Month: February 2022

InfraRed Capital Partners announced yesterday the launch of Public Safety Towers, LLC 

Source: Inside Towers

InfraRed Capital Partners announced yesterday the launch of Public Safety Towers, LLC (PSTC) in the United States. Starting with an initial seed portfolio located in California, PSTC will construct new telecommunication towers in areas that are currently underserved. InfraRed is allocating $50 million to PSTC for the initial roll out but expects to deploy more capital over time as the tower build program expands. PSTC will be headquartered in Carlsbad, CA.

“InfraRed is delighted to partner with PSTC, a team that has successfully built and operated leading telecommunications and public safety enterprises in the U.S. InfraRed continues to grow its presence in the market by making value-accretive investments in target sectors, funding and developing critical infrastructure that connects communities.”

Chris Odenthal, the Chief Operating Officer for PSTC, said, “Wireless connectivity has become a basic need for data consumers as well as first responders, and PSTC will look to address a gap in the market for the benefit of the community. Public safety lies very close to our hearts at PSTC, and we will look to establish the public safety community as a partner in building industry-leading wireless facilities.”  

Odenthal, who will lead the day-to-day operations of PSTC, has recent experience building the Los Angeles Regional Interoperable Communications System (LARICS) which is arguably one of the most challenging build-markets in the country.

Houlihan Lokey acted as PSTC’s exclusive financial advisor, and Greenberg Traurig, LLP served as PSTC’s legal advisor. Phillips Lytle LLP, Procopio, Cory, Hargreaves & Savitch LLP, EY-Parthenon and EY served as the advisor group to InfraRed.

Audax Private Equity Announces Investment in Centerline Communications

Source: PR Newswire

Audax Private Equity (“Audax”) announced today that it has acquired a controlling interest in Centerline Communications LLC (“Centerline”), a leading professional services organization focused on the design, build, and maintenance of wireless and wireline network infrastructure from Wincove Private Holdings, LP (“Wincove”) and Stone-Goff Partners (“Stone-Goff”). This transaction took place in August 2021 and terms of the transaction were not disclosed.

Josh Delman, Founder and CEO of Centerline, will continue to lead the company alongside the existing management team. Josh and Wincove will maintain minority ownership positions in the company alongside Audax.

The investment will support Centerline’s continued organic and acquisition growth as it pursues its mission to grow its national footprint and further expand its scope of services focused on the development and maintenance of critical network infrastructure.

Since Audax’ initial investment, Centerline has completed three acquisitions that have helped expand the company’s geographic coverage and range of service offerings: Maicom LLC (“Maicom”), which closed in August 2021; P. Marshall & Associates (“PM&A”), which closed in December 2021; and J5 Infrastructure Partners (“J5”), which closed in December 2021.

Maicom is a critical infrastructure focused services organization based in North Andover, MA, that provides critical infrastructure installation and maintenance for major multiple-system operators (“MSO’s”) throughout the United States and Canada in support of their networks. Centerline acquired Maicom from the Boston-based investment firm, Heritage Holding.

PM&A is an engineering, real estate, and construction management organization based in Atlanta, GA that provides professional services to national wireless operators and major infrastructure owners throughout the southeast and gulf coast of the United States.

J5, based out of Irvine, CA, is a real-estate, construction management, and engineering firm supporting national wireless operators and several national and regional broadband providers throughout the western United States. Centerline acquired J5 from Raleigh-based investment firm, Ridgemont Equity Partners. The founders of each business (Paul Maiuri from Maicom, Patrick Marshall from PM&A, and John Barker from J5) and their respective management teams are planning to remain with the combined platform. With these strategic acquisitions, the Centerline platform now has over 1,200 professionals helping to support the deployment of critical infrastructure throughout the United States and Canada.

Josh Delman, Founder and CEO of Centerline, said, “We are thrilled to be partnering with Audax and look forward to benefitting from their deep industry expertise. We believe this partnership will help us to meet the growing demand within our customers to work with larger, self-performing service organizations that can provide turn-key solutions to critical infrastructure within their national networks. We are excited to have expanded our coverage through our recent acquisitions and to be diversifying our services within the platform to better support our customers.”

“We believe Centerline is well-positioned to grow organically and through acquisitions as it continues its mission to build out a broad range of critical infrastructure services nationally,” said David Wong, Managing Director of Audax. “We are thrilled to be partnering with the company’s highly-experienced management team to help take the business to the next level.”

Keybanc Capital Markets acted as an advisor to Centerline in the transaction with Audax and Husch Blackwell served as legal counsel. Ropes & Gray LLP and Fredrikson & Byron served as legal counsel to Audax.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $8 billion in more than 150 platforms and over 1000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: http://www.audaxprivateequity.com or follow us on LinkedIn.

With New “Digital Next” Strategy, DartPoints Closes Gaps at the Edge

Source: PR Newswire

DALLAS, Jan. 31, 2022 /PRNewswire/ — DartPoints, the leading digital infrastructure provider enabling next-generation applications at the edge, unveils its “Digital Next” strategy that combines hybrid cloud and digital infrastructure with the company’s Bridge IX℠ (edge internet exchange) and Liquid Edge℠ (edge high-performance computing, or HPC) offerings. By weaving together cloud, interconnection, colocation, and managed services into one unique solutions suite, DartPoints Digital Next is enabling edge ecosystems for enterprises, carriers, and cloud and content providers. DartPoints is building tomorrow’s distributed digital infrastructure while serving today’s cloud and colocation needs.

Digital Next Logo

“DartPoints is bringing together the core components needed for modern application enablement in a way that no other provider is,” states Scott Willis, DartPoints CEO. “The explosive demand for bandwidth has created nationwide data delivery challenges, exposing the massive need for reliable connectivity and powerful interconnection. The U.S. needs a next-generation, cost-effective interconnection ecosystem that serves all communities, regardless of population. We’re proud to deliver this ecosystem and improve internet infrastructure and business IT solutions nationwide.”

DartPoints’ Bridge IX℠ provides the internet exchange point where carriers, internet service providers, content delivery networks, enterprises, hosting companies, and hyperscale cloud providers connect locally. These IXs, which significantly reduce transit costs for carriers, enable each ecosystem partner to exchange internet traffic and interconnect directly through peering. Liquid Edge℠, DartPoints’ edge HPC solution, is two-phase liquid immersion cooling technology able to deliver up to 1.2 MW of compute in only 360 square feet. At a PUE of 1.028 and requiring 70% less water, Liquid Edge℠ is the greenest cloud infrastructure available on the market.

The growing edge computing movement “will complement cloud computing for nearly every enterprise by 2025,” according to Gartner’s June 2021 “Understanding Edge Computing” infographic. Gartner has predicted that three-fourths of all enterprise data will be created and processed at the edge by 2025, up from 10% in 2018.

“DartPoints has been at the forefront of defining the next generation of edge infrastructure since our inception,” said Brad Alexander, CTO of DartPoints. “Digital Next is ideal for companies looking to launch or grow their edge footprint as their edge strategy evolves. With increasing momentum toward a decentralized internet, we’re developing the next generation of cloud, colocation, and interconnection, delivering workloads as close to the end user, application, or device as possible. The industry is demanding high-performance, highly scalable, vendor-neutral infrastructure, and Digital Next is the platform enabling that at the edge.”

Digital Next is launching during a high-growth phase for DartPoints, which acquired South Carolina-based Immedion in March 2021 and Ohio-based Metro Data Centers (MDC) in October 2020. With investment from private equity firm Astra Capital Management, DartPoints is on a “buy and build” growth path, targeting 212 locations with its unique internet connectivity ecosystem model.

About DartPoints 
DartPoints builds and operates the leading digital infrastructure platform that enables next-generation applications at the edge. Known collectively as Digital Next, this suite of services equips enterprises, carriers, and cloud and content providers with the right blend of cloud, colocation, interconnection, and managed services. Our unique ecosystem creates a strategic and straightforward way to enhance user experience and increase network performance and reach. DartPoints is building tomorrow’s distributed digital infrastructure while serving today’s cloud and colocation needs. Visit us online at www.dartpoints.com and connect with us on LinkedIn and Twitter.