Soterra Capital Announces Acquisition of SPS of Central Kentucky
LOUISVILLE, December 1, 2022 – Single Point Communications Group (SPCG), a leading, nationwide resource for communications technology services, announced today that it has acquired Single Point Solutions of Central Kentucky (SPS of Central KY), a sister company of SPCG based in Lexington, Kentucky, as part of its strategic growth initiative. Soterra Capital sponsored the acquisition and serves as an advisor to SPCG.
Rob Keelen founded SPS of Central KY in 2004 and brings with him almost 3 decades of experience in the IT and telecommunication industries. Rob and his team prides themselves in identifying business goals, designing solutions, negotiating with service providers, managing solutions implementations, and providing ongoing client support. Since founding the business, Rob’s focus has always been about taking care of his clients through robust account management and ongoing solution development and enhancement. That is expected to continue and increase now as a combined entity.
“Our support remains for the life of the engagement, and our customers stay with us for years,” said Rob. Their long-term relational and technical support aligns well with the SPCG brand and culture. “This acquisition has been built on a solid foundation of trust that we’ve developed over the years. We are better together than separate, and we’re thrilled to finally join forces,” said Nic Jones, SPCG President. Mr. Keelen will lead the transition of SPS of Central KY team into SPCG’s operations and leverage other resources within the parent company.
Rob noted, “As a longtime partner and comparable company, SPCG is an ideal home for our organization and this transaction makes us a more cohesive, competitive, and technically savvy team. The structure of this deal and the culture at the Company made perfect sense for me and my family, and I am excited to see what our combined team will accomplish in the future.
About Soterra Capital
Soterra Capital is a private investment firm with offices in Austin, Texas and Louisville, Kentucky and is backed by several family office around the country. The firm invests in lower middle market, private companies with capable management teams, fundamentally strong operations and a commitment to excellence, integrity, family and faith. The managing partners are Mark Franco and Jeremy Carter.
SinglePoint Solutions was founded in 1999 and is headquartered in Louisville, Kentucky. It operates as a technology solutions consultant that serves small to medium sized businesses. The company offers comprehensive technology audits and sells a broad array of communications, connectivity, security and data services, custom architected to meet customer’s needs and deliver substantial cost savings.
Nic Jones, President, Nic@sptsolutions.com
Jeremy Carter, Managing Partner, firstname.lastname@example.org
Phillip Cupp, Associate, email@example.com
SOURCE – Soterra Capital, LLC