Houlihan Lokey Advises Point Broadband

Houlihan Lokey is pleased to announce that Point Broadband LLC has agreed to receive a strategic investment from funds affiliated with GTCR LLC, a leading private equity firm. The financial terms of the transaction were not disclosed. The transaction was announced on April 16, 2021.

Founded in 2017, and headquartered in Opelika/Auburn, Alabama, and West Point, Georgia, Point Broadband provides fiber-to-the-premises (FTTP) high-speed data services to residential and business customers in select markets east of the Mississippi River. In addition to operating its existing network, Point Broadband is actively expanding its footprint via new FTTP builds in near-adjacent markets. In partnering with GTCR, Point Broadband will accelerate its ongoing network expansion in order to provide fiber-based broadband to underserved communities.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the healthcare; financial services and technology; technology, media, and telecommunications; and growth business services industries. The Chicago-based firm pioneered The Leaders Strategy™—finding and partnering with management leaders in core domains to identify, acquire, and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $20 billion in over 250 companies.

Houlihan Lokey served as the sellside financial co-advisor to Point Broadband and assisted in marketing, structuring, and negotiating the transaction on behalf of the company. This transaction further demonstrates Houlihan Lokey’s leading position in advising premier fiber-based, broadband companies in the U.S.

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