Grain Management Acquires Controlling Stake in Fiber Optic WANs Provider
(Lenexa, Kansas) – WANRack, LLC announced today that Grain Management, LLC, a leading private equity firm focused on investments in the communications sector, has acquired a controlling interest in the company. The capital from this investment will enable WANRack to advance its explosive growth in the private fiber Wide-Area Network (WAN) market. “We are thrilled to be partnering with Grain Management to take our company to the next level,” said Rob Oyler, WANRack CEO. “The additional capital and sector expertise that Grain Management brings to this partnership will accelerate our expansion into larger markets and additional lines of business.” WANRack builds private fiber networks from scratch, utilizing the company’s extensive experience in construction management, engineering, permitting, right-of-way expertise, and the federal E-Rate program. A WANRack network offers superior bandwidth, scalability, and security as compared to traditional cable or telephone company offerings. “We are excited to partner with WANRack and have
RLJ Acquires Stake in New England-Based Foodservice Distributor
BETHESDA, Md., Jan. 24, 2017 /PRNewswire/ — RLJ Equity Partners LLC (“RLJ”), an affiliate of the RLJ Companies, and SJ Partners, LLC (“SJP”), through its affiliate SJ Capital Partners VI LLC, has acquired majority control of Native Maine Produce and Specialty Foods, LLC (“Native Maine”), Maine’s largest fresh foodservice distributor. “We are thrilled to welcome SJ Partners and RLJ to the Native Maine family. We have had a multi- year relationship with SJP and believe their industry knowledge and previous growth by acquisition success are a great fit. We’re also excited to partner with the exceptional leaders at RLJ,” said Joe Pizzo, the shareholder who will continue running the operation. “We think Joe and his team have built a solid franchise and look forward to partnering together. Native Maine has an impressive roster of over 1,000 clients with many relationships that date over 10 years, who value its high level
GenNx360 Capital Partners (GenNx360), a New York-based private equity firm announced today the promotion of Matthew Guenther, a partner on the firm’s investment team, to the position of Managing Partner effective February 1, 2016, further strengthening the firm’s senior team. “Matt’s promotion reflects our commitment to excellence and rewarding superior performance coupled with our desire to grow talented and successful individuals from within our organization,” said Lloyd Trotter, Founding and Managing Partner at GenNx360. “Matt has played an important role in GenNx360’s success to date and will be a key figure in the future of the firm. He embodies the intellectual vigor, diverse capabilities and strong work ethic that we have across our investment team,” Lloyd added. “I greatly look forward to supporting GenNx360’s continued expansion as Managing Partner at the firm,” said Matt Guenther. Matt has been a key figure in GenNx360’s success since joining the firm in 2007.