leadership teams to provide capital, M&A
origination and execution, and value-creation expertise to our
portfolio companies. Since the firm’s founding in 2010,
Stone-Goff’s sector knowledge and deal experience has helped drive
successful outcomes for company founders, limited partners, and
portfolio management teams. For more information about Stone-Goff
Partners, please visit stonegoff.com.
About Balance Point Capital Balance Point Capital 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 adviser. Further information is available at
www.balancepointcapital.com.
1. This release is for informational purposes only and does not
constitute, or form part of, an offer to purchase or issue
interests in any security or investment product. No assurance can
be given that any investment managed by Stone-Goff will be able to
implement its investment strategy or achieve its investment
objectives. 2. This release contains statements that may be
considered testimonials or endorsements. While no compensation
arrangement exists between Stone-Goff and any outside parties in
connection with any testimonial or endorsement made herein, those
making statements could be considered to have an economic interest
in the success of Stone-Goff, a particular investment, or portfolio
holding. 3. Past performance is not indicative of future results.
Stone-Goff does not make any representation or warranty, express or
implied, regarding future performance of any investment vehicle,
particular investment or portfolio holding.
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Jeremy Milner BackBay Communications (401) 862-9422
jeremy.milner@backbaycommunications.com