infrastructure services
Search

Private Equity Professional

Private Equity's News Leader

There is a right and a wrong in the universe, and that distinction is not hard to make.
Superman

You are here: Home / Archives for infrastructure services

infrastructure services

Mill Point Capital Buys Knight

by

Knight Enterprises, a provider of communications infrastructure services, has been acquired by Mill Point Capital.

Knight’s services include engineering, design construction and maintenance of wireline and wireless communications; installation of energy systems including lighting, solar power and battery systems; smart grid and system security installation; and installation of cable, internet and phone systems for residential and commercial customers.

Founded in 1982, Clearwater, Florida-based Knight serves many of the largest Tier I and Tier II service providers in the cable and telecommunications industries and considers itself to be one of the largest communication infrastructure service providers in the Southeastern U.S. The company is led by CEO Jason Welz who will continue to lead the company in partnership with Mill Point.

“Under the leadership of Jason Welz and his management team, Knight has grown into a true market leader in critical communications infrastructure services. We look forward to partnering with the company to execute on multiple growth opportunities and other strategic initiatives,” said Michael Duran, the founder and managing partner of Mill Point.

“Our partnership with Mill Point provides meaningful experience and resources that will help us build upon a successful platform with significant growth opportunity,” said Mr. Welz.

New York City-based Mill Point makes control-oriented investments of $15 million to $80 million in business services and industrial companies that have enterprise values of $50 million to $250 million. Mill Point closed its inaugural institutional fund, Mill Point Capital Partners LP, at its hard cap of $450 million in May 2018.

Private Equity Professional | April 15, 2020

TWV Invests in Signature Contracting Services

by

SIGNATURE NF1TWV Capital Management has closed a $3.5 million investment by Texas Women Ventures Fund II, LP and Texas Women Ventures Fund-Side, LP (“TWV”) in Signature Contracting Services, LLC (“Signature”). The closing took place on June 12, 2014.

Signature provides construction and infrastructure services to governmental entities as well as large construction and engineering firms. Signature has provided services on large infrastructure projects including the El Paso Border Fence, Dallas Fort Worth International Northgate Connector, Chalmette Levee Restoration, San Antonio River Walk Expansion and DART Orange Line Expansion. Other customers include governmental entities as well as large construction and engineering firms. Signature’s capabilities and services include construction, erosion control, fencing, landscaping and infrastructure maintenance. Signature is qualified as a DBE, WBE and HUB.  The company also provides direct landscape and maintenance services to governmental entities, including irrigation services, landscape services and right of way mowing. The Signature team is led by Marsha Newberry, William Propes and Corey Tompkins. The company was formed in 2006 and is based in Grand Prairie, TX (www.signaturellc.org)

“This funding from TWV will allow our company to grow and fulfill the numerous, sizable opportunities which we have been awarded,” said Marsha Newberry, Majority Owner of Signature. “Importantly, we will be able to draw from the expertise of our TWV Capital advisors to adopt the businesses processes that will allow our company to scale rapidly and handle increasingly complex contracts.”

“We have been seeking investments in infrastructure services companies for some time and are pleased to partner with Signature’s management team. We are confident in Signature’s abilities to help satisfy the growing infrastructure demands in Texas and the Southwest resulting from increasing population and economic activity,” said Greg O’Shea, Managing Director of TWV Capital.

TWV Capital provides growth capital through capital solutions to private companies with inclusive management teams and ownership, and that wish to continue to fulfill their mission to invest in gender inclusive companies.

The firm’s investment crtiteria is as follows:

  • Women-owned or women-led business
  • Located in Texas or the Southwest
  • Growing, with revenues between $10 million and $100 million
  • A profitable business with positive cash flow
  • Solid management and financial controls in place
  • Searching for an experienced team of trusted advisors
  • Seeking at least $1 million in growth capital

 TWV Capital is unique in that they leave ownership and control with the current owners and management team. In addition to providing capital, TWV Capital offers an experienced team of over 100 industry and functional experts, entrepreneurs, and seasoned professionals who serve as trusted advisors and resources for portfolio companies. TWV Capital is based in Dallas (www.twvcapital.com).

2014 PEPD • Private Equity’s Leading News Magazine • 7-1-14

F.N.B. Capital Invests In DBi Services

by

dbi nfF.N.B. Capital Partners has provided mezzanine debt and preferred stock to support the recapitalization of DBi Services, a provider of infrastructure maintenance services.

gurgovits nf2“We are extremely excited to invest with this management team, who collectively are both leaders and innovators within their industry,” said Stephen Gurgovits, Jr., Managing Partner for FNBCP. “We expect the company will continue to capitalize on the increasing trend of outsourcing highway and rail maintenance projects.”

DBi provides infrastructure maintenance, operations and management services to government agencies, utilities, private industries, railways, retailers and other infrastructure owners. The company was founded in 1978 and is headquartered in Hazleton, PA (www.dbiservices.com).

FNBCP partnered with Alcentra (www.mezzanine.alcentra.com) and KCAP Financial (www.kcapfinancial.com) to provide the mezzanine debt and preferred stock in the recapitalization.

harnett nf1“It was a pleasure working with our two financing partners, and we were fortunate to have such an opportunity”, said Matthew Harnett, Partner for FNBCP.

Other parties involved in the transaction included M&T Bank (www.mtb.com) as the senior lender and investment bank Griffin Financial Group (www.griffinfingroup.com) served as the financial advisor to DBi.

© 2014 PEPD • Private Equity’s Leading News Magazine • 3-28-14

To search in site, type your keyword and hit enter