Clearwater’s Knight Enterprises sells to private equity firm
April 15, 2020 - Knight Enterprises, a Clearwater company that provides critical communications infrastructure services, was acquired by an affiliate of Mill Point Capital, a middle-market private equity firm. Financial terms were not disclosed in a news release. Knight’s management team, including CEO Jason Welz, will continue to lead the company. "Our partnership with Mill Point provides meaningful experience and resources that will help us build upon a successful platform with significant growth opportunity," Welz said in the news release. Mill Point, based in New York, targets control investments in lower-middle market businesses, with a focus on industrial and business services companies in North America.