December 16, 2011
MSouth Closes the Acquisition of Education Networks of America
Atlanta, GA (December 16, 2011) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with management, MSouth completed the acquisition of Education Networks of America.
Education Networks of America is based in Nashville, TN and provides value-added managed network services to schools and libraries. The Company provides services to over 5,000 sites, which include approximately 580 school districts serving 3.1 million students, teachers and administrators as well as approximately 240 libraries serving 6.5 million patrons. ENA is nationally-recognized in the education and telecommunications industries as a leading managed network and communication services provider.
Mark Feidler, an MSouth Partner, said, "We are delighted with our investment in Education Networks of America. The Company is uniquely positioned to capitalize on increasing demand for technology infrastructure in schools due to its ability to design tailored solutions to meet the needs of students, teachers and administrators. We look forward to working with this outstanding management team."
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. With more than $700 million under management in two active funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.