BOSTON, MA – Stone Goff Partners (SGP), a leading private equity firm specializing in technology-driven service businesses, has announced a significant continuation of its investment in John Staurulakis, LLC (JSI), a premier nationwide provider of consulting and engineering services for rural broadband telecommunications operators. This strategic move underscores Stone Goff Partners’ strong belief in JSI’s market leadership and the burgeoning growth of the broadband sector.
Stone Goff Partners, known for its targeted investments in business service companies, initially partnered with JSI to support its mission-critical services to over 600 rural broadband operators. JSI’s unique service offerings, ranging from regulatory compliance to advanced fiber engineering, have positioned it as an indispensable partner for operators navigating the complexities of today’s rapidly evolving telecommunications landscape.
The latest investment is channeled through Stone Goff Partners II CF, LP, a newly formed continuation fund. This innovative financial structure allowed Stone Goff Partners to increase its stake in JSI, demonstrating a long-term commitment to the company’s vision and growth trajectory. Pantheon, a globally recognized private markets investor with decades of experience, spearheaded the investment in the Continuation Fund. They were joined by abrdn Private Equity, alongside reinvestments from Stone-Goff’s existing Limited Partners and General Partners, highlighting broad investor confidence in JSI and Stone Goff Partners’ strategy.
JSI’s platform has experienced exponential growth, nearly tripling in size over the last three years. This expansion reflects the critical role JSI plays in assisting clients to deploy robust, high-speed fiber networks. These networks are essential infrastructure, supporting the increasing demands of remote work, online education, telehealth services, and a host of other connected applications that are now integral to modern life.
Laurens Goff, Co-founder and Managing Partner at Stone Goff Partners, expressed enthusiasm about the continued partnership. “We are proud to have been JSI’s first institutional equity partner,” Goff stated. “JSI’s impressive growth is a testament to its strong customer relationships and the leadership of CEO Tasos Tsolakis. Stone Goff Partners is excited to support Tasos and his team as they continue to drive innovation and expansion within the broadband telecommunications industry.” This statement emphasizes Stone Goff Partners’ dedication to fostering growth and providing strategic guidance to its portfolio companies.
Tasos Tsolakis, CEO of JSI, also voiced his optimism about the ongoing collaboration. “We are delighted to continue our relationship with Stone Goff Partners,” Tsolakis remarked. “Their proven expertise in supporting growth-oriented companies will be invaluable as we embark on our next phase of development. This new capital infusion will empower us to pursue strategic acquisitions and accelerate our organic growth plans, enabling us to enhance our service offerings and deliver even greater value to our clients.”
This secondary transaction further solidifies Stone Goff Partners’ position as a key investor in the technology-driven services sector, and particularly within the rapidly expanding broadband market. The firm’s strategic approach focuses on partnering with companies like JSI that offer essential services and demonstrate strong growth potential within well-defined markets. Stone Goff Partners’ investment in JSI exemplifies their commitment to supporting companies that are not only driving technological advancement but also playing a crucial role in connecting communities and fostering economic development through enhanced digital infrastructure.
About Stone Goff Partners
Stone Goff Partners is a private equity firm with a focus on investing in lower middle market Technology-Driven Service businesses. The firm seeks to partner with companies that combine service excellence with technological innovation, targeting attractive end-markets within business services, consulting, marketing, IT, human capital, outsourced, and consumer services sectors. Founded in 2010 by Hannah Stone Craven and Laurens Goff, Stone Goff leverages its partners’ deep operational and investment experience to create significant value within its portfolio companies. For more information, please visit stonegoff.com.
About JSI
JSI is a leading consulting firm providing comprehensive services to rural broadband communications providers. JSI’s expertise encompasses engineering, regulatory compliance, financial advisory, and managed services, delivered through a suite of technology-driven products. With relationships spanning over 600 telecommunications operators across 46 states, JSI is dedicated to enabling its clients to thrive in the evolving broadband landscape. Headquartered in Greenbelt, MD, JSI operates across multiple locations including MN, TX, GA, and UT. More information can be found at jsitel.com.
About Pantheon
Pantheon is a leading global private markets specialist, managing investments for over 900 investors worldwide, including public and private pension plans, insurance companies, and endowments. With a broad presence across private market asset classes and geographies, Pantheon offers a range of investment solutions, from flagship funds to customized programs. As of March 31, 2021, Pantheon oversaw $87.8 billion in assets under management and advice, with a global team of over 400 professionals. For additional details, please visit Pantheon.com.
