O2 Investment Partners has acquired a stake in Fairhaven Integration Services. No financial terms were disclosed. As a result of the transaction, Fairhaven has been added to O2 portfolio company NTI Connect. Based in Atlanta, Fairhaven is a provider of engineering and installation services for the telecom, cable MSO and enterprise sectors.
BLOOMFIELD HILLS, MI–(Marketwired – May 16, 2017) – O2 Investment Partners (www.o2investment.com) announced today that it has made a significant investment in Fairhaven Integration Services (www.fairhavenllc.com), partnering with founders Jerry Hart, Andy Goldsworthy and Jason Willis to continue growing the business. Terms of the investment were not disclosed.
Fairhaven Integration Services is the latest addition to O2’s comprehensive network services platform, NTI Connect (www.nti-connect.com). The NTI Connect group of companies, including National Technologies, NTI Fiber Optics, CCSI Networks and Fairhaven, offers a nationwide presence of over 150 technicians delivering the network design, technology deployment and field integration services required by fiber, wireless and broadband carriers, cable MSOs, Data Centers and global telecom enterprises across North America. The NTI Connect platform provides a comprehensive set of critical network build out services including fiber network deployment and splicing, network testing, design and engineering services, data center build out, wireless network deployment and systems integration.
O2 Investment Partners formed NTI Connect to address the demands that exploding broadband data consumption is placing on voice and data networks. The NTI Connect platform was established with the initial acquisitions of National Technologies (www.national-technologies.com) and NTI Fiber (www.ntifiber.com), a nationwide provider of fiber splicing and technical services. The platform expanded with the acquisition of CCSI Networks (www.ccsinetworks.com) which brings wireless and fiber design, development and technical services to deploy macro, micro, DAS and small cell networks. Fairhaven (www.fairhavenllc.com) now brings NTI Connect the core equipment integration competencies to help enterprise and telecom customers meet the rapidly increasing demand for video content.
Jerry Hart and Andy Goldsworthy, co-founders of Fairhaven, commented, “We’re incredibly enthusiastic about our partnership with O2 and the NTI Connect team. We’re ready to take our business to the next level and we believe that by adding fiber and wireless network deployment services to our equipment integration services, as a team we now address all needs of leading telecom and data networks, making our business more relevant to the needs of our clients.”
Luke Plumpton of O2 Investment Partners, commented, “We’re excited to welcome Jerry, Andy, Jason and the Fairhaven team to the NTI Connect family. Our goal is to support them in accelerating the growth of Fairhaven and help them drive their world class services and unmatched skill set to fiber and wireless network customers across the country. We view our relationship with the Fairhaven team as a true partnership for growth.” Mr. Plumpton added, “We want to thank our financial partners, Brightwood Capital, The Private Bank, and Alcentra Capital for their confidence and participation in this investment.”
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About Fairhaven Integration Services:
Fairhaven Integration Services provides equipment EF&I (engineer, furnish and install), test and turn-up services to the telecom, Cable MSO and enterprise sectors to support the increasing demand video content places on telecom networks. The company was founded in 2003 by Jerry Hart, Andy Goldsworthy and Jason Willis and is headquartered in Atlanta, Georgia.
About NTI Connect:
The NTI Connect group of companies, including National Technologies, NTI Fiber Optics, CCSI Networks and Fairhaven offers a nationwide presence of over 150 technicians delivering the network design, technology deployment and field integration services required by fiber, wireless and broadband carriers, cable MSOs, Data Centers and global telecom enterprises across North America. The NTI Connect platform provides a comprehensive set of critical network build out services including fiber network deployment and splicing, network testing, design engineering services, data center build out, wireless network deployment and systems integration.
Additional information is available at www.o2investment.com ; www.fairhavenllc.com ; www.nti-connect.com