GridSource Expands Reach with B. Robinson Acquisition
Deal News | Feb 15, 2025 | Hastings Equity Partners LLC
Hastings Equity Partners LLC, a well-regarded capital partner for lower middle-market businesses, has announced a strategic expansion through its portfolio company GridSource. GridSource has acquired B. Robinson, a Texas-based construction provider specializing in fiber optics. This acquisition is intended to bolster GridSource's service offerings and broaden its geographic footprint. The move aligns with Hastings Equity Partners' strategy to support the growth and operational enhancement of its portfolio companies by enabling them to expand their market reach and enhance their technical capabilities.
Sectors
- Telecommunications
- Private Equity
- Construction
Geography
- United States – Both GridSource and B. Robinson operate within the United States, specifically noting B. Robinson's base in Texas.
- Texas – B. Robinson is headquartered in Texas, making it a significant geographic focus of the acquisition.
Industry
- Telecommunications – The acquisition involves fiber optic services, which are integral to the telecommunications industry.
- Private Equity – Hastings Equity Partners, a private equity firm, is facilitating the acquisition through its portfolio company, highlighting the role of private equity in strategic corporate growth.
- Construction – B. Robinson operates as a fiber optic construction provider, falling under the construction industry classification.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hastings Equity Partners LLC | Private Equity Firm | Company | A capital partner specializing in lower middle-market businesses. |
| GridSource | Acquirer | Company | A portfolio company of Hastings Equity Partners, expanding its service offerings and geographic reach through acquisitions. |
| B. Robinson | Target | Company | A Texas-based provider specializing in fiber optic construction. |