Huron Capital’s Infrastructure Services Platform TriStruX Acquires Hess Broadband
Summary
Based in Clifton, New Jersey, TriStruX was formed by the 2020 merger of Telcom Engineering Group, Leone Electric Corporation, and High Point Utilities. “We partnered with Huron due in large part to its buy-and-build expertise to help us identify, evaluate, acquire and integrate businesses like Hess in order to build a scaled, nationwide telecom infrastructure services platform.” TriStruX provides a range of installation, upgrade, and maintenance services including macro cell towers and 5G wireless construction, underground and overhead fiber construction, and hardware decommissioning to the leading US-based telecommunications and cable companies. The Company has experienced strong organic growth expanding its business in the Northeast, California, Southeast and Midwest markets, and continues to identify new regions for expansion. Hess, a fiber optic splicing and specialty construction services provider, is based in Warwick, Pennsylvania, and primarily serves customers in that state, Delaware, and New Jersey. 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.