Hess Broadband

Private | Sale | TriStruX

Provider of fiber optic splicing and specialty construction services to telecommunications network customers

Case

Delancey Street Partners is pleased to announce that Hess Broadband (“Hess” or the “Company”), has been acquired by TriStruX, a portfolio company of Huron Capital (“Huron”). Delancey Street Partners served as financial advisor to Hess and negotiated the terms of the transaction.

September 2022
Hess Broadband, Inc.
Sale of Hess Broadband
Sector: Utility Services
Delancey Street Partners served as financial advisor to Hess Broadband

Delancey Street Partners is pleased to announce that Hess Broadband (“Hess” or the “Company”), has been acquired by TriStruX, a portfolio company of Huron Capital (“Huron”). Delancey Street Partners served as financial advisor to Hess and negotiated the terms of the transaction.

About

September 2022
Hess Broadband, Inc.
Sale of Hess Broadband
Sector: Utility Services
Delancey Street Partners served as financial advisor to Hess Broadband

Situation

Hess is a provider of fiber optic splicing and specialty construction services to telecommunications network customers in Pennsylvania, Delaware, and New Jersey. Hess was founded in 2005 and is based in Warwick, Pennsylvania.

TriStruX, LLC provides comprehensive turnkey telecommunications service solutions across the continental United States. TriStruX’s mission is to provide the highest level of quality and excellence as a turnkey solution provider, building telecommunications infrastructure (5G, fiber installation, macro tower services, DAS) in its key markets. As a national, scaled service provider, TriStruX successfully competes in the telecommunications, power / electrical, utility, venue and regional / state / local government space. In 2020, the principals of Telcom Engineering Group (founded in 1991), Leone Electrical Company (founded in 1977) and High Point Utility merged their business to create TriStruX.

Huron Capital brings a people-first and thematic approach to private equity investing in secularly relevant and fragmented sectors of the North American services industry. Huron prides itself on an unwavering commitment to candor, trust, accountability and transparency in its relationships with management teams, investors, advisors and employees. Founded in Detroit in 1999, Huron partners with entrepreneurs and management teams, empowering their companies to new levels of excellence. Huron provides resources to help companies grow by professionalizing operations, improving service offerings, executing M&A strategies and accessing new markets. Huron Capital has managed over $1.8 billion on behalf of a global institutional investor base. Huron fulfills its commitment to all stakeholders by employing a repeatable playbook to drive thoughtful value creation, showcased in over 250 acquisitions since the firm’s inception.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders, and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising, and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Business & Technology Services, Healthcare, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

For additional information about this transaction, please contact:

B. Andrew Schmucker

Managing Partner Phone: (484) 533 – 6313

B. Andrew Schmucker

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