Portfolio

Seaport Capital (“Seaport”), a private equity firm focused on investments in business and information services and communications companies, today announced that it has made a strategic investment in Filmwerks, LLC (“Filmwerks”), a provider of mission critical production solutions, including power, structure, and lighting, to the live event industry. The Filmwerks management team will continue to lead the company.  Terms of the transaction were not disclosed.  Seaport funded the investment through Seaport Capital Partners V, a $230 million private equity fund.

Keg Logistics, a Seaport Capital portfolio company,  announced its acquisition of Nashville, Tennessee based Keg Credit, combining two of the leading keg providers in the rapidly growing U.S. craft brewing industry.

DENVER, CO and NEW YORK, NY – Private equity firm Seaport Capital (“Seaport”) announced today that it has acquired Keg Logistics LLC (“Keg Logistics” or “the Company”), an outsourced keg management provider that services local, regional and national craft breweries in the U.S., Canada and U.K.  The existing management team and Bregal Sagemount, the prior majority owner of the business, reinvested alongside Seaport in the transaction.  The Keg Logistics management team will continue to lead the Company.  Terms of the transaction were not disclosed.

Acquisition of East Bay broadband provider will leverage and extend its innovative, community-minded focus

Seaport backs CountryWide Broadband management team in acquisition of Peoria, IL fiber network

CountryWide Broadband (CWB) today announced that iTV-3, LLC, a company wholly owned by CWB and Seaport Capital of New York, has entered into a definitive agreement to acquire the assets of iTV-3 Inc., a gigabyte, all fiber-to-the-premises system serving Peoria, Champaign, Urbana and other communities in Central Illinois.  iTV-3 Inc. is a wholly owned subsidiary of Highland Ventures, Ltd.  CWB anticipates closing the acquisition in the second quarter of 2016, after regulatory and franchise approvals are received.

BEDFORD, TX – March 1, 2017 – Quatris Health (“Quatris”), a provider of specialized healthcare software and database solutions, as well as hosting, software maintenance and support services for small and medium sized physician practices, announced today that it has acquired Atlanta based HealthSystems.  Quatris, a portfolio company of Seaport Capital, is the largest indirect channel provider of services, products and software maintenance for GE Healthcare’s Centricity Practice Solution to small and medium sized physician practices. The senior HealthSystems management team, Maurice Rosenbaum and Larry Stoumen, invested in the transaction and will remain with Quatris going forward. Terms of the transaction were not disclosed.

BEDFORD, TX and NEW YORK, NY - Quatris, LLC (“Quatris”), a provider of specialized healthcare software and database solutions, as well as hosting, software maintenance and support services for small and medium sized physician practices, announced today that it has secured a strategic investment from Seaport Capital (“Seaport”), a middle-market private equity firm. The existing management team invested in the transaction alongside Seaport and will continue to lead the company going forward. Terms of the transaction were not disclosed

Puerto Ricans at the forefront

SAN JUAN, P.R. – August 1, 2014 – B Media Group, a leading Puerto Rican owner and operator of billboard properties, announced today that it has received a strategic growth investment from Seaport Capital, a private equity firm focused on investments in the communications, media, and business services sectors.

PHOENIX, ARIZ. – March 18, 2014 – Ubiquity Hosting, a leading US provider of dedicated, cloud and managed servers, announced today that it has received a strategic investment from Seaport Capital, a private equity firm focused on investments in the communications, information technology, and business services sectors.

New York - DSA Mission Critical Services (MCS), a leading national provider of maintenance support and services for mission critical data center infrastructure, announced today that it was sold by DSA Encore, LLC to Seaport Capital, a private equity firm focused on investments in the communications, information technology and business services sectors.

 EasyStreet Online Services and Infinity Internet, leading providers of data center, cloud computing and managed services in the Portland, OR market, announced today that they have merged and will operate as a single company under the EasyStreet name.  The combination of the two companies was facilitated by a strategic investment led by Seaport Capital, a private equity firm focused on investments in the communications, information technology and business services sectors.

New York, NY – December 1, 2015 – Seaport Capital, a private equity firm focused on investments in communications, information and business services companies, announced the sale of its portfolio company, Net Access, to Cologix, Inc.  Net Access is a leading provider of data center and workspace recovery services in the Northern New Jersey and Metro New York market.  Cologix, Inc. is a network neutral interconnection and data center company operating 24 data centers in 9 markets post the Net Access transaction.

Cologix’s 10th acquisition adds new market and significant scale to rapidly growing North American platform.

CEDAR KNOLLS, NJ January 8, 2014 – Net Access, a leading colocation, cloud, and managed services provider in the New York metropolitan region, announced today the appointment of Raul K. Martynek as the company’s Chief Executive Officer. Mr. Martynek is assuming the role of CEO as Blake Ellman who has served as the company’s CEO and Co-Founder since 1995 will be transitioning into a new role as the company’s Chief Technology Officer heading up product development.

Net Access Corporation, a leading provider of data center and managed services in the New Jersey and New York City Metro markets, announced today that it has received a strategic investment led by Seaport Capital, a private equity firm focused on investments in the communications, information technology, and business services sectors.

The combined firms will support nearly $690 billion in platform assets and over 2.5 million investor accounts.

HEBRON, KY – February 27, 2017 – FTJ FundChoice, a Seaport Capital portfolio company, announced today that it has completed a successful recapitalization with Madison Capital Funding (“Madison Capital”).  The recapitalization is the second debt financing the company has completed in the last two years with Madison Capital and was made possible by the company’s rapid growth in recent years.  The proceeds of the recapitalization were used to support the Company's continued growth and fund a cash distribution to equity holders.

NEW YORK, NY. – February 25, 2015 – Seaport Capital Partners ("Seaport") announced today that FTJ FundChoice, LLC (the "Company"), a Seaport portfolio company, has completed a successful recapitalization.  Madison Capital Funding led the recapitalization, which included a new term loan and a revolving credit facility.  The proceeds of the recapitalization were used to refinance outstanding debt, support the Company's continued growth, and fund a cash distribution to equity holders.

You’d probably never in a million years guess that an office not far from the Cincinnati/Northern Kentucky International Airport in Hebron handles $4 billion in assets.

FTJ FundChoice, LLC, a provider of technology and services to investment advisors, announced today that it has been acquired by Seaport Capital, a middle-market private equity firm. The existing management team and the selling shareholder also invested in the transaction. Terms of the transaction were not disclosed. FTJFC will continue to be led by President Dean Cook and COO Phillip Markgraf.

Voxel, a leading provider of hybrid cloud hosting and managed services, announced today that it has completed a $5.5 million debt and equity capital raise led by Seaport Capital, a private equity firm focused on growth and buyout opportunities in the communications, information technology and business services sectors.

Seaport Capital (“Seaport”), a private equity firm focused on investments in communications, information and business services companies, announced the sale of its portfolio company, Logicworks, to Pamplona Capital Management (“Pamplona”).  Located in New York City, Logicworks is a leading provider of cloud automation and managed services for Amazon’s public cloud, Amazon Web Services (“AWS”).  Through its Managed AWS (“mAWS”) offering and Private Cloud, Logicworks provides its clients not only with IT infrastructure and services to house their data, but also with access to highly qualified IT professionals that would otherwise be unavailable cost-effectively.

Mansfield, MA, December 20, 2013 – Bay Communications II, LLC today announced the closing of a $10 million debt facility to support the continued growth of the company’s tower development portfolio.  Based in Mansfield, MA, Bay Communications II develops, constructs and operates cell phone towers in the northeastern United States.  Bay Communications II is backed by equity partner Seaport Capital, who initially invested in the company in 2011.

Bay Communications II, LLC announced today it has completed a capital raise led by Seaport Capital. Bay Communications II was founded by Jim Riley, a tower developer with nearly two decades of experience of developing towers in the Northeast. Mr. Riley also participated in the investment. Additional terms of the investment were not disclosed. Seaport Capital, an investment firm focused on growth and buyout opportunities, has extensive experience investing in the cellular tower industry. Bay Communications II is Seaport's fourth tower development company investment.

ATLANTA, GA. – December 10, 2015 – Municipal Communications (“Municipal”) announced today that it has completed the sale of an undisclosed number of cellular towers to SBA Communications.  The proceeds from the transaction will be used to support Municipal’s growth as it continues to develop wireless facilities across the United States.

ATLANTA, GA. – April 21, 2015 – Municipal Communications (“Municipal” or the “Company”) announced today that it has completed the sale of an undisclosed number of cellular towers to SBA Communications.  The proceeds from the transaction will be used to support the continued growth of Municipal as it continues to develop cellular towers for wireless carriers across the United States.

Atlanta, GA, April 21, 2014 – Municipal Communications, LLC today announced the closing of a debt facility of up to $12.5 million to support the continued growth of the company’s tower development portfolio.  Municipal Communications, based in Atlanta, develops, constructs and operates cell phone towers nationwide.  Municipal Communications partnered with private equity investor Seaport Capital in 2010.

Municipal Communications, LLC announced today it has completed a $10.75 million capital raise led by Seaport Capital, a private equity firm focused on growth and buyout opportunities in the communications, information and business services, and media sectors. Municipal Communications represents the first transaction made by Seaport Capital's fourth fund, Seaport Capital Partners IV, L.P. The company co-founders also participated in the investment.

NEW YORK, NY and HAMMOND, LA, October 9, 2014 – Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, today announced a definitive agreement to acquire a majority stake in Worley Claims Services (“Worley”), one of the largest independent providers of claims adjustment and related services in the United States. Since its founding in 1976, Worley has been nationally recognized for its expertise in adjusting claims, recovering costs, and overseeing public relations following natural and man-made environmental events.

SAN DIEGO, CA -  (March 21, 2013) – AIS (American Internet Services), a leader in tailored data center and cloud service solutions, announced that Fortress Credit Corp., an affiliate of Fortress Investment Group, has provided the company a $43.5 million senior secured credit facility. Terms of the transaction were not disclosed.

American Internet Services (AIS), San Diego's largest data center operator and Southern California's fastest-growing colocation company, announced today that it has acquired Complex Drive, a well-established San Diego data center provider known for its advanced technology, expertise, and excellent support for the past 10 years. By combining the collective technology, networking capacity and expertise of both companies, AIS and Complex Drive will deliver the widest range of carrier-neutral data center solutions to support their customers' ever growing and changing business needs.

San Diego, CA October 3, 2008: American Internet Services, Inc. (AIS), the largest provider of data center co-location services in San Diego, announced today the completion of its acquisition by an investor group led by Seaport Capital, a private equity firm focused on the media, communications, and information and business services sectors. The other members of the investor group include Viridian Investment Partners and DuPont Capital Management.

Leading independent communications holding company SureWest Communications (Nasdaq: SURW) announced today that it has signed a definitive agreement to acquire Everest Broadband, Inc. ("Everest"), a portfolio company of Seaport Capital, for $173 million in cash. Everest is a privately held competitive provider of high-speed data, video and voice services in the greater Kansas City area. The transaction, which is expected to close by the end of the first quarter 2008, will more than double SureWest's triple-play residential subscriber base and facilitate the rapid expansion of its business services.

Seaport Capital has completed the sale of Everest Broadband to SureWest Communications (Nasdaq: SURW) for $173 million. This sale resulted in Seaport generating 3.3 times its investment and 99.4% IRR. Everest, acquired by Seaport Capital Partners III in June 2006, increased monthly provider EBITDA over 50% during Seaport's ownership. Everest is a competitive provider of high-speed data, video, and voice services in the greater Kansas City area.

New York private equity firm Seaport Capital LLC is acquiring cable, Internet and phone services company Everest Connections LLC. No deal value was announced, but GE Commercial Finance said in a press release Tuesday that it was providing $68.7 million in senior secured debt to finance the buyout. Seaport typically invests $5 million to $35 million in middle-market media, telecommunications, information and business services companies valued at between $15 million and $200 million.

July 11, 2006: GE Commercial Finance - Global Media & Communications announced today that it has closed, as administrative agent, a $68,750,000 senior secured credit facility in support of Seaport Capital's acquisition of Everest Connections, a local cable, Internet and phone provider with over 34,000 subscribers in the greater Kansas City metropolitan area. GE Capital Markets served as sole lead arranger in the deal, which closed on June 30.

July 3, 2006: Aquila, Inc. today announced that it has completed the sale of its Minnesota natural gas utility division and that its subsidiary, Everest Global Technologies Group, LLC (EGTG), has completed the sale of its Kansas City area cable, broadband Internet, and telephony business, known as Everest.

Seaport Capital announced today that it has completed the sale of MCV Broadband, the leading triple-play cable television, internet, and telephone provider on Guam, to NTT DOCOMO, INC., a Japan-based global operator of wireless communications networks, for an enterprise value of approximately $130 million USD.  

Seaport Capital has completed the sale of Virgo Publishing to Arlington Capital Partners for an undisclosed amount. This sale resulted in Seaport generating 3.7 times its investment and a 49% IRR. Virgo, acquired by Seaport Capital in November 2004, increased annual EBITDA approximately 70% during Seaport's ownership.

Seaport Capital completed the sale of its portfolio company, Southeast Towers, LLC, to Diamond Communications, LLC. Southeast Towers has been a Seaport Capital portfolio company since August 2004. Under Seaport Capital's stewardship, Southeast Towers acquired or developed 180 communications towers, becoming one of the largest privately-owned tower development companies in the country. Through the sale Seaport Capital realized 3.6 times its investment resulting in a 60% IRR.

Peak 10 Inc., a managed services company with world-class data centers, and Welsh, Carson, Anderson & Stowe ("Welsh Carson"), a leading private equity firm, have entered into a transaction in which Welsh Carson and Peak 10's executive management will acquire a majority shareholder interest in Peak 10. Selling shareholders include majority owner Seaport Capital, a New York-based private equity firm and McCarthy Capital, an Omaha, Neb.-based private equity fund.

Peak 10, the leading independent data center operator and managed services provider, today announced it has amended and expanded its credit facility. RBC Capital Markets was the Lead Arranger and Sole Book Runner for the bank syndicate. GE Capital Corporation was the syndication agent and CIT participated in the bank syndicate as the documentation agent. The majority of the $60 million credit facility will be used for capital expenditures to fuel the company's organic growth and for general corporate purposes. Royal Bank of Canada will act as Administrative Agent for the Lenders.

Rochester, New York - Waltham, Massachusetts - Marlboro, Massachusetts: Choice One Communications, CTC Communications and Conversent Communications jointly announced today the completion of their previously announced combination. The merged organization will be called "One Communications" as of July 24th and will serve businesses in sixteen states within the Northeast, Mid-Atlantic and upper Midwest regions. With revenues of over $800 million, One Communications is the largest privately-held competitive local exchange carrier in the United States.

Waltham, Massachusetts and Rochester, New York March 28, 2006: CTC Communications and Choice One Communications, which on February 10, 2006 announced their agreement to merge, today announced they are jointly acquiring Conversent Communications, Inc., an integrated communications provider with significant facilities and customers in the Northeast as well as in West Virginia. On a combined basis, the three companies currently generate about $800 million in annual revenue and provide telecommunications services to over 150,000 business customers representing more than 1.3 million access lines equivalents. The combined company, which will be privately held, will be the second largest competitive communications provider in the U.S., with a heavy regional focus in the Northeast, Mid-Atlantic, and upper Midwest regions. Its network will include 10,000 route miles of fiber and approximately 700 unique collocations.

Jan. 17, 2007: SirsiDynix, the global leader in strategic technology solutions for libraries, announced today the completion of its acquisition by Vista Equity Partners, a $1 billion private equity firm focused solely on investing in software and technology-enabled businesses.

Foster City, CA and Tampa, FL-October 21, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, and Switch & Data Facilities Company, Inc. (Nasdaq: SDXC), a leading provider of data center and Internet exchange services, have entered a definitive agreement for Equinix to acquire Switch and Data in a transaction valued at approximately $689 million in cash and stock, based on yesterday's market close. The combination of the two companies will further strengthen Equinix's leadership position in the global data center services market by extending the company's presence to 16 new markets across North America. Equinix will integrate Switch and Data's data center business and operations, including the company's 34 data centers in 22 markets in the U.S. and Canada. The acquisition will add more than one million gross square feet of data center capacity, bringing Equinix's total global footprint to 79 data centers in 34 markets and more than six million square feet across the North American, European and Asia-Pacific markets. It will allow Equinix to immediately expand into new strategicmarkets, including Atlanta, Denver, Miami, Seattle and Toronto, as well as provide a platform for future expansion of Switch and Data assets.

Switch and Data (NASDAQ: SDXC), a leading provider of Internet exchange and colocation services, today announced that the company has obtained $157.5 million in debt financing from a syndicate of banks led by RBC Capital Markets and GE Corporate Lending. Royal Bank of Canada will act as Administrative Agent for the debt financing. The financing fully funds Switch and Data's previously announced capacity expansion program.

Switch & Data Facilities Company, Inc. (NASDAQ: SDXC - News), announced today that it had closed its initial public offering of 13,416,667 shares of common stock at the public offering price of $17.00 per share, less underwriting discounts and commissions. Of these 13,416,667 shares that were sold, 9,000,000 shares were sold by the Company and 4,416,667 shares were sold by certain of the Company's stockholders (1,750,000 of which were purchased by the underwriters pursuant to their over-allotment option). The shares trade on the NASDAQ Global Market under the symbol "SDXC."

October 15, 2007: Reserve Holdings, Inc., a private telecommunications provider serving St. John the Baptist Parish with telephone, cable television and high-speed Internet services, announced today that it had completed the sale of the company to S&K Communications. S&K Communications is controlled by Sean E. Reilly and Kevin P. Reilly, Jr. Reserve Holdings, Inc. had been majority-owned by Seaport Capital since 1998 and has been providing telecommunications services since 1935.