LOS ANGELES, CA (September 15, 2016) – St. Cloud Capital is pleased to announce a growth capital investment in Santa Barbara, CA-based Blue Casa Telephone. It is an investment out of St. Cloud’s third fund, which has committed capital of $250 million.
Blue Casa is a residential and business telephone service provider, principally offering telephone, broadband and wireless services to bilingual communities in Southern California. St. Cloud’s investment will be used to acquire the network assets from another Southern California telecommunications company as well as provide capital for future acquisitions.
“Acquiring these facilities allows Blue Casa to operate more profitably, while also expanding the Company’s core product line and customer base” said Jeremy May, a Principal at St. Cloud Capital.
“This transaction is a big step in positioning the Company to succeed in an evolving industry and we are excited by the capital and strategic partnership provided by St. Cloud.” said Jeff Compton, Chief Executive Officer of Blue Casa.
Ben Hom, a St. Cloud Capital Managing Partner added “We are very impressed with management’s experience and track record of generating results in an industry undergoing significant change. We look forward to working with Jeff and his team to maximize value during our partnership.”
For more information about Blue Casa Telephone, please visit http://www.bluecasa.com
About St. Cloud Capital
St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common equity. St. Cloud’s investment discipline includes non-control and control investments, and involves partnering with strong management teams or experienced industry entrepreneurs. For more information about St. Cloud Capital, please visit https://www.stcloudcapital.com