Carlyle Closes on Involta Acquisition
CEDAR RAPIDS, Iowa — Funds managed by global investment firm Carlyle completed an acquisition of Involta, an industry-leading hybrid IT, cloud computing and data center services company, the company announced Tuesday.
The acquisition secures financing for rapid growth trajectory, edge services and high-quality customer service, according to the company release. Involta owns and operates 12 data centers and an in-house 12,000-plus fiber-mile network.
Carlyle’s capital, resources and expertise will help expand Involta’s operations, which are primarily located in the Midwest, as well as the Pacific Northwest and Southwestern U.S., according to a press release.
“The investment positions us to build on our national market leadership while remaining committed to our customers in our current markets,” states Bruce Lehrman, Involta founder and CEO. “We look forward to leveraging additional capital to strengthen and expand our data center and solution portfolio to support the growing digital infrastructure requirements of enterprise businesses across the country.”
Involta provides managed services, cloud-based platforms and expertise to customers in a number of industries, including health care, manufacturing and financial services.
“Involta’s world-class platform, high-quality service, industry-leading NPS score, and company culture position the company for strong growth,” said Joshua Pang, head of digital infrastructure for Carlyle’s Infrastructure Group. “We are excited to support Involta’s innovative team with Carlyle’s scale, resources, and access to capital as they help businesses navigate today’s complex hybrid cloud and edge-related challenges.”
Published by The Business Journal, Youngstown, Ohio.