South Reach Networks' Acquisition by Blue Owl to Expand Fiber Infrastructure in Florida

South Reach Networks Acquired by Blue Owl Digital Infrastructure

In a significant move within the telecommunications landscape, Intermetro Fiber LLC, operating as South Reach Networks (SRN), has been acquired by Blue Owl Capital. This acquisition, officially announced on July 15, 2025, signals a strategic investment aimed at enhancing fiber optic infrastructure across Florida, particularly between Jacksonville and Miami.

Expansion Plans

SRN has built a robust fiber optic network that spans approximately 370 miles, connecting key locations and data centers along Florida's East Coast. As part of the acquisition, Blue Owl plans to inject substantial capital into SRN, fueling the development of new fiber projects and expanding its existing infrastructure. Currently, SRN's network interlinks with several data centers, colocation facilities, and cable landing stations, placing it at the forefront of fiber solutions in the region.

Scott Bergs, who is already leading Dark Fiber and Infrastructure (DFI)—a sister company of Blue Owl—will also step in as SRN's CEO. Bergs expressed enthusiasm about the acquisition, stating that SRN is positioned perfectly to meet the growing demand for fiber infrastructure. As digital communication continues to evolve, the need for reliable fiber options is increasing, particularly in densely populated areas like Florida.

SRN's Established Reputation

Founded as a premier provider of fiber solutions, SRN has carved out a reputable niche by offering essential dark fiber, colocation, and related services. These services cater not only to subsea cable providers but also to carriers and enterprise clients seeking seamless connectivity solutions. The acquisition by Blue Owl is expected to augment SRN's capabilities, allowing it to respond more adeptly to the requirements of its hyperscale customers.

In commenting on the acquisition, Mike Sevret, Chief Revenue Officer of SRN, highlighted the team's accomplishments over the years and expressed confidence in Blue Owl's vision for the future of SRN. The collaboration aims not only to boost operational efficiency but also to extend their digital footprint in the fiber market.

Blue Owl's Investment Strategy

Blue Owl Capital, which manages over $273 billion in assets, operates across a variety of investment platforms. The firm's focus on digital infrastructure reflects a broader trend toward enhancing telecommunication capabilities in growth markets. With nearly 1,200 professionals on board, the firm aims to provide innovative solutions that cater to an ever-expanding digital landscape.

Chris Jensen, the Managing Director overseeing Blue Owl’s digital infrastructure investments, emphasized Florida as a key priority for their strategy. This acquisition marks a daring step forward in solidifying Blue Owl's position within the competitive infrastructure market.

With the integration of SRN into Blue Owl's portfolio, both entities anticipate new growth opportunities, particularly as demand for high-speed internet and connected services rises across the Southeast.

In conclusion, this acquisition not only strengthens the capabilities of South Reach Networks but also positions Blue Owl as a formidable player in the telecommunications infrastructure sector. With ambitious plans for expansion, the partnership is set to redefine connectivity and pave the way for innovative solutions that respond to the needs of a digital-first world.

Learn More

For more information on South Reach Networks and their services, visit SRNetworks.net.

About Blue Owl

Blue Owl Capital is a leading asset management firm that specializes in providing alternative investment opportunities. With robust financial backing and a commitment to innovation, Blue Owl is poised to redefine the standards for the telecommunications infrastructure market.