Private investment firm GI Partners has sold Interconnection and collocation firm The Telx Group Inc. to ABRY Partners and Berkshire Partners LLC, another pair of investment firms. Terms of the deal were not disclosed.
Telx operates 15 network-neutral interconnection facilities spread across the United States. It boasts more than 900 customers with approximately 34,000 interconnections, according to GI, which acquired the firm in 2006.
Howard Park, a managing director of GI Partners, said, "We are pleased with the performance of Telx under our ownership and the gains we and the management team have achieved. We believe that under the ownership of Berkshire and ABRY, both of whom have experience investing in this sector, the company will continue to grow within its existing facilities and selectively identify domestic and international expansion opportunities."
ABRY in particular has invested in optical networking companies, such as Allied Fiber (see “Allied Fiber lines up funding for first phase of nationwide, carrier-neutral dark fiber network”) and Sidera Networks, formerly RCN (see “RCN Metro Optical Networks re-launches as Sidera Networks”).
Eric Shepcaro, Telx CEO, said, "Joining forces with Berkshire and ABRY allows us with continued opportunity to work closely with our partners to deliver interconnection product and data center services to meet the increased volumes of data and voice traffic. For our customers there will be no changes and they will receive the same excellent service they have come to expect."