Source
Capital ("Source"), through an affiliate fund, is pleased to announce its
investment in KCI Telecommunications ("KCI" or the "Company"), a premier
provider of telecommunications engineering, installation, data center support,
and network management services. The Company delivers a full lifecycle offering
that includes provisioning, circuit design, activation support, off-net
coordination, installation and implementation, ongoing managed service design
and fulfillment, and resource management services, positioning KCI as a turnkey
partner for businesses across a variety of industries where network reliability
is essential.
Source's
SBIC fund, in partnership with fellow, established SBIC capital providers Petra
Capital Partners and Centerfield Capital Partners provided debt and equity to
support the acquisition of KCI, by Tricorner Group ("Tricorner" or the
"Sponsor").
"We are thrilled to partner with Tricorner Group, CEO Jarred Worth, and our SBIC partners on this exciting investment." said Josh Chin, Principal at Source Capital. "The Company is positioned at the intersection of 5G deployment, data center growth, and enterprise network modernization, creating a compelling opportunity for the business. We believe Tricorner Group and the management team are the ideal partners to support the next phase of growth, and we are excited to work together in this ever-advancing industry."
About Tricorner Group
Tricorner
Group is a lower middle market independent sponsor focused on acquiring and
growing businesses in industries undergoing technology-driven transformation.
Founded by Ed Eiland and Jon Gordon, Tricorner partners with experienced
management teams and established capital providers to acquire businesses with
strong operational foundations and meaningful growth potential. Tricorner
targets companies with $2 million or more in EBITDA and brings a hands-on,
operationally intensive approach to value creation. For more information,
visit www.tricornergroup.com.
About Source Capital, LLC
Source
Capital is an Atlanta, GA based private investment firm that has been providing
flexible equity and debt capital to lower middle market companies for over 20
years. The firm has a value-added investing approach that brings (i) patient
capital focused on long-term value creation; (ii) collaborative partnerships
with management teams, founders/owners, private equity investors and
independent sponsors; and (iii) strategic and operational resources to its
portfolio companies. To learn more about Source Capital or to discuss a new
equity or debt investment opportunity, please reach out to a member of our
investment team or visit www.source-cap.com.
About KCI Telecommunications
KCI
Telecommunications is a national provider of telecommunications engineering,
installation, implementation, and managed services. Founded in 2002, KCI serves
major communications companies and enterprises across the United States,
delivering end-to-end support across all layers of network connectivity. The
Company's services include structured cabling, wireless infrastructure
deployment, engineering support, circuit design, network security, and resource
management. For more information, visit www.kcitelecom.com.