GI Partners: GI Partners acquires fiber firm DQE Communications

May 06, 2024 | Posted by Abdul-Rahman Oladimeji

Investment firm GI Partners this week announced the closing of the acquisition of Pennsylvanian regional fiber firm DQE Communications from DQE’s parent company, Pittsburgh-based Duquesne Light Holdings Inc. The company has also appointed Michael T. Sicoli as CEO of the company, effective immediately. 

“Mike is a seasoned and accomplished leader in the digital infrastructure sector. His proven track record of driving transformational growth, scaling operations, and building a culture of excellence is a perfect fit for DQE’s next stage of growth. We look forward to working with him and the entire DQE team,” said Brendan Scollans, managing director and co-head of GI Data Infrastructure.

“I am excited to join DQE as CEO,” added Sicoli. “DQE is a business with strong foundations, thanks to its robust network, loyal customer base, strong reputation, and most importantly, dedicated employees. I look forward to partnering with the DQE team and GI Partners to serve our customers, accelerate DQE’s growth, and drive operational excellence.”