Audax Private Equity announced yesterday that it has acquired a controlling interest in Centerline Communications LLC, a leading professional services organization focused on the design, build, and maintenance of wireless and wireline network infrastructure from Wincove Private Holdings, LP and Stone-Goff Partners. This transaction took place in August 2021 and terms of the transaction were not disclosed.
Josh Delman, Founder and CEO of Centerline, will continue to lead the company alongside the existing management team. Josh and Wincove will maintain minority ownership positions in the company alongside Audax.
Delman said: “We are thrilled to be partnering with Audax and look forward to benefiting from their deep industry expertise. We believe this partnership will help us to meet the growing demand within our customers to work with larger, self-performing service organizations that can provide turn-key solutions to critical infrastructure within their national networks. We are excited to have expanded our coverage through our recent acquisitions and to be diversifying our services within the platform to better support our customers.”
The investment is designed to support Centerline’s continued organic and acquisition growth as it pursues its mission to grow its national footprint and further expand its scope of services focused on the development and maintenance of critical network infrastructure.
Since Audax’ initial investment, Centerline has completed three acquisitions that have helped expand the company’s geographic coverage and range of service offerings: Maicom LLC, which closed in August 2021; P. Marshall & Associates, which closed in December 2021; and J5 Infrastructure Partners, which closed in December 2021.
Maicom is a critical infrastructure-focused services organization based in North Andover, MA. PM&A is an engineering, real estate, and construction management company based in Atlanta, GA. J5, based out of Irvine, CA, is a real-estate, construction management, and engineering firm supporting national wireless operators and several national and regional broadband providers throughout the western United States.
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