Mill Point Capital has acquired Clearwater, Florida-based Knight Enterprises, a provider of communications infrastructure services. No financial terms were disclosed. Capstone Headwaters advised Knight on the transaction.
Denver, CO – Capstone Headwaters, a leading middle market investment banking firm, advised Knight Enterprises (“Knight”), a provider of communications infrastructure services, on its transaction with investment firm Mill Point Capital. Terms of the deal were not disclosed.
Founded in 1982, Clearwater, Florida-based Knight serves many of the largest Tier I and Tier II service providers in the cable and telecommunications industries and considers itself to be one of the largest communication infrastructure service providers in the Southeastern U.S. The company is led by CEO Jason Welz, who will continue to lead the company in partnership with Mill Point.
Knight’s services include engineering, design construction and maintenance of wireline and wireless communications; installation of energy systems including lighting, solar power and battery systems; smart grid and system security installation; and installation of cable, internet and phone systems for residential and commercial customers.
“The Capstone team did a terrific job in representing Knight Enterprises and our leadership team in closing an extremely complicated transaction, right in the middle of a global pandemic,” stated Jeffry Knight, Founder and Owner of Knight.
Paul Janson, COO of Capstone Headwaters, commented, “It was a pleasure to advise such an experienced management team as Knight Enterprises, who were undoubtedly the heartbeat of this transaction. We were able to provide shareholders with not only a great liquidity event during unprecedently levels of market uncertainty but also a industry knowledgeable partner in Mill Point Capital. The company is positioned for substantial growth, and we are excited to see what the future holds for the combined team.”
ABOUT MILL POINT CAPITAL
Mill Point Capital is a private equity firm targeting control investments in lower-middle market businesses, with a focus on industrial and business services companies in North America. Mill Point’s experienced team of investors and Executive Partners seek to enhance the value of portfolio companies by executing transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.
ABOUT CAPSTONE HEADWATERS
Capstone Headwaters is one of the largest and most active independent investment banking firms in the United States. The firm has a rich 18+ year history of achieving extraordinary results for middle market entrepreneurs, business owners, investors, and creditors. The firm offers a fully integrated suite of corporate finance services, including merger & acquisition, debt & equity placement, ESOP advisory, corporate restructuring, valuation & fairness opinion, and financial advisory services. Headquartered in Boston, Capstone Headwaters has over 170 professionals across 17 offices in the U.S. with 16 dedicated industry groups. Capstone Headwaters has been recognized consistently as one of the top investment banks to work for and “U.S. Middle Market Firm of the Year”. For more information, visit www.capstoneheadwaters.com.