Investment firm Carlyle (NASDAQ: CG) says it will acquire data center services provider Involta from M/C Partners via funds that Carlyle manages.
Financial terms of the deal were not disclosed, although Carlyle did say that it expects to close the purchase during the current calendar quarter subject to customary closing conditions.
Involta offers data center colocation, hybrid cloud, edge, fiber, and related products and services via its 12 data center facilities and an in-house fiber network of more than 12,000 fiber-miles.
Carlyle says it plans to help Involta expand beyond its primary markets in the U.S. Midwest, Pacific Northwest, and Southwest.
"Involta has built a world-class platform with a demonstrated operating model for delivering high-quality service to customers in an increasingly complex, hybrid cloud-based world,” commented Joshua Pang, head of digital infrastructure for Carlyle's Infrastructure Group. “We see significant opportunity for growth given the long-term secular demand drivers of data proliferation, digital connectivity, and the digitization of enterprise and institutional operating models. We look forward to a strong, long-term partnership and to leveraging Carlyle's scale, resources, and access to capital to drive sustainable growth at Involta."
"We are thrilled to work with Carlyle's proven investment team as we build on our national market leadership and support our customers' growing digital infrastructure requirements,” added Bruce Lehrman, founder and CEO of Involta. “We see many logical opportunities to continue expanding Involta's footprint and infrastructure and look forward to leveraging Carlyle's global resources and deep expertise to further accelerate our growth momentum."