May 06, 2016
MSouth Announces the Successful Exit of Education Networks of America, Inc.
Atlanta, GA (May 6, 2016) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the sale of Education Networks of America, Inc., a provider of data and communication services to school and libraries, to Zelnick Media Capital. ENA, based in Nashville, is a leading provider of managed Infrastructure as a Service solutions to K–12 schools and libraries. ENA created one of the first statewide K–12 networks in the U.S. and has earned a reputation as experts in the design, deployment, and management of broadband, Wi-Fi/LAN, voice, and video solutions. Today, ENA manages multiple statewide and district-wide networks, including 15 of the largest school systems in the country, successfully serving approximately 5,000 sites; 570 school districts; 3.2 million students, educators, and administrators; 280 libraries; and 3.2 million librarians and patrons.
“David Pierce and his team at ENA have done an excellent job growing the business and delivering best in class infrastructure services and support to schools and libraries,” said Mark Feidler, an MSouth Partner. “We are very pleased with the ENA transaction and the return it generated for our investors.”
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 $150 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of companies in sectors where the firm has significant investment, management and transactional experience. MSouth invests with the objective of increasing operating cash flow through growth initiatives and active ownership. A key element of MSouth's investment strategy is partnering with proven management teams to create value. Founded in 2007, MSouth manages $1.3 billion with three active funds. MSouth is the successor to Cravey, Green & Wahlen, which was formed in 1984.