GPB Capital Expands IT Services Portfolio with Investment in WiFi Market Leader Deep Blue Communications
Contact: Brian Epstein | President & CEO | 518-389-2711| [email protected]
GPB Capital Expands IT Services Portfolio with Investment in WiFi Market Leader Deep Blue Communications
Latham, NY (December 2, 2016) -Deep Blue Communications, LLC, an international WiFi installation and support company headquartered in Latham, NY, announced today that GPB Capital Holdings, LLC, a New York based private equity and asset management firm, has made an investment in the company.
Deep Blue Communications, a leader in engineering, installing and supporting WiFi networks across North America, focuses on the hospitality, retail, enterprise and venue verticals. As a certified partner for such companies as Wyndham Worldwide, Marriott International, Hyatt Hotels, Cedar Fair, Merlin Entertainments, Planet Fitness, and many more, Deep Blue currently supports over 1,500 WiFi locations. The company will continue to be led by Brian Epstein, CEO, Ryan Donnelly, COO, and Darlene Farron, CFO and will partner with GPB to further accelerate its growth through strategic acquisitions.
“With the convergence of technology and the explosion of the Internet of Things, we are in the early stages of an exponential expansion in the need for WiFi infrastructure and services in diverse markets,” said Epstein. “We are excited to be working with an exceptional partner like GPB, a company with the proven expertise, commitment to people and collaborative approach we were looking for as we expand to meet the changing needs of our long-standing, valued customers.”
As part of the investment, David Gentile, Founder and CEO of GPB and Mike Frost, Managing Partner for Managed IT Services at GPB, will join the Board of Directors of Deep Blue Communications. GPB provides their portfolio company operators with the strategic planning, managerial insight and capital needed to enable them to achieve a new level of growth and profitability.
“Technology providers like Deep Blue Communications are pioneering scalable WiFi infrastructure and services that will supply their customers well into the future,” said Mike Frost, Managing Partner for Managed IT Services at GPB Capital. “They have a proven track record of innovative technology that helps leading brands effectively engage with their customers, while maximizing security and efficiency. Deep Blue Communications' thoughtful commitment to customers and employees demonstrates the qualities of companies we select to invest with. We are pleased to join their team and support their plans for continued growth.”
About Deep Blue Communications Headquartered in Latham, NY and with satellite offices around the United States, Deep Blue has been an industry leader for more than 13 years, designing, installing and managing WiFi networks. Deep Blue has made the INC 5000 list of the fastest growing companies the last five years running and has emerged as the leader in meeting the needs of the converged property, integrating hospitality, enterprise, retail, and entertainment services. With a Passion for WiFi, Deep Blue is helping businesses all across the United States, Canada, Mexico and the Caribbean, to elevate the WiFi experience for guests, while increasing operating efficiencies for business. For more information visit www.deepbluecommunications.com.
About GPB Capital Holdings, LLC GPB Capital Holdings, LLC (“GPB”) is a New York-based global asset management firm with a focus on income-producing private equity and real estate. GPB provides their portfolio company operators with the strategic planning, managerial insight and capital needed to enable strong businesses to achieve a new level of growth and profitability. GPB-sponsored entities have over $800M in assets to date and have acquired interests in 88 portfolio companies with revenues totaling more than $3.8B. GPB Capital Holdings, LLC is a SEC Registered Investment Advisor.
For more information on GPB, visit GPB-Cap.com.
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