While we’re eager to welcome the start 2022, we at Linx Partners, an Atlanta-based private equity firm, are thrilled to share several exciting developments from the fourth quarter of 2021:
- Reconstruction Experts sale to John Lyng Group closes
- L4 invested in a new telecom platform: Clear Rate Communications
- Transglobal completes its first add-on acquisition
- We’ve expanded the investment team with a new senior associate, Luke Fisher
Reconstruction Experts Sold to John Lyng Group
In December, the sale of Reconstruction Experts (“RE”) to Johns Lyng Group (ASX: JLG), a property restoration specialist headquartered in Melbourne, Australia, closed. RE provides specialized property repair services to homeowner associations, multi-family property managers, and commercial property owners. The company, operating out of four states nationwide, typically repairs occupied buildings after damage occurs, usually following weather events or stemming from construction defects. In 2013, Linx partnered with the management team of Reconstruction Experts to acquire a majority interest in the Company from its original founder. During Linx’s partnership with the company, Reconstruction Experts’ enterprise value increased more than five-fold due to organic and acquisition-led service offering and geographic expansion, higher profitability, and a focus on building a top-tier management team and culture. Linx is proud of our work together with the RE team and wish them all the success as they continue as part of the JLG family.
New Telecom Platform: Clear Rate Communications
At the end of September, L4, LLC (“L4”), an affiliate of Linx Partners, acquired Clear Rate Communications (“Clear Rate” or the “Company”), representing Linx’s second platform investment in the telecommunications industry. Clear Rate, headquartered in Troy, Michigan, provides businesses and consumers with full-service telecommunications solutions, ranging from access to its own network of fiber lines to software-based communication products. Over the last twenty years, the Company has developed a reputation for reliable service while continuing to develop advanced solutions in the ever-evolving telecom industry. Currently, Clear Rate provides service to 800 enterprise customers and 23,000 consumers, and the Company has constructed over 120 route miles of fiber lines in Michigan. In the fourth quarter, L4 and Clear Rate were excited to announce the addition of CEO, Steve Oyer and Chairman of the Board, Pat O’Leary, to the team. Both gentlemen bring deep local experience in the space, and we remain excited to have them on Board as Clear Rate enters this next phase of growth.
Transglobal Consummates its First Add-on Acquisition
Transglobal Services, LLC (“Transglobal” or “TGS”) is pleased to announce the acquisition of Gullett & Associates, Inc. (“Gullett” or “G&A”), an infrastructure services provider, headquartered in Houston, Texas. G&A offers turnkey solutions that cover the entire asset life cycle from initial development to ongoing maintenance and compliance. Since 1972, Gullett has established a sterling reputation for quality and its ability to undertake the most complex developments throughout the Gulf Coast region. This acquisition expands the service offering and geographic reach for TGS, as well as adds tremendous, experienced talent to the TGS team. The combined business is well-positioned to serve customers across Texas from gathering lines for oil companies to transmission projects for electric utilities.
Expanded Investment Team with a New Senior Associate
Linx Partners has hired Luke Fisher as a new senior associate. Luke will be responsible for helping evaluate new investment opportunities and assisting portfolio companies with strategic initiatives. Before joining Linx, Mr. Fisher was a senior associate with Osceola Capital. Earlier, he was an analyst at financial services firm Bright Equities. Mr. Fisher earned his undergraduate degree in Economics from Southern Methodist University. Please join us in welcoming Luke to the Linx team!