Macquarie Infrastructure Partners (MIP) has bought Netrality Data Centers. According to the announcement, on August 30, Macquarie Infrastructure Partners IV (MIP IV) in partnership with Netrality’s management team acquired Netrality Data Centers from funds managed by Abrams Capital Management. Financial terms of the deal were not disclosed.
Macquarie Infrastructure Partners IV is a fund managed by Macquarie Infrastructure and Real Assets (MIRA), a division of Australia-based infrastructure investment firm Macquarie Group. “Partnering with MIRA’s highly experienced investment team affords Netrality the opportunity to leverage their sector and institutional relationships and provide access to significant growth capital to acquire new properties and businesses that are complementary to our current portfolio,” said Gerald Marshall, CEO of Netrality Data Centers said in a statement.
Founded in 2015, Netrality owns and operates facilities that act as data connectivity hubs in their respective markets. Customers who need direct connections across multiple networks, clouds and other service providers rely on Netrality. The company provides a mix of colocation, powered shell, and wholesale data center solutions driven by fiber-dense, network-rich interconnection environments. It has six strategic data centers in five markets—Philadelphia, Kansas City, St. Louis, Houston, and Chicago.
“Netrality’s facilities represent a critical form of digital infrastructure. In addition to facilitating the operation of the public internet, the sites also allow companies to build direct private connections between networks, improving performance, reliability and security. We are very pleased to partner with Netrality’s experienced management team as we expand our portfolio of investments in communications infrastructure,” said Karl Kuchel, CEO of MIP IV, in a statement.
This week, MIP has also announced the acquisition of Bluebird Networks, a telecom and fiber provider serving the Midwest United States. Since 1999, Bluebird Network has provided internet and fiber transport services to carriers and enterprises in Missouri, Illinois, and the surrounding states. With the acquisition, Bluebird will increase its fiber footprint even further, providing greater access to existing customers and reaching out to new service areas.