Igneo Infrastructure Partners, a worldwide infrastructure investment manager with assets under management of $16.5 billion, has completed the acquisition of US Signal Company, LLC, a distinguished provider of data center and network solutions.
Partner and co-head of Igneo in North America, Michael Ryder, said, "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." He added, "This is our third global investment in the digital sector. Our focus remains on high-quality, mid-market, critical infrastructure businesses like US Signal."
(Source – PR Newswire)
U.S. Signal, headquartered in Grand Rapids, Michigan, offers an array of services including network, data center, cloud hosting, connectivity, data protection, disaster recovery, and colocation to both sizeable national telecommunications carriers and regional enterprise customers. US Signal serves a broad customer base with eight data centers in the upper Midwest and a fiber network spanning 9,500 route miles across nine states.
This acquisition marks Igneo's initial foray into the U.S. telecom sector and the fourth platform asset in North America. In the past four years, Igneo has invested over US$2.0 billion of capital in companies such as Terra-Gen, Rialto Bioenergy, and Patriot Rail.
About US Signal
US Signal offers cutting-edge technology solutions for data centers, cloud services, and managed services that assist businesses in updating their IT operations and adapting to evolving technological and business demands. By leveraging a range of services such as colocation, IT infrastructure, data management, disaster recovery, endpoint monitoring, and security, US Signal can cater to even the most intricate technical requirements. US Signal's comprehensive fiber network powers all of these services, ensuring secure and reliable connectivity. The network is expertly designed to optimize edge computing, enabling private WAN connections and one-hop access to the internet via Tier 1 upstream relationships and direct connections to hyper-scale cloud providers.
About Igneo Infrastructure Partners
Igneo Infrastructure Partners is a globally recognized investment firm that focuses on investing in exceptional mid-market infrastructure companies across various regions, including the UK, Europe, North America, Australia, and New Zealand. Being an independent investment team under the First Sentier Investors Group, Igneo has built a robust reputation for partnering with companies and providing value to investors. Since its establishment in 1994, the firm has honed its expertise in identifying promising investment opportunities in the infrastructure space and has consistently delivered exceptional results. The team prides itself on its capability to work closely with portfolio companies, implementing innovative solutions and proactive asset management practices that foster long-term sustainable growth.