Current Investments

With an industry-leading combination of clients, facilities, solutions, and service, TierPoint helps companies that outsource selected IT systems get more from their investments – designing, building, and managing the most efficient and effective solutions for their cloud, disaster recovery, data security, and data center needs.

Founded in 2013, ATIS is an American-owned elevator inspection company with over 140 Qualified Elevator Inspectors (QEIs) serving all 50 states. ATIS combines objective assessments, unparalleled expertise, and innovative technology to advance the safety, compliance, and performance of elevators, escalators, moving walks and other conveyances. It’s what building owners and property managers deserve and regulators demand.

Atlas Digital Group (ADG) is a digital commerce company with a focus on the cable and fiber Internet industry. With its CORE platform, ADG provides cable and fiber operators the only purpose-built and fully managed digital commerce solution that quickly transforms an existing website into an efficient subscriber growth channel.

Built by car dealers for car dealers, BizzyCar makes it easy to manage recalls on used inventory and brings in additional revenue from sourcing open warranty recalls from the used inventory at other dealerships. With BizzyCar, dealers can boost profit in their service bays by finding high-value recalls, increase service department efficiency, and easily manage pick-ups and drop-offs with a service valet application.

Trusted by businesses in Georgia and throughout the South, Hulsey Environmental Services is known for exceptional service and excellence in all they do. The company offers a comprehensive package of solutions that include commercial plumbing; commercial and industrial waste management; commercial and industrial septic installation, pumping and maintenance; collection & processing of used cooking oil; wastewater collection & treatment; grease pumping, hauling and disposal; and more.

Swipesum combines industry knowledge, proprietary software technology, and dedicated customer service to create a payments solution that helps optimize card processing for businesses. With an extensive network of payments providers and financial institutions, Swipesum eliminates most credit card processing fees, helping each business find the best payments solution at the most favorable terms.

Historical Investments

In July 2021, Cequel III and Thompson Street Capital Partners sold StayLock Storage to SROA Capital, LLC. Between StayLock’s founding in 2016 and it sale, the investor group completed 22 acquisitions of self-storage operators in secondary and tertiary markets, enhancing operations and customer service through online reservations, rentals, and payments, backed by a national call center and digital marketing program. At the time of the sale, StayLock had a network of 79 storage facilities in eight states, offering more than 20,000 units, with over 2.8 million square feet of storage space and annualized revenue of approximately $20 million.

In July 2021, a Cequel III team of investors sold their interests in Encina Business Credit, as part of a recapitalization of the company through affiliated funds of Barings, a financial services firm, with participation from Encina management. In conjunction with the recapitalization, Encina changed its name to Eclipse Business Capital. During the time of the Cequel III team’s investment, Encina experienced a period of exceptional growth as an independent, asset-based lending platform for middle-market borrowers in the U.S. and Canada, offering them tailored lending solutions they could not find elsewhere.

In January 2017, ServiceNow acquired DxContinuum. Founded in 2012 out of Freemont, CA, DxContinuum applies data science, machine learning, and natural language processing software technologies to solve business predictability challenges. The patented platform automatically ingests, rationalizes, and analyzes data from various internal and external sources, fueling dynamic prediction models and prescriptive calls-to-action.

In December 2015, Altice Goup acquired Suddenlink for an enterprise value of $9.1 billion. At the time, Suddenlink was the seventh largest cable operator in the United States, supporting the information, communication and entertainment demands of approximately 1.5 million residential and commercial customers in Arkansas, Louisiana, North Carolina, Oklahoma, Texas, West Virginia, and elsewhere.

Excell Communications was one of the largest U.S. project firms serving the telecommunications industry in the Southeast and Midwest. Services included site acquisitions, engineering, environmental and regulatory compliance, general contracting, maintenance, construction, and more. In November 2012, Excell became a wholly owned subsidiary of Suddenlink Communications.

In June 2003, Cequel III partnered with the former Corvis Corporation to acquire Broadwing Communications and its nationwide all-optical network from Cincinnati Bell. Subsequently, Cequel III turned over management responsibilities to Broadwing’s executive team, while maintaining a relationship with the company for the provision of long-haul voice, video, and data services to Suddenlink. Broadwing was acquired by Level 3 Communications in 2007.

AAT Communications Corp. was a privately held tower operator for which Cequel III assumed management responsibilities in May 2002. Through a series of strategic acquisitions, new tower construction, and improved operating efficiencies, the Cequel III team dramatically expanded AAT’s portfolio of owned sites and free cash flow. In April 2006, on behalf of its investors, Cequel III sold AAT to SBA Corp. for approximately $1 billion.