Genesis Park, through its investment fund, GP Capital Partners, LP, is pleased to announce its recent investment in Helient Technologies, LLC (“Helient” or the “Company”), a leader in cloud and hybrid technology solutions. Helient reflects the recent combination of Princeton Technologies, a leading provider of network services and communications solutions for automotive, healthcare, and local governments and Helient Systems, a premier IT services company and Microsoft Solutions Partner specializing in cloud adoption for the legal and other security conscious industries.
Genesis Park provided a term debt facility as part of the transaction. The combined Company has created a strategic platform for Helient to drive growth, an expanded portfolio, and exceptional value for its customers. “We’re proud to support the formation of Helient Technologies and provide an additional capital commitment to support future growth and acquisition initiatives,” said Curtis Hartman, Managing Partner at Genesis Park. “This strategic combination represents the forward-thinking leadership and market opportunity in which we seek to invest. By aligning two highly respected organizations, Helient Technologies is uniquely positioned to deliver transformative value to customers across critical sectors.”
Under the leadership of Brad Bono, Chairman and CEO, the establishment of Helient marks a significant milestone for both parties. “After a decade of collaboration and mutual respect, joining forces with Helient Systems is a natural next step”, said Brad Bono, a serial entrepreneur and co-founder of telecommunications giant PAETEC Communications. Steve Hatch, founder of Helient Systems, commented, “Through this merger, we are unlocking new synergies that will drive innovation at a faster pace than ever before. By leveraging our collective strengths, we can deliver solutions that enhance customer experience and expand our footprint in technology and telecommunications in ways we never could have achieved alone.”
The new entity will continue operating under the Helient brand. Existing Helient leadership, Jamie Engelhard, Will Fulmer and Steve Hatch, will remain as officers and shareholders of the Company. The team and senior executives will retain their positions, with Wade Goldt as COO and Chris Hines as CRO. Both companies have longstanding relationships with major technology partners such as Microsoft and Cisco. Helient Technologies will also continue to grow their partner and channel networks.
For more information, visit www.helient.com/.
About Genesis Park
Genesis Park is a 25-year-old Houston-based private investment platform operating both debt and equity strategies over time. The firm is currently investing out of two Small Business Investment Companies (“SBIC”) with $575 million in capital commitments, providing flexible debt and equity capital solutions to privately held companies. Genesis Park supports emerging teams, established enterprises, family/founder-owned businesses, and private equity sponsor-backed companies across diversified industries. The firm generally invests in companies with at least $10 million of revenue and $3-15 million of EBITDA, with proven business models and experienced management teams. Founded and managed by three, well-seasoned investment professionals, Genesis Park is committed to partnering with the companies and management teams in which it invests to facilitate growth, transition, and success. For more information, visit www.genesis-park.com
