Venture Capital News | Private Equity News | Point Broadband Announces Significant Investment from Berkshire Partners
Summary
Founded in 2017 and headquartered in Opelika, Alabama, Point Broadband today serves approximately 75,000 customers and growing, primarily in rural areas and small city communities in nine states. Together with our continued partnership with GTCR, this investment will accelerate the deployment of our all-fiber Gigabit broadband solutions to a wider array of residential and business customers in rural communities. We believe that access to reliable high speed broadband is a fundamental underpinning of economic opportunity, said Beth Hoffman and Drew Walker, Managing Directors at Berkshire Partners. We are thrilled to be partnering with Todd and his team, alongside GTCR, as Point Broadband expands its fiber-based internet access and exceptional customer service to many more underserved communities across the U.S. Point Broadband has achieved impressive growth since we first partnered with the team in early 2021, and it continues to deliver excellent local service to its customers, said Stephen Jeschke, Managing Director at GTCR. Focused on the communities it serves and providing best-in-class customer care, Point Broadband currently operates in nine states across the U.S. and continues to expand its network with a vision of improving lives through fiber technology.