SEATTLE & ORANGE, Calif.--(BUSINESS WIRE)--Ranch Creek Partners, LLC today announced it has made an equity investment in Orange, CA-based InSite Telecom LLC, a provider of specialized construction, installation and maintenance services to the wireless and wireline telecommunications industry. Additionally, True West Capital Partners provided both debt and equity capital for the transaction. The investment enables InSite to continue to provide exceptional service to customers while driving growth in the company’s Southern California market and beyond. InSite will be led by Co-Founder and President, John Reider, along with the addition of CEO, Tom Prestwood and CFO, Jac Charles.
"We are excited to partner with John and the outstanding team at InSite," said J.D. Kritser, founder and managing partner of Ranch Creek and Chairman of the Board of InSite. "This investment provides the capital to grow the business, both by expanding InSite’s service offering and geographic reach."
Founded in 2003 by Reider and Mike Croix with a focus on safety, quality and the timely completion of customer projects, InSite has grown to become a trusted partner to the telecom industry in Southern California. The company’s current service offerings include antenna & line modifications, fiber installation and testing, backhaul microwave systems installation, macro and small cell construction, and site audits/surveys.
“For nearly 20 years, InSite has been providing customers with high quality service at a reasonable price, while maintaining a safe working environment where our employees can thrive,” said Reider. “This partnership will be great for our customers, who can expect the same great service within our core offerings and markets, and now our ability to expand to meet the ever-increasing workload demands brought on by 5G deployments and other technology advancements.”
Tom Prestwood, InSite’s new CEO, has more than 25 years of successful, industry-leading experience in both the wireless services and fiber industries. He is a proven executive with extensive experience acquiring and successfully growing telecom businesses.
“With 5G deployment in the U.S. still in a nascent stage, the opportunity to help our customers upgrade and expand their networks has never been greater,” said Prestwood. “I’m very excited to join InSite, with its great team and outstanding reputation for service. I look forward to helping InSite deliver for our customers and expand our reach and capabilities during the industry’s next evolution.”
About Ranch Creek Partners
Ranch Creek Partners is a private equity firm based in the Pacific Northwest that is principally focused on acquiring control equity positions in the middle market. Founded in 2015, Ranch Creek takes a long-term approach to value creation and seeks superior financial results by partnering with founders, world class managers and industry leaders to grow portfolio companies over time, whether organically, through acquisitions or a combination of both. www.ranchcreekllc.com.
About True West Capital Partners
True West Capital Partners is a West Coast-based investment firm that provides flexible and creative growth capital to middle-market companies in the Western U.S. True West Capital Partners typically makes investments from $5 to $25 million in businesses with proven management teams, strong barriers to entry, sustainable competitive advantages, and high free cash flows. www.truewestcp.com.
About InSite Telecom
InSite Telecom is a leading provider of specialized construction, installation and maintenance services to the wireless and wireline telecommunications industry. Based in Orange, CA, the company serves major carriers, turf vendors, utilities, municipalities and other customers throughout Southern California. www.insitetelecom.com