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Carlyle to Acquire, Expand US Data Center Company Involta
Wednesday 29 December 2021

Funds managed by US-based investment firm Carlyle (NASDAQ: CG) have agreed to acquire Iowa, US-based data center company Involta, the firm said.

Involta is 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 US, helping grow its capabilities for both new and existing customers.

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 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.

Carlyle employs more than 1,800 people in 26 offices across five continents.
Date Published: 29/12/2021