05 Apr Full Circle Fiber Invests in Reel Telecommunications
Reel Telecommunications Builds upon Successful Track Record with Investment from Full Circle Fiber
DEERFIELD BEACH, Fla.–(BUSINESS WIRE)–Reel Telecommunications (“Reel” or the “Company”), a communications construction services firm, announced that it has been acquired by Full Circle Fiber Partners (“Full Circle”), an affiliate of Mill Point Capital. Reel will continue to operate independently under its new name, Reel Broadband LLC.
Reel is a fast-growing business that will continue to expand its leadership in telecommunications infrastructure services within the Full Circle Fiber platform. The Reel team includes tenured, industry-experienced management with a proven track record of providing quality service under demanding timeframes. Since the Company’s founding in 2001, Reel has specialized in a wide variety of services, including project management, fiber optic replacement & splicing, aerial & underground construction and engineering & design. The Company is headquartered in Deerfield Beach, Florida, with additional offices in Texas, Alabama, North Carolina, South Carolina, Indiana, Virginia, West Virginia, Florida, Georgia and the Bahamas.
Mill Point is a middle-market private equity firm focused on control investments in North America. Mill Point employs an Executive Partner model and has extensive experience investing in transactions in the communications and business services sectors. The board of Full Circle includes communications industry veterans such as Wayne H. Davis. Reel marks Full Circle’s fourth acquisition in the communications services space, following investments in Knight Broadband, Noble Broadband and MTC Consulting in 2020.
Under the ownership of Full Circle, Reel will continue to build upon its strong track record of performance and reliable customer service, while executing on the variety of opportunities in front of the Company today. The combination of Reel’s expertise in the telecommunications sector, with Full Circle’s existing presence in the cable space, immediately enhances the platform’s value proposition while expanding customer relationships and geographical reach.
Les Smith, Chairman of Reel, commented, “We are thrilled to be joining the Full Circle family, and are excited about their commitment to our growth going forward. I am extremely proud of the extraordinary track record our team has built over the years, and look forward to the next chapter for Reel.”
“Under the leadership of Les Smith and Wes Parsons, Reel has established a proven history of dependable execution for its customers. We look forward to partnering with the entire Reel team to support the extensive growth opportunities in front of the Company as well as the broader Full Circle platform,” said Michael Duran, Founder and Managing Partner of Mill Point.
Headquartered in Deerfield Beach, FL, Reel specializes in a wide variety of telecommunications construction services, including project management, fiber optic replacement & splicing, aerial & underground construction and engineering & design. Reel has an outstanding reputation in the North American communications industry for new build, rebuild, upgrades, telephone construction and storm restoration projects. Reel is a pioneer in the field, at the forefront of technology and innovation. For more information, please visit www.reeltel.com.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the industrial, IT services and business services sectors. The firm works with executive partners to leverage its investment professionals’ experience while providing strategic and operational guidance to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.
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