Stone-Goff Portfolio Company, JSI, Completes Acquisition of Mid-State Consultants
Greenbelt, MD – September 17, 2021
Move Builds on Efforts to Provide Complete Solutions for Broadband Clients Nationwide
JSI is pleased to announce that it has acquired Mid-State Consultants, Inc. ("Mid-State"), a premier engineering firm headquartered in Nephi, Utah. The move solidifies JSI’s leadership position as a full-service compliance, specialty consulting and tech-enabled engineering solutions provider in the broadband market. The acquisition of Mid-State Consultants significantly grows the engineering capabilities that JSI began building last year.
Mid-State Consultants is well known in the broadband communications industry and has worked jointly with JSI on several client projects in the past. Established in 1963, Mid-State specializes in providing comprehensive communication systems engineering, including network planning and design, outside and inside plant, virtual drafting and ongoing project development and project management. The combined company expands JSI’s complete set of solutions into the western United States, as well as Alaska and Hawaii.
The acquisition helps JSI achieve one of its strategic priorities of gaining a foothold in the western U.S. while also increasing its scale and capabilities within the fast-growing tech-enabled engineering offering.
"We are pleased to add Mid-State to the JSI family. Our clients now have access to more services and solutions and a talented team with the broadband technology, regulatory and business know-how," said Tasos Tsolakis, CEO of JSI. "The broadband industry’s future is bright and JSI is well positioned to support our clients every step of the way."
Going forward, Mid-State Consultants will continue to operate out of its Utah headquarters and its seven regional offices. JSI continues to actively seek strategic acquisitions focused on tech-enabled broadband engineering as well as compliance and specialized consulting services to broadband and utility companies.
JSI is a full-service consulting firm, providing financial, engineering, management, operational, regulatory, and strategic assistance to broadband communications providers. JSI’s business knowledge, experience and proven success help its clients plan and realize long-term success and profitability. JSI has customer relationships with approximately 750 communications entities in 46 states and several US territories. Headquartered in Greenbelt, MD, JSI also has offices in MN, TX, GA and UT. JSI can be found at jsitel.com.
About Stone-Goff Partners
Stone-Goff Partners is a private equity firm that invests in lower middle market Technology-Driven Service businesses. The companies we invest in combine service offerings with technology and focus on attractive, defined end-markets. Core verticals include business services, human capital and training, marketing services, consulting services, IT services, consumer services and outsourcing. Stone-Goff invests in founder-owned businesses and corporate carve-outs.
Founded in 2010 by Hannah Stone Craven and Laurens Goff, Stone-Goff leverages the extensive investment, operational and sector-specific experience of its partners and Talent Network to drive value creation within its portfolio companies.