PLANS TO FURTHER EXPAND INVOLTA’S PORTFOLIO

Global investment firm Carlyle, has announced an agreement to acquire Involta, a data center company with a portfolio that include cloud infrastructure, colocation, edge and fiber facilities.

Involta owns and operates 12 data center facilities in the United States with locations across Arizona, Idaho, Iowa, Minnesota, Ohio and Pennsylvania. The company also operate an in-house 12,000+ fiber-mile network within the country.

“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,” said Bruce Lehrman, Founder and CEO of Involta.

At an undisclosed amount, Carlyle will acquire Involta from M/C Partners. This transaction supports Carlyle’s growth in infrastructure investing as it follows Carlyle’s acquisition of Wyyerd Group, a regional fiber-to-home platform in the Southwestern United States, as well as the recently completed add-on fiber acquisition for Wyyerd Group platform in December 2021.

Carlyle’s capital, resources, and expertise are expected to help expand Involta’s operations, which 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.

“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,” said 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.”

Advised by Greenberg Traurig LLP, Bank Street Group, and TD Securities, the transaction is expected to close in the first quarter of 2022 and is subject to the satisfaction of customary closing conditions.