Stone-Goff Partners said Oct. 23 that it invested in John Staurulakis Inc. Financial terms weren’t announced. John Staurulaki, of Greenbelt, Maryland, provides regulatory and compliance consulting services to more than 400 telecommunications providers in rural communities across the U.S. FOCUS Investment Banking advised JSI. Texas Capital Bank provided senior debt financing, while Five Points Capital and RGA Private Debt & Equity provided mezzanine financing and equity co-investment.
New York, NY, October 23, 2018 – Stone-Goff Partners (SGP) announced today that it has invested in John Staurulakis, Inc. (“JSI”). Founded in 1962 and headquartered in Greenbelt, MD, with two additional major offices in Minneapolis and Austin, JSI is the leading national provider of regulatory and compliance consulting services to over 400 telecommunications providers in rural communities across the U.S. With over 100 employees and decades of experience serving their market, JSI’s deep knowledge of the telecom industry and rural broadband markets is a key differentiator benefiting its longstanding client base. In addition to being the dominant provider of regulatory and compliance services to Incumbent Local Exchange Carriers (“ILECs”), JSI also provides financial, business management and executive management training services to its client base.
“We are proud of the JSI team and the company we have built together,” said JSI President, Manny Staurulakis. “Going forward, JSI is thrilled to partner with Stone-Goff Partners as we enter our next phase of growth while also maintaining the Company’s legacy as being an advocate for telecommunications providers and the rural communities they serve.”
“JSI has numerous opportunities to expand our business and we look forward to pursuing them with Stone-Goff as partners said JSI’s EVP, Leo Staurulakis.
“We are excited to partner with Manny, Leo and their team who will continue leading and building the Company,” said Laurens Goff, co-founder of Stone-Goff Partners. “JSI is a differentiated, mission-critical service provider with an experienced team and longstanding history of delivering high quality service with measurable success to its customers. The Company’s depth of talent and expertise within the telecom regulatory landscape, and culture of growth underscores JSI’s exceptional potential.”
FOCUS Investment Banking served as the exclusive financial advisor to JSI in this transaction. Texas Capital Bank provided senior debt financing and Five Points Capital and RGA Private Debt & Equity provided mezzanine financing and equity co-investment.
With offices in New York and Boston, Stone-Goff Partners is a private equity investment firm that invests in lower middle-market founder-owned businesses and corporate carve-outs in the business services and consumer sectors. Founded in 2010 by Hannah Stone Craven and Laurens Goff, the firm leverages the extensive investment, strategic and operational experience of its principals to serve as a value-added partner for management teams, portfolio companies, and limited partners. Stone-Goff Partners is currently investing from Stone-Goff Partners II, LP. For more information, visit www.stonegoff.com.