CONCORD, CA – February 3, 2016 – LightRiver Technologies, Inc., a leader in Factory Built NetworkTM design and commissioning, announces today that Central Valley Fund II (“CVF II”), alongside North Carolina-based Plexus Capital (“Plexus”), has made an investment into LightRiver to help complete the recapitalization of the company and provide resources for continued growth.
The investor group is backing the current management team and is committed to maintaining LightRiver’s unparalleled capabilities and service offerings while expanding the company’s reach and capacity.
LightRiver was founded in 1998 by current CEO Glenn Johansen and has evolved into a highly-trusted and uniquely capable network solutions provider for many large businesses, utilities, government agencies, and technology innovators.
“LightRiver grew out of the increasing need for companies to keep up with the fast pace of development in transport communication network technologies. With LRT we are able to offer a complete solution for clients that need highly-reliable networks and the best equipment and performance,” states Glenn Johansen, CEO and founder of LightRiver. “We are excited about this new stage of LightRiver’s progression that will allow us to continue to invest in our business and grow to meet the needs of our clients and the market.”
According to Ed McNulty, a partner at CVF, “We were greatly impressed with the unique position LightRiver has been able to establish for itself as an expert and trusted resource for companies upgrading and migrating their network systems. LightRiver’s strong growth is a testament to the management team, and we believe with this investment the company will continue to grow and capitalize on a favorable market outlook.”
Plexus’ managing partner, Michael Painter, added, “We have had the pleasure of getting to know Glenn and the LightRiver team over the last several months and are excited about partnering with them for the company’s next phase of growth. We look forward to supporting Glenn and his team in furthering the LightRiver success story.”
About LightRiver Technologies, Inc.
LightRiver Technologies designs, engineers, commissions and supports next generation solutions for mission-critical clients that require the highest capacity, reliability and resiliency that today’s optical communications technology can deliver. A leader in integrating multi-vendor, Factory Built NetworksTM, LightRiver is an expert in Tier 1 Packet Optical, DWDM/ROADM, MPLS and Carrier Ethernet systems, and in successfully migrating legacy networks to the next generation. LightRiver delivers unique value across the United States with turnkey solutions, carrier-grade quality and unparalleled customer care in multi-technology networking. For more information, please visit www.lightriver.com.
Jaymie Scotto & Associates (JSA)
+1 866.695.3629 ext. 6
About Central Valley Fund
The Central Valley Fund was established in 2005 to finance late-stage growth investments and buy-outs through mezzanine and preferred equity investment with over $175 million in committed capital. The fund has offices in Davis, CA and Fresno, CA. It is focused on making investments in California’s Central Valley and throughout the Western United States. For more information, please visit www.cvfcapitalpartners.com
About Plexus Capital
With offices in Charlotte and Raleigh, North Carolina, Plexus manages $550 million across three funds and supports a wide variety of transaction structures including acquisitions, buyouts, recapitalizations, and growth capital transactions. Since 2005, Plexus has invested over $450 million in over 70 companies throughout the United States. For more information, please visit www.plexuscap.com
Ed McNulty, Managing Partner
Central Valley Fund
Ph. 530-757-7004 ext. 226
Michael Painter, Managing Partner
Glenn Johansen, CEO
SOURCE: CVF Capital Partners
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