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Carlyle to buy data center business Involta

Under the new management, Involta is set to expand its data centre footprint from 12 facilities mainly located in the Midwest US to farther afield across the country.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

December 22, 2021 | 8:04 PM GMT

Carlyle to buy data center business Involta

Joshua Pang, Head of Digital Infrastructure for Carlyle’s Infrastructure Group. Source: Carlyle

Global investment firm The Carlyle Group (NASDAQ: CG) said that funds managed by Carlyle have agreed to acquire Involta from M/C Partners.

Involta is a data center company focused on hybrid IT and cloud infrastructure, including data centre colocation, hybrid cloud, edge, fibre, and related products.

Exterior of Involta’s data centre in Akron, Ohio. Source: Involta

The company owns and operates 12 data centre facilities in Arizona, Idaho, Iowa, Minnesota, Ohio, and Pennsylvania, and an in-house 12,000+ fibre-mile network.

The transaction is expected to close in the first quarter of 2022 and is subject to the satisfaction of customary closing conditions. Financial details were not disclosed.

Under the deal, Carlyle’s capital, resources, and expertise will be utilised to expand Involta’s operations, which today are located primarily in the Midwest as well as the Pacific Northwest and Southwestern US.

Joshua Pang, Head of Digital Infrastructure for Carlyle’s Infrastructure Group, said: “Involta has built a world-class platform with a demonstrated operating model for delivering high-quality service to customers in an increasingly complex, hybrid cloud-based world.

“We see significant opportunity for growth given the long-term secular demand drivers of data proliferation, digital connectivity, and the digitization of enterprise and institutional operating models. We look forward to a strong, long-term partnership and to leveraging Carlyle’s scale, resources, and access to capital to drive sustainable growth at Involta.”

Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group, added: “This investment is consistent with our strategy of partnering with best-in-class businesses positioned for continued growth in the digital infrastructure space.

“Digital infrastructure is a key sector focus for our platform and we will continue to grow our portfolio with both high growth opportunities as well as stabilized assets.”


Involta’s infrastructure footprint. Source: Involta

Also commenting, Bruce Lehrman, Founder and CEO of Involta, said: “We are thrilled to work with Carlyle’s proven investment team as we build on our national market leadership and support our customers’ growing digital infrastructure requirements.

“We see many logical opportunities to continue expanding Involta’s footprint and infrastructure, and look forward to leveraging Carlyle’s global resources and deep expertise to further accelerate our growth momentum.”

Greenberg Traurig LLP, Bank Street Group, and TD Securities advised on this transaction.

The acquisition supports Carlyle’s growth in infrastructure investing, which includes investments in infrastructure companies supporting the digital economy.

Earlier this year, Carlyle acquired Wyyerd Group, a regional fibre-to-home platform in the Southwestern US, and recently completed an add-on fibre acquisition for that platform in December 2021.

Carlyle has US$293 billion of assets under management as of September 30, 2021 and employs more than 1,800 staff in 26 offices across five continents.

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João Marques Lima

Founder and Editor, The Tech Capital

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