Investment firm Lafayette Square served as a financial partner to data center provider DartPoints to help fund its acquisition of Venyu which went through in May 2023.
DartPoints acquired the Louisiana-based operator last month, adding three data centers to its portfolio and bringing the company’s total to 11 data centers operated across the US comprising over 325,000 sq ft (30,190 sqm) and 20MW of capacity.
The financial terms of that acquisition were not shared, nor has Lafayette Square said how much it invested in the deal.
“This financing supported the continued success and expansion of our business,” said Scott Willis, CEO, DartPoints. “It is clear that the team at Lafayette Square understands our mission and our growth potential as we continue to address the growing need for data center infrastructure and cloud services in mid-size edge markets across the U.S.”
“DartPoints’ focus on serving the needs of customers and end-users in mid-size edge markets is well-aligned with Lafayette Square’s theory of change,” said Aquil Stinson, director, Lafayette Square. “We look forward to supporting the team’s vision and future growth plans.”
Alongside the undisclosed amount of capital, Lafayette Square will also provide access to its Worker Solutions platform which helps companies to improve employee retention, well-being, and productivity by connecting management teams to third-party providers.
Lafayette Square invests in middle-market companies with an annual revenue of between $10 million and $1 billion, and focuses on those located outside of high-income locations.
Texas-based DartPoints was founded in 2012 and provides colocation, cloud, cybersecurity and managed services to enterprises, carriers, cloud, and content providers, specializing in Edge data centers.
