Igneo Infrastructure Partners, a global infrastructure investment manager, has purchased U.S. Signal, a data center and network services provider. The transaction is expected to close in the fourth quarter of 2022.

U.S. Signal provides network, data center, connectivity, cloud hosting, colocation, data protection, and disaster recovery services to regional enterprise customers and national telecommunications carriers. The deal with U.S. Signal is Igneo’s first investment in the U.S. telecommunications sector and fourth asset in North America.

“Over the past two decades, US Signal has built an outstanding reputation for its client service and responsiveness, attracting customers in the healthcare, finance and telecommunications sectors that require a high degree of data security and reliability,” says John Ma, partner and co-head of Igneo in North America. “We believe US Signal has substantial growth opportunities and is a great fit for our investment portfolio, which focuses on high-quality, mid-market, core infrastructure businesses and geographic and sector diversification.”

US Signal was advised by Bank Street and Dickinson Wright. Igneo was advised by KeyBanc Capital Markets and Mayer Brown.