US Signal: Data Center Company US Signal Has Been Bought by Igneo Infrastructure Partners

Feb 23, 2023 | Posted by Abdul-Rahman Oladimeji

Data center and network services company US Signal has been fully acquired by investment firm Igneo Infrastructure Partners. The investment, which was initially disclosed in September 2022, is Igneo's first in the US telecommunications and digital infrastructure industry. In light of the transaction, neither firm has specified any anticipated changes to the business. Eight data centers are located around the mid-west, and US Signal is in Grand Rapids, Michigan. The firm provides services from various locations, including cloud, colocation, and connection. Igneo would also acquire US Signal's 9,500-mile fiber network as part of the transaction. 

According to US Signal's president, Paul Van Hyfte, they are delighted to collaborate with Igneo to support their stated objectives, which include spending money on and expanding their data centers and fiber network, all while continuing to offer their clients the best possible service. Igneo is a member of First Sentier Stakeholders. The company managed $16.5 billion in mid-market infrastructure assets in Europe, North America, Australia, as well as New Zealand as of December 2022. Igneo invested in Tuatahi First Fibre, a New Zealand-based provider of telecom services, in 2020. 

Igneo enters 2023 with good momentum, according to Michael Ryder, a partner, and co-president of Igneo in North America. They are thrilled to include US Signal in their expanding portfolio in North America, where the market for digital infrastructure continues to enjoy strong tailwinds. 
Their third international investment in the digital industry is this one. They concentrate on top-tier, mid-market critical infrastructure companies like US Signal. Igneo was counseled in the transaction by KeyBanc Capital Markets and Mayer Brown, while US Signal was advised by Bank Street and Dicker Wright.