Stone-Goff Partners (“SGP”) today announced the acquisition of Mitchell Engineering (“Mitchell”) by SGP portfolio company JSI, a leading provider of specialty consulting and engineering services to rural broadband telecommunications operators nationwide.
Mitchell has provided outside plant engineering and design services to telecommunication clients in Arkansas, Oklahoma, and Eastern Texas for more than three decades, completing hundreds of fiber-to-the-premises (FTTP) projects. The company is headquartered in Wills Point, Texas, and is led by Brian Whitaker, P.E.
The announcement highlights the latest in a series of strategic acquisitions by JSI in recent years, designed to further enhance the company's ability to deliver end-to-end comprehensive broadband services and solutions to communications providers across the continental United States, Alaska, Hawaii, and key US territories. The transaction enables JSI to continue expanding its outside plant (OSP) capabilities and facilitate broadband infrastructure for Mitchell's client base, many of whom have also used JSI's regulatory, financial, and compliance services.
“It is with great pleasure that we welcome Mitchell Engineering to our growing JSI family. By adding their expert team to our ranks, we not only gain their decades of industry experience and insight, but further strengthen JSI’s premier outside plant engineering capabilities, which in turn, support the continued growth and success of our clients throughout the United States,” JSI CEO Tasos Tsolakis commented. “We are exceptionally pleased to be able to join forces with such a high-caliber team as Mitchell Engineering during this unprecedented period of growth for our company, for our clients, and for our industry at large.”
Following the acquisition, Brian Whitaker will continue to lead the Wills Point-based team, joining and expanding JSI's Fiber Network Design & Engineering division.
About Stone-Goff Partners
Stone-Goff Partners is a private equity firm that invests in lower middle market Technology-Driven Service businesses – service businesses that are enhanced by technology. The companies that Stone-Goff invests in combine service offerings with technology and focus on attractive, defined end-markets. Core verticals include business services, consulting services, marketing services, IT services, human capital and training, outsourced services and consumer services. Stone-Goff invests in founder-owned businesses and corporate carve-outs. Stone-Goff was founded in 2010 by Hannah Stone Craven and Laurens Goff. Stone-Goff leverages the extensive investment, operational, and sector-specific experience of its partners to drive value creation within its portfolio companies.
JSI is a full-service consulting firm, providing engineering, outside plant, inside plant, regulatory, and a suite of managed services technology products to rural broadband communications providers. JSI has customer relationships with more than 600 telecommunications operators across 46 states and several US territories. Headquartered in Greenbelt, MD, JSI also has offices in AK, GA, HI, IL, LA, MI, MN, NC, TX, UT, and WI.