May 9, 2024   SOURCE: BusinessWire

Stone-Goff Partners Announces New Funding to Support Growth of JSI

Stone-Goff Partners (“SGP”), a lower middle market private equity firm focused on technology-driven business-to-business services companies active in the knowledge economy, today announced the funding of a senior credit facility by Balance Point Capital (“Balance Point”) to support the growth of SGP portfolio company John Staurulakis, LLC (“JSI” or the “Company”), a leading nationwide provider of specialty consulting and engineering services to rural broadband telecommunications operators.

The new debt capital will support a refinancing of JSI’s existing credit facilities, fund a distribution and extend capital for future acquisition activity. Balance Point Capital served as the sole lead arranger and administrative agent.

"We’re excited to announce our partnership with Balance Point to support the continued growth of JSI," said Laurens Goff, co-founder and Managing Partner of SGP. "We’ve worked closely with Balance Point and JSI to make sure we’ve found the right structure to allow JSI to build on its significant momentum and continue developing innovative solutions for its customers.”

Founded in 1962 and led by CEO Tasos Tsolakis, JSI combines Regulatory, Financial and Compliance Advisory, Fiber Engineering and Managed Services expertise to bring an end-to-end solutions platform to fast-growing broadband operators nationwide. With a unique mix of re-occurring engagements and a growing suite of technology products, JSI is relied upon by its more than 600 customers to support day-to-day operations and drive strategic initiatives.

“Balance Point is thrilled for the opportunity to partner with both Stone-Goff and JSI,” said Adam Sauerteig, Partner at Balance Point. “There continues to be significant tailwinds for growth in broadband and we have the utmost confidence that Tasos and JSI will remain ahead of the curve.”

About Stone-Goff Partners
Stone-Goff Partners is a lower middle market private equity firm investing in technology-driven business-to-business service companies. Our companies combine service offerings with technology, focus on clearly defined end markets, and are active participants in the growing knowledge economy. Core verticals include business services, consulting services, marketing services, IT services, human capital and training, and outsourced services. We partner with company founders and executive leadership teams to provide capital, M&A origination and execution, and value-creation expertise to our portfolio companies. Since the firm’s founding in 2010, Stone-Goff’s sector knowledge and deal experience has helped drive successful outcomes for company founders, limited partners, and portfolio management teams. For more information about Stone-Goff Partners, please visit stonegoff.com.

About Balance Point Capital
Balance Point Capital is an alternative investment manager focused on the lower middle market. With approximately $2.1 billion in assets under management, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. Balance Point takes a long-term, partnership approach to investing and is committed to building lasting relationships with its partners, management teams and intermediaries. Balance Point is a registered investment adviser. Further information is available at www.balancepointcapital.com.

1. This release is for informational purposes only and does not constitute, or form part of, an offer to purchase or issue interests in any security or investment product. No assurance can be given that any investment managed by Stone-Goff will be able to implement its investment strategy or achieve its investment objectives.
2. This release contains statements that may be considered testimonials or endorsements. While no compensation arrangement exists between Stone-Goff and any outside parties in connection with any testimonial or endorsement made herein, those making statements could be considered to have an economic interest in the success of Stone-Goff, a particular investment, or portfolio holding.
3. Past performance is not indicative of future results. Stone-Goff does not make any representation or warranty, express or implied, regarding future performance of any investment vehicle, particular investment or portfolio holding.