TriStruX, a leading provider of telecom infrastructure services to wireless carriers, cable companies and OEMs, has been acquired by leading middle-market private equity firm, Huron Capital.
TriStruX is the result of the 2020 merger of Telcom Engineering Group ("TEG"), Leone Electric Corporation ("LEC") and High Point Utilities ("HPU"). The founders of the companies, Francisco Pena, Nicholas J. Leone, Craig Langenbach and Scott Palmenberg, will remain with the company in key management roles and maintain minority equity stakes in the merged company.
TriStruX is a national provider of telecommunications infrastructure services for macro cell towers and 5G wireless, underground and overhead fiber, and power and electrical services installation and maintenance services. The company's key clients include the largest leading US telecommunications and cable companies. Since the 2020 combination, the company has significantly expanded its business in the Northeast, California, Southeast and Midwest markets, grown company revenue significantly in 2021 over 2020 and prepared to open 4 new markets in 1Q 2022.
Huron's investment will help us grow to be one of the strongest Telecom services providers in the market. I am so proud of the quality company we have built, but we are stronger and more nimble with Huron's backing"
Nicholas J. Leone, Vice Chairman and Chief Operating Officer