GRAND
RAPIDS, Mich., Sept. 3,
2024 /PRNewswire/ -- US Signal Company, LLC (US
Signal), a leading digital infrastructure provider and portfolio
company of Igneo Infrastructure Partners, has completed its
acquisition of OneNeck IT Solutions LLC and OneNeck Data Center
Holdings LLC (OneNeck) from Telephone and Data Systems, Inc. (NYSE:
TDS), a provider of wireless, broadband, video, voice, hosted and
managed services to U.S. businesses.
Headquartered in Madison,
Wisconsin, OneNeck provides secure hybrid IT and multi-cloud
solutions through data centers in six Western and Midwestern
states. Serving more than 1,000 customers across 45 states, OneNeck
caters to sectors including banking, education, engineering, food
and beverage, government, healthcare, manufacturing, and
retail.
Grand Rapids, Michigan-based US
Signal provides data center colocation, connectivity, cloud
hosting, data protection, and disaster recovery services to
regional enterprise customers and large national telecommunications
carriers. It operates a 9,500-route mile fiber network and has 10
data centers across Michigan,
Illinois, Indiana and Wisconsin.
The acquisition:
- Increases the number of US Signal data centers from 10 to 16,
quadrupling square footage
- Extends US Signal's footprint to the West Coast with the
addition of Phoenix, Arizona;
Denver, Colorado; and Bend, Oregon data centers
- Adds OneNeck's Madison,
Wisconsin; Minneapolis,
Minnesota; and Des Moines,
Iowa markets to US Signal's fiber network, and
- More than triples commercial power under management
"We welcome our new colleagues to the US Signal team," said
Daniel Watts, CEO. "Together, we
will provide customers with more capabilities to serve their
evolving needs while maintaining our combined culture of client
service excellence."
US Signal was advised by the law firm of Mayer Brown. Its
financial advisor was DC Advisory, and Texas Capital Securities
served as the Exclusive Placement Agent.
About US Signal
US Signal, founded in 2001, is a leading digital infrastructure
provider, offering connectivity, cloud hosting, colocation, data
protection, and disaster recovery services powered by its wholly
owned and operated robust fiber network. US Signal also helps
customers optimize their IT resources through the provision of
managed and professional services. For more information,
visit www.ussignal.com.
About Igneo Infrastructure Partners
Igneo is an autonomous investment team in the First Sentier
Investors Group. It invests in high-quality, mature, mid-market
infrastructure companies in renewables, digital infrastructure,
waste management, water utilities and transportation/logistics
sectors in North America, the UK,
Europe, Australia and New
Zealand. Operating since 1994, the team works closely with
portfolio companies to create long-term sustainable value through
innovation, a focus on responsible investment and proactive asset
management. As of June 30, 2024,
Igneo managed more than $19.2 billion
in assets for 200 investors around the world. For more information,
visit igneoip.com.
Media inquiries
BNO:
Sheri Wachenheim
E: swachenheim@bnoinc.com
T: +1 973-670-5413
Newton Park PR:
Margaret Kirch Cohen
E: margaret@newtonparkpr.com
T: +1 847-507-2229
Important information
This press release is intended for information only, aimed
solely at the media and should not be further distributed to
individual and/or corporate investors, and financial advisers
and/or distributors. The information included within this document
and any supplemental documentation provided should not be copied,
reproduced or redistributed without the prior written consent of US
Signal.
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SOURCE US Signal
