NEW YORK and CEDAR RAPIDS, Iowa, Dec. 22, 2021 /PRNewswire/ -- Global investment
firm Carlyle (NASDAQ: CG) announced today that funds managed by
Carlyle have agreed to acquire Involta, a data center company
focused on hybrid IT and cloud infrastructure, including data
center colocation, hybrid cloud, edge, fiber, and related
products.
Involta owns and operates 12 data center facilities and an
in-house 12,000+ fiber-mile network. These assets, paired with
strategic infrastructure services, provide mission-critical IT
solutions to businesses across the United
States. Carlyle's capital, resources, and expertise will
help expand Involta's operations, which today are located primarily
in the Midwest as well as the Pacific Northwest and Southwestern
U.S., helping grow its capabilities for both new and existing
customers.
Joshua Pang, Head of Digital
Infrastructure for Carlyle's Infrastructure Group, said, "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. 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."
Pooja Goyal, Chief Investment
Officer of Carlyle's Infrastructure Group, said, "This investment
is consistent with our strategy of partnering with best-in-class
businesses positioned for continued growth in the digital
infrastructure space. Digital infrastructure is a key sector focus
for our platform and we will continue to grow our portfolio with
both high growth opportunities as well as stabilized assets."
Bruce Lehrman, Founder and CEO of
Involta, said, "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.
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."
This transaction supports Carlyle's growth in infrastructure
investing, which includes investments in infrastructure companies
supporting the digital economy. Earlier this year, Carlyle acquired
Wyyerd Group, a leading regional fiber-to-home platform in the
Southwestern United States, and
recently completed an add-on fiber acquisition for that platform in
December 2021.
Carlyle will acquire Involta from M/C Partners.
The transaction is expected to close in the first quarter of
2022 and is subject to the satisfaction of customary closing
conditions. Financial details were not disclosed.
Greenberg Traurig LLP, Bank Street Group, and TD Securities
advised on this transaction.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry
expertise that deploys private capital across three business
segments: Global Private Equity, Global Credit and Global
Investment Solutions. With $293
billion of assets under management as of September 30, 2021, Carlyle's purpose is to
invest wisely and create value on behalf of its investors,
portfolio companies and the communities in which we live and
invest. Carlyle employs more than 1,800 people in 26 offices across
five continents. Further information is available at
www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
About Involta
Involta is an award-winning hybrid IT
and cloud-forward consulting firm orchestrating digital
transformation for the nation's leading enterprises. Involta's
ongoing mission is rooted in partnership. Its personalized approach
identifies customers' requirements while earning their trust to
ultimately deliver Superior Infrastructure and Services,
Operational Excellence and People Who Deliver, keeping with the
Involta brand promise.
Involta pairs strategic consulting with the unique ability to
leverage owned data centers and infrastructure assets, empowering
businesses with necessary security and reliability requirements.
Its well-defined, rigorous process to deliver hybrid cloud, edge,
consulting, and data center services have earned the company
several designations, including a KLAS rating and review for
partial healthcare IT outsourcing excellence. The company has also
been recognized on several CRN lists and has been named one of the
fastest-growing companies in America by Inc.5000 for nine
consecutive years.
Involta enables customers with the power to transform their
technology and the freedom to focus on their core business. To
learn more about Involta, visit involta.com or follow them on
LinkedIn, Twitter or Facebook.
About M/C Partners
M/C Partners is a private equity
firm focused on small and mid-size businesses in the digital
infrastructure and technology services sectors. For more than three
decades M/C Partners has invested $2.4
billion of capital in over 140 companies, leveraging its
deep industry expertise to understand long-term secular trends and
identify growth opportunities. The firm is currently investing its
eighth fund, partnering with promising companies and leadership
teams to support, scale, and improve operations and maximize value.
For more information, visit https://mcpartners.com.
Media Contacts:
Christa Zipf
Carlyle
Christa.zipf@carlyle.com
347-621-8967
Sheetal Werneke
JSA for Involta
1.866.695.3629
jsa_involta@jsa.net
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SOURCE Involta