GI Partners has signed an agreement to acquire DQE Communications, a Pittsburgh, PA-based independent fiber provider from its parent company, Duquesne Light Holdings.
The amount of the deal was not disclosed.
The acquisition will bolster DQE’s expansion of its fiber network operations in order to capitalize on the demand for high-capacity, carrier-class bandwidth services by the company’s customers in the enterprise, carrier, wireless, education, municipal and government sectors.
Formed in 1997 as a subsidiary of DLH, DQE Communications has extended its geographic reach beyond its core Pittsburgh footprint and evolved into the region’s independent fiber provider offering a full suite of infrastructure-oriented communication services. This includes a 4,700-route mile fiber network that connects more than 3,000 on-net businesses, towers, and data centers with multiple expansion projects underway in strategically adjacent markets.
Founded in 2001, GI Partners is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $42 Billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, services, and software sectors. The real estate strategy focuses primarily on technology and life sciences properties as well as other specialized types of real estate.
FinSMEs
20/12/2023