Service provider Point Broadband, LLC says it has reached an investment agreement with private equity firm GTCR LLC. The funding, the amount of which Point Broadband declined to reveal, will go toward expansion of fiber broadband delivery in new, underserved markets.
Founded in 2017 and headquartered in West Point, GA, Point Broadband offers high-speed broadband via fiber-to-the-premises (FTTP) networks to what it calls “select markets” in nine states east of the Mississippi River. The company says it is growth mode, which the new relationship with GTCR will help fund.
"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," explained 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."
"The Point management team has built a phenomenal business in a short period of time and we are impressed with the team's execution to date," said Stephen Jeschke, Managing Director at GTCR. "We are thrilled to partner with an entrepreneurial, yet very experienced and seasoned management team to expand Point's network and bring fiber-based internet access to new communities."
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
You can connect with Stephen on LinkedIn as well as Twitter.