GI Partners has acquired a controlling interest in Des Moines, Iowa-based LightEdge, a provider of colocation, cloud and managed service technology.
GI Partners has invested in infrastructure companies and properties underpinning the digital economy for 20 years. GI Partners is acquiring LightEdge through its GI Data Infrastructure Fund which was launched in 2020 and manages $1.8 billion of capital commitments.
“Over the last several years, LightEdge has emerged as a leading platform for colocation and cloud and managed services, particularly in the Midwest region,” said Mark Prybutok, managing director of GI Partners. “The company has a proven model for delivering excellent service to enterprise customers in an increasingly complex hybrid-cloud world.”
LightEdge operates seven data centers in Des Moines, Kansas City, Omaha, Austin and Raleigh. LightEdge has been majority-owned by The Anschutz Corp. since 2008.
Paul Hastings acted as legal counsel to GI Partners. Bank Street Group LLC acted as exclusive financial advisor to LightEdge and Anschutz, and Hogan Lovells acted as legal counsel.