Davis, CA — Central Valley Fund II (“CVF II”) announced today it has made an investment in LightRiver Technologies (“LightRiver” or “LRT”), a Concord-based multi-vendor network integrator and equipment reseller. CVF II is pleased to invest alongside North Carolina-based Plexus Capital (“Plexus”) and sponsor Muir Equity to complete the recapitalization of LRT and provide the resources for the company to grow into the future.
The investor group is backing the current management team and is committed to maintaining LRT’s unparalleled capabilities and service offerings while expanding the company’s reach and capacity.
LRT was founded in 1998 by current CEO Glenn Johansen and has evolved into a highly-trusted and uniquely capable network solutions provider for many large businesses, utilities, government agencies, and technology innovators.
“LightRiver grew out of the increasing need for companies to keep up with the fast pace of development in transport communication network technologies. With LRT we are able to offer a complete solution for clients that need highly-reliable networks and the best equipment and performance” said Glenn Johansen, CEO and founder of LightRiver. “We are excited about this new stage of LRT’s progression that will allow us to continue to invest in our business and grow to meet the needs of our clients and the market.”
According to Ed McNulty, a partner at CVF, “We were greatly impressed with the unique position LightRiver has been able to establish for itself as an expert and trusted resource for companies upgrading and migrating their network systems. LightRiver’s strong growth is a testament to the management team, and we believe with this investment the company will continue to grow and capitalize on a favorable market outlook.” Plexus’ managing partner, Michael Painter, added “We have had the pleasure of getting to know Glenn and the LightRiver team over the last several months and are excited about partnering with them for the company’s next phase of growth. We look forward to supporting Glenn and his team in furthering the LRT success story.”
About LightRiver Technologies
LightRiver Technologies designs, engineers and commissions next generation solutions for clients that require the highest capacity, reliability and resiliency that today’s communications technology can deliver. LightRiver is a proven leader in integrating multi-vendor, next-generation transport networks, and guides clients through the entire lifecycle of a network from strategy, design, and migration to management, support and maintenance. For more information, please visit www.lightriver.com