#United States #Little Rock #The Computer Works #Circumference Group #Stephens Group

The Computer Works Secures Growth Capital

The Computer Works (TCW), a prominent provider of fiber and fixed wireless internet services, has successfully finalized a substantial growth capital investment. This investment was spearheaded by The Stephens Group, LLC in conjunction with Circumference Group. The primary goal of this funding is to further drive TCW's mission: to bridge the digital divide by expanding fiber connectivity to underprivileged communities throughout Arkansas.

In a statement, Brad Brannon, CEO of TCW, highlighted the transformative impact of this funding, stating, "This growth capital gives us the financial flexibility to accelerate our market expansion and prepare for BEAD funding opportunities. We are committed to extending high-quality fiber internet services to underserved areas in Arkansas and beyond."

Since Circumference Group first invested in July 2022, TCW has witnessed significant growth, successfully doubling its fiber footprint and expanding into new markets such as Russellville. This latest investment milestone marks a crucial advancement in TCW's objectives, facilitating the provision of reliable, high-speed fiber internet to more residents and businesses across the state.

Jeff Fox, Founder and CEO of Circumference Group, expressed enthusiasm for the partnership with The Stephens Group, noting their shared vision for creating long-term value in Arkansas communities. He commented, "TCW's talented team has continuously demonstrated their commitment to delivering exceptional broadband solutions, and this investment underscores our shared dedication to sustainable growth and customer value."

Notably, this collaboration emphasizes Circumference Group's unique investment strategy, which integrates strategic operational expertise with flexible capital. Fox remarked, "We see immense potential in TCW as a leader in providing long-term value to its customers. Our commitment to TCW represents our broader strategy of supporting strong businesses that deliver impactful results for the communities they serve."

Stephens Inc. acted as the financial advisor to TCW during this significant transaction.

About The Computer Works (TCW)

Founded in 1989, The Computer Works (TCW) stands as a leading Internet Service Provider based in Conway, Arkansas. The company specializes in delivering high-speed fiber and fixed wireless internet services to both residential and commercial clients across the state. Besides internet connectivity, TCW offers a range of other services, including Voice over IP (VoIP) phone solutions and online data backup, while also providing extensive monitoring and alert alerts for computers, servers, networks, and applications. A key component of TCW's mission is to bridge the digital divide by ensuring reliable and affordable internet access for underserved communities. The company has also received four Arkansas Rural Connect grants since 2020, aimed at building new fiber infrastructures and enhancing fixed wireless networks. For more information, visit tcworks.com.

About Circumference Group

Circumference Group is a Little Rock, Arkansas-based investment firm founded in 2009 by Jeff Fox. The firm applies deep operational insights to produce superior risk-adjusted returns for its capital partners. Circumference Group primarily focuses on both private and public market investments, using its Core Value Assessment (CVA) methodology to evaluate a company's growth prospects and operational strengths, guiding pathways for sustainable long-term success. More details can be found at circumferencegroup.com.

About Stephens Group

The Stephens Group, LLC, a private investment firm, collaborates closely with skilled management teams to cultivate valuable businesses. Backed by the extensive resources of the Witt Stephens, Jr. and Elizabeth Campbell families, it combines the operational knowledge of a private equity firm with the flexibility offered by long-term capital. The firm boasts over $2 billion in private equity assets under management and has a rich history of providing informed expertise while assisting owners and managers in realizing their strategic objectives and fostering sustained value. With an investment track record that includes over 50 companies since 2006, the Stephens Group concentrates its investments across various U.S. industries, including industrial and commercial products, technology infrastructure, specialty distribution, and vertical software. Visit stephensgroup.com for further insights.