Global law firm Greenberg Traurig, LLP represented 123NET, a
premier commercial and residential fiber internet, data center
interconnectivity and colocation, and business voice services
provider based in Michigan, in the
sale of a majority interest in the company to Grain Management, a
global investment firm that focuses on the broadband and digital
infrastructure sectors.
WASHINGTON, Aug. 5, 2024
/PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP
represented 123NET, a premier commercial and residential fiber
internet, data center interconnectivity and colocation, and
business voice services provider based in Michigan, in the sale of a majority interest
in the company to Grain Management, a global investment firm that
focuses on the broadband and digital infrastructure sectors.
The deal, which was first announced in April, closed
July 19. In addition to operating
several high-density data centers in metro Detroit and Grand
Rapids, 123NET is a Michigan-based Internet Service Provider
focused on equipping businesses with industry-leading fiber,
internet, colocation, and voice services. 123NET's leadership team
will remain in place and retain a meaningful ownership position.
For further information, read Grain Management's press releases
here.
The Washington, D.C.-based
Greenberg Traurig team was led by Digital Infrastructure, Data
Center and Cloud Computing Industry Group Co-Chair Kemal Hawa, Shareholder Christopher T. Turek, and Associate Nicolas H. Sabet.
Additional support was provided by a multidisciplinary
cross-office team, including Brian
Witkowski in Chicago, L.
Frank Cordero in Miami, Jeffrey K.
Ekeberg in Chicago,
Maria Walker in Miami, and Joseph K.
Kunnirickal, Frank (Kelvin) Jones
Jr., Joshua Pincus, and
Hunter L. Shattuck in Washington D.C.
About Greenberg Traurig: Greenberg Traurig, LLP has more than
2750 attorneys in 47 locations in the
United States, Europe and
the Middle East, Latin America, and Asia. The firm is a 2022 BTI "Highly
Recommended Law Firm" for superior client service and is
consistently among the top firms on the Am Law Global 100 and NLJ
500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The
Diversity Lab. The firm is recognized for powering its U.S. offices
with 100% renewable energy as certified by the Center for Resource
Solutions Green-e® Energy program and is a member of the U.S. EPA's
Green Power Partnership Program. The firm is known for its
philanthropic giving, innovation, diversity, and pro bono. Web:
http://www.gtlaw.com.
Media Contact
Jacob Fischler, Greenberg
Traurig, LLP, 202-294-7824, fischlerj@gtlaw.com,
https://www.gtlaw.com/en
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SOURCE Greenberg Traurig, LLP