Huron Capital, a leading middle-market private equity firm based in Detroit, has completed the acquisition of TriStruX, a national provider of telecommunications infrastructure to wireless carriers, cable companies, and OEMs based in Clifton, New Jersey. Financial terms of the merger were not disclosed.
TriStruX provides a range of installation, upgrade, and maintenance services including macro cell and 5G wireless construction, underground and overhead fiber construction, and hardware decommissioning to many leading U.S.-based telecommunications and cable companies.
“We believe there’s a meaningful opportunity to continue the company’s expansion both organically and through acquisition while maintaining its track record of high-quality service delivery and deep focus on safety,” says Jim Mahoney, managing partner at Huron.
TriStruX was formed in 2020 from a merger of Telecom Engineering Group, Leone Electric Corp., and High Point Utilities. Mahoney says the majority owners of these businesses will remain in key management roles and maintain minority equity stakes in the company under Huron ownership. Mahoney, alongside industry veteran Gene Callahan, will join the company’s board of directors. Randall P. Muench will continue to serve as CEO.
The company has recently experience strong organic growth in the Northeast, Southeast, Midwest, and the California market. It is preparing to open four new markets during the first quarter of 2022.
The acquisition is Huron’s sixth platform investment in 2021, which is a record year of activity for the 22-year-old firm.