Press Release

Twin Point Capital Sells Majority Interest in Blue Stream

June 11, 2020

Washington, DC – June 11, 2020 – Cooley advised Twin Point Capital on the sale of its majority interest in Blue Stream to GI Partners and Blue Stream’s CEO Joe Canavan. Lawyers Kevin Mills and Maureen Nagle led the Cooley team advising Twin Point.

Under Twin Point's ownership, Blue Stream transformed from a traditional cable business to a rapidly-growing, customer service-focused provider of fiber-based bandwidth and broadband internet services to residential and commercial customers in Florida. The investment by GI Partners will support growth in the company's existing markets, propel its expansion in the state and strengthen its customer service capabilities

"It has been a great honor and privilege to partner with Joe Canavan, Mark Dineen and the Blue Stream team,” Jonathan Friesel, a managing partner of Twin Point, said in a news release. “Together, we built Blue Stream into a world-class gigabit services provider with a passion for providing state-of-the-art products and superior service to our customers and communities. We wish the company continued success.”

Founded in 2015, Twin Point is a principal investment firm with offices in Palo Alto and New York City. 

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