Turning Rock Partners Completes Strategic Sale of South Reach Networks
Date: July 15, 2025
Location: New York
Turning Rock Partners (TRP) has recently announced the completion of a control buyout transaction involving South Reach Networks (SRN), a prominent provider of telecommunications services including hybrid fiber, colocation, and transport offerings. This acquisition was made by a fund managed by Blue Owl Capital, specifically under their Digital Infrastructure strategy.
South Reach Networks: A Rapidly Growing Provider
For several years, South Reach Networks has expanded its operations organically, while also enhancing its portfolio through strategic acquisitions. The management team, currently led by Michael Sevret, Jason Cohen, and Eileen Bonasia, played a crucial role in driving the company’s growth through customer expansion and targeted acquisitions.
John Hamilton, COO of Turning Rock, highlighted the exceptional job done by the management team, stating, “They have built an outstanding business that has thrived by both leveraging existing customer relationships and strategically acquiring complementary businesses.” This growth trajectory has positioned South Reach as a strong player in the telecommunications field, especially in the Southeast region.
Blue Owl Capital's Vision for Expansion
Chris Jensen, Managing Director at Blue Owl Capital and leader of their fiber investment strategy, expressed excitement over the acquisition. “We are eager to support South Reach Networks as they expand their operations across Florida. The Southeast is a priority area for our hyperscale customers, and we intend to utilize the company's strong market position to facilitate further growth in the region,” he noted.
Anticipated Success Under New Ownership
John Hamilton also stated that SRN holds significant potential for growth across various markets, emphasizing the belief in the company's promising future under Blue Owl's ownership. The transaction was facilitated with sound advice from multiple financial and legal advisors, ensuring that both parties achieved favorable outcomes.
About Turning Rock Partners
Turning Rock Partners is a private investment firm that focuses on creating unique capital structures for lower middle-market companies across North America. They specialize in a variety of financing solutions tailored for the private market landscape. Potential stakeholders can explore further information on their official website:
Turning Rock Partners.
About South Reach Networks
Based in Florida, South Reach Networks is known for constructing, owning, and operating an extensive Metro Long-Haul Fiber Optic Network. This network covers more than 370 miles along the East Coast of Florida, providing customers with crucial connectivity to a variety of carriers, enterprise solutions, and wireless services. More information about South Reach can be found on their website:
South Reach Networks.
About Blue Owl Capital
Blue Owl (NYSE: OWL) operates as a leading asset manager that specializes in alternative investments, maintaining over $273 billion in assets under management as of March 31, 2025. The firm’s investment strategies include credit, real assets, and GP strategic capital, designed to support long-term business growth and provide investors with robust alternatives for performance and capital preservation. Visit
Blue Owl for more insights about their investment approach.
This strategic transaction reflects the ongoing evolution in telecommunications infrastructure and highlights the growing demand for advanced connectivity solutions across the Southeast, particularly in rapidly developing regions such as Florida.