#United States #New York #Investment #DartPoints #NOVA Infrastructure

NOVA's Strategic Move Into Data Center Solutions

In a significant move to enhance its portfolio, NOVA Infrastructure, a middle-market infrastructure investment firm, announced its majority investment in DartPoints, a trusted name in secure and high-performance data center management. This partnership aims to leverage DartPoints' expertise to meet the increasing demand for data services among enterprises by expanding its infrastructure capabilities.

Accelerating Growth with Targeted Investments

The investment by NOVA includes a substantial amount of growth capital aimed at scaling DartPoints' operations. This will enable DartPoints to increase its capacity and strategically expand its footprint in the evolving digital landscape. Chris Beall, NOVA's Managing Partner, expressed his enthusiasm about collaborating with DartPoints, indicating a strong belief in the potential growth opportunities within the company's target markets. These markets are experiencing transforming demand trends thanks to the shifting digital workloads that are becoming decentralised, which presents a ripe opportunity for both companies.

DartPoints is already a strong player in the data center industry, providing vital IT services through its network of distributed facilities across several states, including South Carolina, North Carolina, Ohio, Indiana, and Louisiana. Serving over 900 enterprise clients, such as prominent universities and Fortune 500 companies, they are well positioned to leverage this new capital to enhance their offerings. The investment will help accelerate expansion plans, focusing on ownership of strategic facilities, which will include their locations in Greenville, SC, Baton Rouge, LA, and Asheville, NC.

A New Era of Data Center Management

Scott Willis, CEO of DartPoints, emphasized the significance of this investment, stating that it's a launchpad for a new growth phase that prioritizes operational control and infrastructure ownership. According to Willis, the transaction aptly aligns with DartPoints’ vision of providing Tier 2 and Tier 3 markets with the same digital resources that Tier 1 metros enjoy. As reliance on data-intensive operations grows across various sectors, the demand for scalable, secure infrastructure is paramount, and DartPoints seeks to meet this demand by bringing solutions closer to where they are needed.

The collaboration with NOVA does not just inject capital; it signifies a commitment to innovation within the data center domain. The integration of ownership and operational strategy is expected to enhance the service capacity offered to enterprise customers significantly, thus positioning DartPoints to become a leader in the increasingly competitive market.

Supporting Long-term Growth Strategy

This latest development also reflects confidence from existing partners. Astra Capital Management retains a minority stake in DartPoints, indicating their commitment to the long-term growth vision laid out for the company. Additionally, Orion Infrastructure Capital has contributed as both a lender and investment partner, backing this initiative with a senior secured credit facility and minority equity interest, totaling over $250 million in commitments alongside NOVA.

The transaction is not just about immediate growth; it encapsulates a broader strategy aimed at tackling the industry's evolving challenges and seizing the opportunities in distributed data center needs. As the digital landscape continues to evolve, companies that pivot swiftly and strategically will likely lead the charge in providing essential services across various sectors.

Conclusion

DartPoints' exceptional track record combined with NOVA Infrastructure's substantial investment marks an exciting chapter for both firms. As they embark on this strategic journey together, stakeholders should anticipate innovative solutions and an enriched service landscape that is geared toward meeting the increasing demands of a digitized economy. With shared goals and vision, NOVA and DartPoints are set to redefine the foundations of data center capabilities in the coming years.