Hunter Street completes exit from telecom company TriStruX
MINNEAPOLIS, January 4, 2022 /PRNewswire/ — Hunter Street Partners (“Hunter Street”), a Minneapolisalternative investment management company and Five Crowns Credit Partners (“Five Crowns”) announced today that they have sold their interests in TriStruX, a leading provider of telecommunications infrastructure services to mobile operators, cable companies and equipment manufacturers, to a solidifying private equity firm.
TriStruX was founded as a result of a merger between Telecom Engineering Group (“TEG”) and Leone Electric Company (“LEC”). In November 2020, TriStruX has acquired High Point Utilities (“High Point”), a regional broadband network construction and maintenance company. Hunter Street Partners and Five Crowns Credit Partners financed both the merger and subsequent acquisition.
TriStruX provides complete turnkey telecommunications service solutions across the continent United States to major US telecommunications and cable companies. The company provides telecommunications infrastructure solutions for cellular macro towers and 5G wireless fiber, underground and overhead, as well as installation and maintenance of power and electricity. TriStruX provides service in over 20 states, primarily along the Eastern Seaboard, including New York City, as well as the American Southwest and Texas.
“We were delighted to help TriStruX achieve its next stage of growth by providing flexible access to capital. Through acquisitions and organic growth driven by industry demand and operational focus, we were pleased to see the company’s strong trajectory,” said Neal Johnson, CEO and CIO at Hunter Street.
“We were at a stage where we wanted to improve our service offerings and take advantage of the competitive advantages gained through economies of scale. We would like to thank the teams at Hunter Street and Five Crowns for the support and capital they provided to pursue these opportunities,” said TriStruX Chairman of the Board, Franck Pena. “Their guidance and capital support has helped us grow faster than the market over the past 2 years.”
“We are excited about our investment in TriStruX and our partnership with the company’s management team. They have taken advantage of consolidation trends in the market to add service offerings in existing markets and accelerate growth in new areas. new markets, and we wish them the best in the next chapter of their growth,” said Andre Platt, Partner at Hunter Street.
About Hunter Street Partners
Hunter Street Partners is a Minneapolisalternative investment management company that provides capital solutions to operating partner teams and lower middle market companies in corporate finance, real estate and specialty finance. The firm focuses on fundamental-driven, asset-driven credit and equity opportunities. Learn more about Hunter Street Partners at www.hunterst.com.
About Five Crowns Credit Partners
Five Crowns, a Newport Beach-based investment firm, was founded in 2003 to make value-oriented equity investments in lower-middle-market companies with an opportunistic approach. Driven by attractive market opportunities, the company expanded into credit in 2016 to provide flexible and creative financing solutions for acquisitions, shareholder buyouts, dividend wrap-ups and various growth initiatives.
About TriStruX, LLC
TriStruX, LLC provides complete turnkey telecommunications service solutions throughout the continental United States. Our mission is to provide the highest level of quality and excellence as a turnkey solution provider, building telecommunications infrastructure (5G, fiber installation, macro tower services, DAS) in our key markets . As a nationwide service provider, we are competitive in the telecommunications, energy/power, utilities, venues, and regional/state/local government sectors. In 2020, the leaders of Telcom Engineering Group (founded in 1991), Leone Electrical Company (founded in 1977) and High Point Utility merged to create TriStruX. Visit www.tristrux.com to learn more.
Contact for Hunter Street Partners
Media contact for Hunter Street Partners
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SOURCE Hunter Street Partners