GTCR acquires Onvoy

Private equity firm GTCR has completed its acquisition of Onvoy, LLC from Communications Infrastructure Investments, the company said.

Onvoy, headquartered in Minneapolis, Minnesota, is a fast-growing leader in communications enablement. GTCR will partner with CEO Fritz Hendricks and the Onvoy management team as they continue to grow and develop the company´s service offerings and geographic breadth.

Onvoy is a leading communications enablement platform offering nationwide wholesale communication services. The Company provides easy-to-use voice, messaging and mobility solutions to wireless, Over-the-Top app, VoIP and wireline communications companies that choose to focus on customer-facing applications and service rather than infrastructure management. Onvoy combines an intuitive software-based Application Program Interface with its nationwide network of physical switches and dedicated transport to offer its leading wholesale telecommunication services.

Stephens Inc. served as financial advisor to GTCR and Latham & Watkins LLP provided legal counsel. Gibson Dunn & Crutcher LLP provided legal counsel to Onvoy.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategyâ„¢ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than USD12 billion in over 200 companies.