Balance Point Capital Partners said Wednesday it invested in OnRamp Access LLC. Financial terms weren’t announced but Balance Point said it provided senior subordinated notes to fund OnRamp’s growth initiatives. Austin-based OnRamp provides hybrid computing to companies that require high levels of security and availability.
WESTPORT, Conn., April 8, 2015 /PRNewswire/ — Balance Point Capital Partners (“Balance Point”), a private equity fund focused on providing debt and equity capital to lower middle market companies across the U.S. announced today its investment in OnRamp Access, LLC (“OnRamp”) (www.onr.com). Balance Point provided Senior Subordinated Notes to fund growth initiatives.
Founded in 1994 and headquartered in Austin, Texas, OnRamp provides hybrid computing to companies that require high levels of security and availability. OnRamp operates multiple enterprise class data centers where it deploys cloud-delivered computing capacity, managed hosting and colocation services. OnRamp specializes in working with companies to ensure compliance in the healthcare, financial services and education services industries. “We are thrilled to be in partnership with Balance Point,” said Ryan Robinson, OnRamp’s Chairman and President. “They understood our long-term growth plan and created customizable capital that is critical to help finance our growing business.”
Justin Kaplan, a Partner with Balance Point adds, “We couldn’t be more excited to partner with the OnRamp team. We’ve been impressed with their ability to grow into a leading data center handling complicated and sensitive data streams. Under the team’s leadership, we look forward to supporting OnRamp’s continued expansion.”
Balance Point Capital Partners invests mezzanine and equity capital in select lower middle market companies. Since 1988, the firm and its predecessor funds have invested in over 80 distinct businesses. Balance Point Capital Partners takes a long-term, partnership approach to investing and are committed to building lasting relationships with private equity sponsors, management teams and intermediaries. Balance Point targets companies with EBITDA between $2 million and $25 million and typically invests $5 million to $20 million per transaction. Balance Point Capital Partners is based in Westport, CT (www.balancepointcapital.com).