TriStruX, a telecom infrastructure services company backed by Huron Capital, has purchased Hess Broadband, a fiber optic splicing and construction company.
Hess is based in Warwick, Pa. and primarily serves customers in Pennsylvania, Delaware and New Jersey. TriStruX has experienced organic growth expanding its business in the northeast, California, southeast and midwest markets, and continues to identify new regions for expansion. Hess founders Fran Hess and Dave Hess will remain with the company in an executive leadership role.
“We’re looking for founders and entrepreneurs who align with our vision and can help extend our business’ capabilities – and this is exactly what Hess will do for TriStruX’s service offerings,” comments Randall Muench, CEO of TriStruX. “We partnered with Huron due in large part to its buy-and-build expertise to help us identify, evaluate, acquire and integrate businesses like Hess in order to build a scaled, nationwide telecom infrastructure services platform.”
Delancey Street Partners and Focus Investment Banking served as financial advisors to Hess, and Honigman LLP served as legal advisor to Huron and TriStruX.