GI Partners acquires Hawaii data centre company DR Fortress
Private investment firm GI Partners has announced the acquisition of a majority interest in data centre operator DR Fortress.
The investment company revealed that the acquisition is in partnership with the company’s management team, including President, Fred Rodi and CFO Rosa White, who are both co-founders.
Both companies did not disclose the financial details of the acquisition.
The Hawaii based data centre operator was founded in 2001, and provides mission critical services in support of the Hawaii economy and trans-Pacific data networks.
DR Fortress offers carrier-neutral connectivity, colocation, and related data centre services, and also houses the densest concentration of IP carriers. It is the only commercial internet exchange hub in Hawaii.
“Our partnership with the GI’s data infrastructure team will greatly accelerate the timeline to help us make Hawaii a major digital hub in the Pacific,” said DR Fortress President Fred Rodi.
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“We are working on multiple projects that will support the development of the technology economy in Hawaii, as well as the broader Pacific region.”
GI Partners’ investment will help DR Fortress accelerate growth and increase resiliency, while maintaining the company’s focus on excellent service quality and local engagement, according to the investment firm.
“DR Fortress provides truly essential infrastructure for the State of Hawaii, which is a unique IT ecosystem,” said Mark Prybutok, Managing Director of GI Data Infrastructure.
Paul Hastings LLP acted as legal counsel to GI Partners. Layer 7 Capital provided financial advice, and McCorriston Miller Mukai MacKinnon LLP provided legal advice to DR Fortress.
“We have an exciting opportunity, in partnership with Fred and Rosa and their team, to continue delivering world-class service to businesses serving Hawaii, and expand relationships with the largest and most important global cloud and content providers,” said Steve Smith, Managing Director of GI Data Infrastructure.
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