DartPoints, a Dallas, TX-based provider of data center solutions for enterprises, received an investment from Nova Infrastructure.
The amount of the deal was not disclosed.
The company intends to use the funds to scale its platform and expand its footprint through targeted investments in capacity expansion and strategic M&A to meet market demand.
As part of the transaction, existing sponsor Astra Capital Management will retain a meaningful minority stake in the business. Orion Infrastructure Capital has also joined as a lender and investment partner, providing a senior secured credit facility and participating as a minority equity investor. NOVA and OIC’s commitments to DartPoints total more than $250m of capital.
Led by CEO Scott Willis, DartPoints provides essential IT services to both retail and wholesale customers through a distributed network of data center facilities. It serves more than 900 enterprise customers, including universities, hospital systems and Fortune 500 companies, from 11 data centers in 10 markets in South Carolina, North Carolina, Ohio, Indiana and Louisiana.
With the transaction, DartPoints acquired the underlying real estate in DartPoints’ Greenville, SC; Baton Rouge, LA; and Asheville, NC data centers, further transitioning to ownership of its strategic facilities.
FinSMEs
01/05/2025