Audax Private Equity has made an investment in Centerline Communications LLC, a professional services organization. As a result of the investment, Stone-Goff Partners will exit its investment in the firm following its initial investment in Centerline in 2017.

Centerline is a professional services organization concentrating on the design, build and maintenance of wireless and wireline network infrastructure. The firm provides its services through its three divisions: wireless services, technical infrastructure solutions and facilities management.

“We appreciated the partnership with Stone-Goff as we scaled rapidly in the telecommunications vertical,” added Josh Delman, founder and CEO of Centerline. “Their support was instrumental as we evolved into a national organization serving some of the largest network providers in the world.”

Keybanc acted as an advisor to Centerline in the transaction with Audax.