September 05, 2019
Macquarie Infrastructure and Real Assets (MIRA) has acquired Netrality Data Centers in partnership with the US data centre owner’s management team.
Macquarie Infrastructure Partners IV (MIP IV), a fund managed by MIRA said it has bought Netrality from funds managed by Abrams Capital Management for an undisclosed sum.
Netrality was formed in 2015 following the acquisitions of 401 North Broad, 717 South Wells, 1301 Fannin and 1102 Grand. The portfolio expanded in 2016 with the acquisitions of 900 Walnut and 210 North Tucker in St. Louis.Karl Kuchel,
Karl Kuchel, CEO of MIP IV, said: “Netrality’s facilities represent a critical form of digital infrastructure. In addition to facilitating the operation of the public internet, the sites also allow companies to build direct private connections between networks, improving performance, reliability and security.
“We are very pleased to partner with Netrality’s experienced management team as we expand our portfolio of investments in communications infrastructure.”
Gerald Marshall, CEO of Netrality Data Centers, said: “Partnering with MIRA’s highly experienced investment team affords Netrality the opportunity to leverage their sector and institutional relationships and provide access to significant growth capital to acquire new properties and businesses that are complementary to our current portfolio.”