WEST CHICAGO, IL--(Marketwired - Oct 15, 2015) - National Technologies ("NTI"), headquartered in West Chicago, Illinois, announced today that O2 Investment Partners (www.o2investment.com) has made a significant investment in the business, partnering with founder and CEO Brian James and his management team to continue to grow the business.
Terms of the deal were not disclosed.
Founded in 2009, National Technologies is a best‐in‐class provider of specialized fiber optic technical services. Headquartered in West Chicago with an additional office in the Washington DC metro area, NTI provides fiber optic splicing, testing, connectivity and data center build‐outs to some of the world's highest volume users of data transmission and storage.
Brian James, founder and CEO of NTI, commented, "I wanted to find a partner who would support my vision for this business and help me bring it to a national level, with a national footprint. The goal is to be able to service our customers 24/7 anywhere in the country. O2 understood this from day one and began working with me to put steps in place to accomplish this, even before we closed the deal."
Luke Plumpton, Vice President of O2 Investment Partners, added, "We have great confidence in Brian James and his team and we're looking forward to supporting his vision and bringing NTI's capabilities to every major fiber optic market in the country."
Mr. Plumpton added, "We thank our financial partners, Brightwood Capital, The Private Bank and Alcentra Capital for their confidence and participation in this investment. We also acknowledge CFA Chicago for introducing us to Brian James and his team at NTI."
About O2 Investment Partners: O2 Investment Partners is a Midwestern based (Bloomfield Hills, MI) private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About National Technologies ("NTI"): NTI is a high‐end, value‐added service provider of fiber optic and data solutions needed to keep customers connected and competitive. NTI offers unmatched expertise using state-of-the-art equipment to focus on large-scale, niche-market fiber optic technical services including splicing, testing, connectivity and data center build-outs for some of the world's highest volume users of data transmission and storage. NTI was founded in 2009 by Brian James and is headquartered in West Chicago, Illinois. Additional information is available at www.o2investment.com; www.ntifiber.com; www.national-technologies.com
Contact Information:
CONTACT:
Ron Hingst
PR Services, Inc.
(734‐662‐5544)
OR
Luke Plumpton
O2 Investment Partners
(248‐554‐4215)