LightEdge acquired by private investment firm GI Partners

LightEdge, a Des Moines based provider of colocation, cloud and managed service solutions, announced today that it has been acquired by private investment firm GI Partners.

Founded in 2001, GI Partners is a private investment firm with over 100 employees based in San Francisco, California with offices in New York, Chicago, Greenwich, CT, and Scottsdale, AZ. GI Partners is acquiring LightEdge through its GI Data Infrastructure Fund which was launched last year and manages over $1.8 billion of capital commitments.

“I am very proud of what we accomplished together with our owners, The Anschutz Corporation, over the years. We never took our eye off the vision for this company and Anschutz supported us the entire journey. We got to know the GI Partners organization over the last year, and I believe we found the perfect investment partner to help take our company to the next level,” said Jim Masterson, CEO of LightEdge in a release.

LightEdge operates seven data centers in Des Moines, Kansas City, Omaha, Austin and Raleigh and has been majority-owned by The Anschutz Corporation since 2008.

“Over the last several years, LightEdge has emerged as a leading platform for colocation and cloud and managed services, particularly in the Midwest region. The Company has a proven model for delivering excellent service to enterprise customers in an increasingly complex hybrid-cloud world.  We look forward to partnering with Jim and the LightEdge team to realize their vision for growth in the business,” said Mark Prybutok, Managing Director of GI Partners.

Previous coverage

LightEdge opens a second data center, now needs a deep talent pool -Sept. 28, 2017