Gilead Empowers Joink to Realize Its Potential
Joink, LLC began as “the little ISP that could” in 2001. They delivered fixed wireless internet access to residential and commercial properties in Eastern Illinois and Western Indiana. By 2014, Joink began offering fiber-optic lines, including priority infrastructure for schools, hospitals, corporations and other telecom carriers.
Along the way, Gilead Group offered its holistic strategic approach to cultivate lasting growth for Joink. This assured the company could confidently reach into new markets and technologies. The team at Joink has been able to step into broader telecommunications markets thanks, in large part, to the guidance Gilead Group has been able to provide. At key points in the journey, Gilead made vital investment capital available to Joink. This allowed Joink to seize opportunities in a competitive telecom market. Now, Joink is poised to meet the ever-increasing demand for fiber in their region.
New Opportunities Follow Joink’s Growth
In November of 2021, Joink reached an agreement with DIF Capital Partners for a new growth capital partnership. As a result, Gilead Group received partial liquidity of its investment, with an equity recapitalization in Joink from DIF Capital Partners. The partnership with DIF signals an end to Gilead’s involvement as a primary partner. This story is a brilliant example of success for Gilead’s management approach, as well as the ingenuity and dedication of the people of Joink, LLC.
Joink is poised to expand its residential fiber network infrastructure. Increasing demand for reliable, high-speed internet will continue to be driven by advancements in remote work, telehealth, online education, and streaming services. DIF sees Joink as an exciting investment opportunity because of its work to position itself as a preferred infrastructure contractor.
Joink has retained many of its long-term investors. The company has delivered on its promise by bringing fiber-optic infrastructure to underserved markets. As a result, Joink has expanded its capabilities to answer the challenge of larger projects.
The team at Gilead Group is excited to see what’s next for Joink, LLC. Gilead Group’s capital investment and careful management have enabled Joink to reach far beyond its initial scope of operations. And now, having earned the attention and investment of DIF, Joink is ready to level up once again.