SummitIG, which is majority owned by SDC Capital Partners, has completed the acquisition of DF&I from Blue Owl, strengthening its position as a provider of dark fiber infrastructure in the mid-Atlantic region.
The transaction adds nearly 200 miles of conduit and dark fiber assets to SummitIG’s existing network of more than 1,100 miles in Virginia, while extending its footprint by nearly 60 miles into Maryland, reaching Baltimore. The acquisition is intended to provide customers with greater route diversity, network density, and capacity to support growing cloud and AI infrastructure demand. DF&I develops and operates dark fiber and conduit infrastructure serving data centers, hyperscale cloud providers, carriers and enterprise customers across Virginia and Maryland.
Skadden, Arps, Slate, Meagher & Flom served as legal advisor to SummitIG, while Bank Street Group acted as financial advisor to DF&I and Akin Gump Strauss Hauer & Feld served as its legal advisor.