Radnor, PA – September 7, 2017 – NewSpring (“the Firm”), a family of private equity funds providing growth and expansion capital, announced today that NewSpring Mezzanine (“NewSpring”), the Firm’s dedicated mezzanine fund, has invested in Atlantic Metro (“the Company”). Proceeds from the transaction will be used to help refinance the Company’s existing debt and support its future growth initiatives.
Founded in 2007, Atlantic Metro is an Infrastructure-as-a-Service (“IaaS”) provider offering a broad suite of solutions including cloud hosting, secure data center colocation and network connectivity. Atlantic Metro has a nationwide network infrastructure with the ability to rapidly deploy and manage customers, both in the U.S. and Internationally.
“With an increasing demand for complex and integrated IT infrastructure solutions, there is tremendous market opportunity for Atlantic Metro as a leading, single-source provider with an impressive track record,” said Anne Vasquez, NewSpring Partner. “We look forward to working with CEO, Matthew Lombardi, and the Atlantic Metro team to further capitalize on their already significant growth.”
“We are thrilled to begin this partnership with NewSpring Capital,” commented Matt Lombardi. “This opportunity provides us with the resources to expand our market presence and for potential new acquisitions to compliment and expand our core IT Infrastructure solutions.”
As part of this transaction, Anne Vazquez will participate on the Atlantic Metro Board of Directors. Q Advisors LLC acted as exclusive financial advisor to Atlantic Metro.