#USA #Investment #Dunes Point #Queens #Eastern Communications

Dunes Point Capital Expands Its Portfolio with Eastern Communications

Dunes Point Capital, LP (DPC) has recently taken a significant step in enhancing its investment portfolio by acquiring a majority stake in Eastern Communications, Ltd. Founded in 1976, Eastern has carved a niche for itself as a leading distributor and service provider of mission-critical communication equipment and network infrastructure. With a focus on public safety applications, the company provides essential services to police, fire departments, and emergency call centers across the nation.

A Strategic Acquisition

This acquisition is not just a mere transaction; it symbolizes DPC's commitment to backing organizations that play a crucial role in community safety. Eastern Communications operates out of its headquarters in Queens, New York, and boasts a robust operational presence with 14 locations nationwide. With a dedicated workforce of approximately 200 employees, Eastern is well-poised to continue its legacy of delivering high-quality communication solutions.

The services provided by Eastern are vital during emergencies where effective communication can make the difference between life and death. Their offerings range from advanced communication devices to comprehensive tech support that ensures public safety personnel can field calls and manage communications efficiently during high-stress situations.

Opportunities for Growth

Dunes Point Capital's investment is expected to provide Eastern with the necessary resources to spur organic growth and expand through strategic acquisitions. The company is uniquely positioned in a market supported by recession-resilient funding, growing technological needs, and a rising demand for outsourced services in the public safety sector.

Eastern's commitment to building partnerships with both local dealers and manufacturers further enhances its market viability. The transaction is seen as a catalyst for improving Eastern's service offerings, benefitting not just the direct end-users of their products but also the dealer network and manufacturer partners involved.

Financial Structure of the Deal

The financial backing for this acquisition involved Dunes Point Capital Fund III, LP, in collaboration with co-investors including various funds managed by Partners Capital. Strategic debt financing was provided by prominent entities such as Audax Private Debt, TPG Twin Brook Capital Partners, and Manulife Investment Management. This collaborative financial structure showcases robust confidence in Eastern's potential and market position.

Legal and financial advisory roles were filled by leading firms. Kirkland & Ellis LLP served as the legal advisor for DPC, while Alvarez & Marsal Transaction Advisory Group took on the financial advisor role. On Eastern's side, Harris Williams operated as the exclusive financial advisor, and Goodwin Procter LLP advised on legal matters.

About Dunes Point Capital

DPC is not just an investor but a family office and private investment firm that focuses on control investments in varied businesses within the industrial and service sectors. The firm primarily targets companies valued at up to $1 billion, aiming to drive them towards sustained growth and profitability.

Future Direction

With public safety being a paramount concern, Eastern Communications is set to flourish under DPC's stewardship, resonating with the increasing needs of smart, effective communication in emergency scenarios. The landscape of public safety communications is evolving, and with continued investment and support, Eastern can further capitalize on the demand for its services to provide enhanced safety solutions across the nation.

For more detailed information about Eastern Communications and its services, interested parties can visit www.easterncommunications.com and for further insights into Dunes Point Capital, explore www.dunespointcapital.com.