Turning Rock Partners Announces the Sale of South Reach Networks
Blue Owl Capital (NYSE:OWL) has acquired South Reach Networks (SRN) through its Digital Infrastructure strategy from Turning Rock Partners. SRN is a leading provider of hybrid fiber, colocation, and transport services serving carrier, content, and enterprise customers.
Under the previous ownership, SRN expanded its colocation and fiber footprint through both organic growth and acquisitions. The company's management team, led by Michael Sevret, Jason Cohen, and Eileen Bonasia, will continue operating the business as Blue Owl aims to further expand SRN's presence across the Southeast region, particularly in Florida.
Blue Owl Capital (NYSE:OWL) ha acquisito South Reach Networks (SRN) tramite la sua strategia di Infrastruttura Digitale da Turning Rock Partners. SRN 猫 un fornitore leader di servizi ibridi in fibra, colocation e trasporto rivolti a clienti carrier, content e enterprise.
Sotto la precedente propriet脿, SRN ha ampliato la sua presenza nel settore della colocation e della fibra sia attraverso la crescita organica che tramite acquisizioni. Il team di gestione dell'azienda, guidato da Michael Sevret, Jason Cohen ed Eileen Bonasia, continuer脿 a gestire l'attivit脿 mentre Blue Owl punta a espandere ulteriormente la presenza di SRN nella regione sudorientale, in particolare in Florida.
Blue Owl Capital (NYSE:OWL) ha adquirido South Reach Networks (SRN) a trav茅s de su estrategia de Infraestructura Digital de Turning Rock Partners. SRN es un proveedor l铆der de servicios h铆bridos de fibra, colocaci贸n y transporte que atiende a clientes carriers, de contenido y empresariales.
Bajo la propiedad anterior, SRN ampli贸 su presencia en colocaci贸n y fibra tanto mediante crecimiento org谩nico como adquisiciones. El equipo directivo de la empresa, liderado por Michael Sevret, Jason Cohen y Eileen Bonasia, continuar谩 operando el negocio mientras Blue Owl busca expandir a煤n m谩s la presencia de SRN en la regi贸n sureste, especialmente en Florida.
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Blue Owl Capital (NYSE:OWL) a acquis South Reach Networks (SRN) dans le cadre de sa strat茅gie d'infrastructure num茅rique aupr猫s de Turning Rock Partners. SRN est un fournisseur de premier plan de services hybrides de fibre, de colocation et de transport au service des clients op茅rateurs, contenus et entreprises.
Sous la pr茅c茅dente direction, SRN a 茅tendu sa pr茅sence en colocation et fibre 脿 la fois par croissance organique et acquisitions. L'茅quipe de direction, dirig茅e par Michael Sevret, Jason Cohen et Eileen Bonasia, continuera d'op茅rer l'entreprise tandis que Blue Owl vise 脿 茅tendre davantage la pr茅sence de SRN dans la r茅gion du Sud-Est, en particulier en Floride.
Blue Owl Capital (NYSE:OWL) hat South Reach Networks (SRN) im Rahmen seiner Digital Infrastructure-Strategie von Turning Rock Partners 眉bernommen. SRN ist ein f眉hrender Anbieter von hybriden Glasfaser-, Colocation- und Transportdiensten f眉r Carrier-, Content- und Unternehmenskunden.
Unter der vorherigen Eigent眉merschaft hat SRN seine Colocation- und Glasfaserpr盲senz sowohl durch organisches Wachstum als auch durch Akquisitionen erweitert. Das Managementteam des Unternehmens, angef眉hrt von Michael Sevret, Jason Cohen und Eileen Bonasia, wird das Gesch盲ft weiterhin f眉hren, w盲hrend Blue Owl die Pr盲senz von SRN in der S眉dostregion, insbesondere in Florida, weiter ausbauen m枚chte.
- Strategic acquisition expanding Blue Owl's digital infrastructure presence in the Southeast
- Established customer base including hyperscale clients
- Strong management team continuing with the business
- Growth potential in expanding markets
- Financial terms of the acquisition not disclosed
- Integration and expansion costs may impact short-term performance
Over the last several years, South Reach Networks grew its colocation and fiber footprint organically and through acquisition. "The existing management of the company led by Michael Sevret, Jason Cohen and Eileen Bonasia built an exceptional business and drove growth through both organic customer expansion and select strategic acquisitions," said John Hamilton, COO of Turning Rock. 聽
Chris Jensen, Managing Director, Digital Infrastructure at Blue Owl, who leads the firm's fiber investments added, "We are excited to support South Reach Networks in its expansion across
Turning Rock Partners was advised by Winston & Strawn LLP. Bank Street Group LLC provided advisory services to South Reach Networks. Bennett Thrasher provided sell side accounting advisory support. BDO provided accounting and audit advisory services. JP Morgan provided banking services.
About Turning Rock Partners
Turning Rock Partners pursues debt, equity and hybrid investments in lower-middle market businesses in
About South Reach Networks
South Reach Networks is an established,
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives 庐. With over
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SOURCE Turning Rock Partners
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