Point Broadband, LLC (“Point Broadband”, “Point”, or the “Company”) announced today that it has agreed to receive a strategic investment from funds affiliated with GTCR LLC (“GTCR”), a leading private equity firm. The financial terms of the transaction were not disclosed.
Founded in 2017, and headquartered in West Point, GA, Point Broadband provides fiber-to-the-premise (“FTTP”) high-speed data (“HSD”) services to residential and business customers in select markets east of the Mississippi River. In addition to operating its existing network, Point is actively expanding its footprint via new FTTP builds in near-adjacent markets. In partnering with GTCR, Point Broadband will accelerate its ongoing network expansion in order to provide fiber-based broadband to underserved communities.
“GTCR’s strategic investment will help accelerate the deployment of our fiber-based broadband solutions to a range of markets, including small town USA and rural America,” said Todd Holt, co-founder and CEO of Point Broadband. “GTCR shares our core values of customer service and community engagement and has a proven track record of deploying capital to build state-of-the-art broadband networks. We are excited to welcome GTCR to the Point Broadband family as we enter our next phase of growth.”
Source: PR Newswire
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