Greenville’s Immedion will be acquired by Dallas-headquartered DartPoints, owner and operator of edge colocation data centers.
The two companies announced Tuesday that an agreement was signed to make the sale complete in the next few months.
Immedion provides colocation, cloud, and managed services with eight data centers in seven markets in South Carolina, North Carolina, Ohio and Indiana. In addition to the Greenville headquarters, the company has offices in Charleston, Columbia and Spartanburg. Those locations will be called DartPoints when the sale is complete, according to a company spokesperson.
The two companies said in a news release that the acquisition propels DartPoints’ vision and capabilities to carry edge interconnection colocation and data centers further into tier 2 and tier 3 markets. The acquisition of Immedion will more than double DartPoint’s edge interconnection colocation data center footprint, expanding the company’s solutions to more than six states.
“We are excited about the combined opportunities Immedion’s colocation facilities bring to DartPoints,” Scott Willis, DartPoints CEO, said in the news release. “We value the enterprise customers that rely on Immedion’s cloud and managed services platforms and look forward to enhancing capabilities in the future. The team at Immedion has built a great company, and we will continue their commitment of ensuring a customer-first approach while adding service offerings across their entire footprint.”
Immedion founder and CEO Frank Mobley said the deal is good for both companies.
“We are proud of the company we’ve become over the past 14 years and look forward to creating more value and opportunities for our customers,” Mobley said in the release. “Our commitment to delivering best-in-class solutions remains steadfast, and I firmly believe that DartPoints’ mission to enhance connectivity nationally adds value to our existing capabilities. We look forward to enabling our customers with more services and locations, while embarking on a better digital future, together.”
In 2020, DartPoints received investment funding from Astra Capital Management, initiating a plan to expand its edge interconnection solutions to underserved markets.
“We are excited to support this transformational acquisition,” Brian Kirschbaum, partner at Astra Capital Management, said in the release. “DartPoints is on a mission to provide high performance and cost-effective edge data center solutions to solve the needs of thriving local markets throughout the United States. This transaction will allow DartPoints to continue to improve interconnection options for its customers and allow for the migration of mission-critical workloads closer to end users.”
Bank Street served as the financial advisor to Immedion in connection for the transaction.