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Balance Point Invests in OnRamp Access

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onramp nf1Balance 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.”

justin kaplan nf1“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

Seaport Capital Invests in Net Access

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Net Access Corporation, a provider of data center and managed services, has received an investment from Seaport Capital. “Seaport was one of the few investors that really understood the technology in our industry and was prepared to make the investments for long term growth,” said Alex Rubenstein, CTO and Co-Founder of Net Access.

Net Access provides enterprise-class data center co-location and managed hosting services from three locations in northern New Jersey, including the company’s newest Tier IV center opened in 2011 in Parsippany. Net Access was founded in 1995 and is based in Cedar Knolls, NJ (www.nac.net).

“Our industry still has a huge amount of growth ahead of it,” said CEO and co-founder Blake Ellman. “Alex and I are excited to partner with a well-respected firm like Seaport, which has been an active investor in companies like ours for more than a decade including Switch & Data and Peak 10. Net Access has ambitious plans in the coming years and I look forward to working with the Seaport team to achieve our goals.”

Seaport Capital invests from $5 million to $25 million of mezzanine debt and equity in US based companies with $3 million to $15 million of EBITDA. Industries of interest include online advertising, education services, co-location and managed services, communication towers, business process outsourcing, event & sponsorship marketing, late stage software, and fiber networks. The firm was founded in 1997 and is based in New York (www.seaportcapital.com).

“Net Access has a long history of providing flexible solutions and great customer service which has resulted in a very loyal and fast growing customer base. The company’s new state-of-the-art data center in Parsippany positions Net Access well for continued growth. With nearly 100% of monthly revenues recurring from a large installed base of customers, the company’s profitability is predictable and has strong growth characteristics,” said Seaport Capital Partner Jim Collis.

DH Capital advised Net Access on the investment and structured a transaction that allowed for Net Access’ founders to remain actively running the business, while adding the financial resources needed to grow in the fast-paced co-location and managed hosting industry. “Matching Net Access with Seaport Capital is a terrific outcome for the company and its customers,” said DH Capital Partner Adam Lewis. “Seaport’s extensive understanding of the co-location and managed hosting market and previous investment experience in the sector will add tremendous value to Net Access as it capitalizes on the existing market opportunity for the Company’s products and services.”

DH Capital is an investment bank serving companies in the Internet infrastructure, communications, and SaaS sectors. The firm provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital is headquartered in New York with offices in Boulder, CO (www.dhcapital.com).

© 2012 PEPD • Private Equity’s Leading News Magazine • 9-18-12

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