GI Partners has acquired LightEdge, a colocation provider based in Des Moines.
“I am extremely proud of what we have accomplished over the years in collaboration with our owners, The Anschutz Corporation. We’ve spent the last year getting to know the GI Partners organisation, and I believe we’ve found the ideal investment partner to help us take LightEdge to the next level,” said Jim Masterson, CEO of LightEdge.
LightEdge, founded in 1996, also offers private and bare metal cloud services, as well as disaster recovery services.
“The acquisition reflects the tremendous value that LightEdge has built over the last 14 years, and it was critical for us to find the right investment organisation to lead the company into its next growth phase. GI Partners is the ideal successor, and we are confident that the future remains bright for the entire LightEdge team and customers,” said Augie Cruciotti, managing director of The Anschutz Investment Company.
GI Partners was founded in 2001 and invests in private equity, real estate, and data infrastructure. In 2004, GI Partners founded Digital Realty. Currently, the company owns stakes in several fibre and broadband companies, as well as Hawaiian data centre operator DR Fortress and a number of standalone facilities. Additionally, it owns a stake in Flexential and just launched a new Life Sciences and data centre fund.
“LightEdge has established itself as a market leader in colocation, cloud and managed services, particularly in the Midwest region, over the last several years. The Company has established a track record of providing superior service to enterprise customers in an increasingly complex hybrid-cloud environment “GI Partners’ Managing Director, Mark Prybutok, stated.