US Signal expands data center footprint with OneNeck acquisition
MICHIGAN, UNITED STATES — Digital infrastructure provider and IT outsourcing company US Signal has announced its plans to acquire OneNeck IT Solutions and OneNeck Data Center Holdings.
The acquisition, expected to close in Q3 2024, will significantly expand US Signal’s data center footprint and IT infrastructure network in the United States.
No financial terms were disclosed for the transaction, which is subject to customary closing conditions.
Boosting data center capacity and reach of US Signal
OneNeck provides secure hybrid IT and multi-cloud solutions through data centers in six Western and Midwestern states, serving over 1,000 customers across 45 states in sectors like banking, education, engineering, food, beverage, government, healthcare, manufacturing, and retail.
“We were attracted to OneNeck for a host of reasons, with our shared culture of customer service excellence at the top of the list,” said Daniel Watts, CEO of US Signal.
“OneNeck is also a product innovator with deep knowledge of numerous industries. Together, we will provide our customers with greater scale and technical capabilities.”
We’re thrilled to announce that OneNeck IT Solutions is set to be acquired by US Signal, a leading digital infrastructure provider and portfolio company of Igneo Infrastructure Partners. Together, we’ll offer enhanced services and expanded capabilities! https://t.co/coL3rnAQJL pic.twitter.com/I63tHNvqO9
— OneNeck IT Solutions (@OneNeck_IT) June 3, 2024
The deal will increase US Signal’s data centers from nine to 15, quadrupling its square footage. It will also extend the company’s footprint to the West Coast with the addition of data centers in Phoenix, Arizona; Denver, Colorado; and Bend, Oregon.
Furthermore, it will add OneNeck’s markets in Madison, Wisconsin; Minneapolis, Minnesota; and Des Moines, Iowa to US Signal’s fiber network, more than tripling its commercial power under management.
“US Signal is well known for putting its customers first and supporting their rapidly evolving needs,” said Ted Wiessing, CEO of OneNeck.
“OneNeck’s customers will benefit greatly from our combined capabilities and US Signal’s commitment to invest in growth.”
Fueling expansion in U.S. middle market
Michael Ryder, US Signal board chair and co-head of Igneo Infrastructure Partners, which owns US Signal, sees the acquisition as “an important step toward fulfilling the company’s expansion plans in the U.S. middle market.”
OneNeck specializes in managed services, professional IT services, and cloud solutions, operating data centers across seven states.
US Signal offers a comprehensive suite of IT solutions, including connectivity, cloud hosting, and disaster recovery, backed by its extensive fiber network. It provides a variety of IT outsourcing services to help companies simplify data migrations, optimize processes, improve infrastructure performance, and more.
Igneo Infrastructure Partners, US Signal’s parent company and part of the First Sentier Investors Group, manages over $19.5 billion in assets, focusing on mid-market infrastructure investments across various sectors.
