Igneo Infrastructure Partners, a global infrastructure investment manager with US$16.5 billion in assets, has completed its acquisition of US Signal Company, LLC (US Signal), a leading data center and network solutions provider.
Based in Grand Rapids, Mich., US Signal provides network, data center, connectivity, cloud hosting, colocation, data protection, and disaster recovery services to regional enterprise customers and large national telecommunications carriers. It operates a 9,500 route mile fiber network and eight data centers across nine states in the upper Midwest.
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“Igneo enters 2023 with strong momentum. We are excited to add US Signal to our growing portfolio in North America, where we continue to see strong tailwinds in the digital infrastructure sector,” said Michael Ryder, partner and co-head of Igneo in North America. “This is our third global investment in the digital sector. Our focus remains on high-quality, mid-market, critical infrastructure businesses like US Signal.”
US Signal represents Igneo’s first investment in the U.S. telecommunications sector and the fourth platform asset in North America. During the last four years, Igneo has invested more than US$2.0 billion of capital in Terra-Gen, Rialto Bioenergy and Patriot Rail.
Paul Van Hyfte, president of US Signal, said, “We are thrilled to partner with Igneo to support our strategic goals, including investment in and expansion of our data centers and fiber network, as we continue to provide unparalleled service to our customers.”
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