Balance Point Capital Partners has made an investment in OnRamp Access. The new investment was made in the form of senior subordinated notes and will be used to fund growth initiatives at the company.
OnRamp Access operates multiple enterprise class data centers where it provides cloud-delivered computing capacity, managed hosting and colocation services. OnRamp specializes in providing services to the healthcare, financial services and education services industries. The company was founded in 1994 and is headquartered in Austin (www.onr.com).
“We are thrilled to be in partnership with Balance Point,” said Ryan Robinson, OnRamp’s Chairman and President. “They understood our long-term growth plan and created customizable capital that is critical to help finance our growing business.”
“We couldn’t be more excited to partner with the OnRamp team. We’ve been impressed with their ability to grow into a leading data center handling complicated and sensitive data streams. Under the team’s leadership, we look forward to supporting OnRamp’s continued expansion,” said Justin Kaplan, a Partner with Balance Point.
Balance Point Capital Partners invests from $5 million to $20 million of mezzanine and equity in lower middle market companies that have revenues of $10 million to $150 million and EBITDAs between $2 million and $25 million. Sectors of interest include business services, niche manufacturing, consumer & industrial, branded products, aerospace & defense, healthcare, and technology. Balance Point was founded in 1988 and is based in Westport, CT (www.balancepointcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-9-15