DQE Communications To Be acquired by GI Partners. Pittsburgh-based Duquesne Light Holdings Inc. (“DLH”). The transaction provides DQE with additional resources to expand as it continues to provide best-in-class connectivity services as a standalone fiber infrastructure provider.
Formed in 1997 as a subsidiary of DLH, DQE Communications has extended its geographic reach beyond its core Pittsburgh footprint and evolved into the region’s largest independent fiber provider offering a full suite of infrastructure-oriented communication services.
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The transaction will bolster DQE’s expansion of its fiber network operations in order to capitalize on the growing demand for high-capacity, carrier-class bandwidth services by the company’s customers in the enterprise, carrier, wireless, education, municipal and government sectors.
Brendan Scollans, Managing Director and Co-Head of GI Data Infrastructure said, “We are excited to partner with the DQE team, which has built the region’s most advanced carrier-grade, secure and reliable network serving preeminent enterprise and carrier customers, Since its inception, DQE has been dedicated to deploying best-in-class network infrastructure, and we look forward to working with the DQE team to grow the platform in the years ahead.”
Jim Morozzi, CEO of DQE Communications said, “This is a great opportunity for DQE. The investment by GI Partners uniquely positions DQE as a scaled and trusted strategic network provider,” GI Partners is an experienced and knowledgeable investor in digital infrastructure, and we look forward to partnering with them to accelerate our network solutions and geographic reach while remaining fully committed to delivering exceptional service that our customers have come to expect from us for over 25 years.”
Kevin Walker, president and CEO, Duquesne Light Holdings said, “We are proud of DQE’s growth in recent years and see this sale as an important next step in their future. We are committed to continuing our investment into the growth of the DQE Communications business leading up to close. Once the transaction is complete, we plan to reinvest proceeds from the sale back into Duquesne Light Company and its affiliate, The Efficiency Network (TEN),”.
About DQE Communications
Headquartered in Pittsburgh, Pennsylvania, DQE Communications is a leading regional provider of high-speed, data networking for businesses and carriers. The Company’s continually expanding fiber-optic network currently spans thousands of miles, 3,000+ on-net buildings and 125 business parks. DQE Communications offers a robust portfolio of Internet and Data Network Solutions.
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About GI Data Infrastructure
GI Data Infrastructure is a sector-focused investment strategy of GI Partners. Founded in 2001, GI Partners is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $42 billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies.
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