The Telx Group, a provider of global interconnection and colocation facilities, has been sold to ABRY Partners and Berkshire Partners LLC, two Boston-based investment firms.
Telxs former owner, GI Partners, a private investment firm with roughly $6 billion of capital under management, did not disclose the terms of the sale.
We are pleased with the performance of Telx under our ownership and the gains we and the management team have achieved,” said Howard Park, a managing director of GI Partners, in a statement. We believe that under the ownership of Berkshire and ABRY, both of whom have experience investing in this sector, the company will continue to grow within its existing facilities and selectively identify domestic and international expansion opportunities.”
Telx CEO Eric Shepcaro said the sale wont impact its customers.
We have been extremely pleased with our GI partnership, which has provide valuable insights, resources and intensive operational engagement as we expanded our business and identified select add-on acquisitions,” he said. Joining forces with Berkshire and ABRY allows us with continued opportunity to work closely with our partners to deliver interconnection product and data center services to meet the increased volumes of data and voice traffic.”
New York-based Telx operates 15 interconnection and colocation facilities across the United States, serving around 900 telecommunications carriers, ISPs, content providers, technology companies and global enterprises.
It’s been a big year of M&A for ABRY. In August 2010, the firm completed a $1.2 billion takeover of cable operator RCN Corp. Earlier this summer, an ABRY affiliate signed a deal to buy Masergy Communications.
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February 15 2019 @ 14:45:26 UTC