Stephens Capital Partners and The Pritzker Organization Invest in Lit Communities

Oak Hill Capital Makes Majority Investment in Lit Communities to Accelerate Fiber Expansion

May 4, 2023

Telecommunications

Oak Hill Capital committed $150 million in primary capital for a majority investment in Lit Communities to fund expansion of Lit's fiber-to-the-home networks in unserved and underserved U.S. communities. Existing shareholders including Stephens Capital Partners, The Pritzker Organization and Lit management remain shareholders; the funding will support construction to reach more than 200,000 locations over the next few years.

Omni Fiber Merges with Lit Fiber to Accelerate FTTH Expansion

November 20, 2024

Telecommunications

Omni Fiber and Lit Fiber have agreed to merge, consolidating Lit Fiber's Medina County, Ohio network into Omni Fiber to accelerate fiber-to-the-home expansion and speed market rollout. Both companies are majority-owned by Oak Hill Capital; existing Lit Fiber shareholders Stephens Capital Partners and The Pritzker Organization will remain minority investors and continue to support the business.

GTCR, Stephens and The Pritzker Organization Invest in Cable One's Clearwave Fiber Joint Venture

January 3, 2022

Telecommunications

GTCR LLC, Stephens Capital Partners and The Pritzker Organization (along with certain members of management) have formed a joint venture investment in Clearwave Fiber LLC alongside Cable One. The investors will make substantial cash investments to accelerate Fiber-to-the-Premise (FTTP) expansion across Clearwave's footprint and near-adjacent markets while Cable One retains majority ownership and receives no cash proceeds.

The Pritzker Organization Invests $100 Million in Steward Partners

June 8, 2021

Wealth Management

The Pritzker Organization acquired a $100 million minority stake in Steward Partners Global Advisory to support the RIA's growth plans. The capital will be used to build a custom technology platform, hire advisors, pursue M&A, and provide liquidity opportunities for Steward Partners' partners.

Searchlight Capital Partners Invests in Mainstream Fiber Networks

October 30, 2023

Telecommunications

Searchlight Capital Partners has made a strategic growth investment in Mainstream Fiber Networks to accelerate the Indiana-based fiber ISP's expansion into unserved and underserved rural communities. The capital will support Mainstream's buildout of next-generation fiber across the state, leveraging existing grant relationships and aiming to connect hundreds of thousands of homes and businesses.

Pritzker Private Capital Recapitalizes Energy Distribution Partners

October 6, 2020

Energy

Pritzker Private Capital completed a recapitalization of Energy Distribution Partners (EDP), investing alongside Concentric Equity Partners and Duchossois Capital Management to support EDP's expansion. EDP's management will remain in place as the partners provide capital to accelerate the propane distributor's growth and add-on acquisition strategy across the U.S.