Soterra Capital Announces Acquisition of Sky Technology Partners
LOUISVILLE, November 1, 2021 – SinglePoint Solutions, a leading, nationwide resource for communications technology services, announced today that it has acquired Sky Technology Partners, a prominent telecom and communications solutions firm based in Wayne, New Jersey, as part of its strategic growth initiative. Soterra Capital sponsored the acquisition and serves as an advisor to SinglePoint.
Robert Betz founded Sky in 2010 and brings with him more than 20 years of experience within the IT and telecommunication industries. Ever mindful of the customer’s best interest, Robert and his team serve as an independent, vendor-agnostic advisor in selecting, provisioning, and managing IT services that satisfy current and future business needs. They provide a wide range of communications technology solutions and project management services. Their customer-centric and long-term relational focus aligns well with SinglePoint’s culture. This acquisition will enable both companies to enter new markets and provide a broader range of cutting-edge solutions to their respective customers. “We are thrilled to have Sky Technology Partners join SinglePoint. We are an aligned, focused, and driven team and this is a pivotal stage in expanding our network and presence in the market,” said Nic Jones, SinglePoint President. Mr. Betz will continue to lead the Sky Technologies team and leverage other resources within SinglePoint.
Given their history and track record, Sky was approached by a number of companies for acquisition prior to discussions with SinglePoint. Mr. Betz saw SinglePoint’s approach as unique because of its focus on long term value creation and commitment to invest in their people and infrastructure, as well as key growth initiatives throughout the company. “We talked with a lot of people, but Single Point is positioned to be the best long- term home for our organization. Their growth and investment strategies are some of the best we’ve seen, and collectively, we believe this partnership will make the whole much bigger than the sum of its parts.”
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