NewSpring, a family of private equity funds providing growth and expansion capital, announced that NewSpring Mezzanine, the Firm’s dedicated mezzanine fund, has invested in Atlantic Metro. 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 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.
About Atlantic Metro
Atlantic Metro is a Managed IT Infrastructure Service Provider, delivering cloud computing, secure data center colocation and nationwide network connectivity. Recently recognized by the Silicon Valley Review as one of 2017’s fastest growing cloud providers with a growing customer base worldwide, businesses choose Atlantic Metro for the confidence that comes with customer-focused infrastructure solutions. Atlantic Metro’s visionary team of IT professionals strives to foster long-standing relationships and is dedicated to empowering the growth and success of its customers. For more information, visit www.atlanticmetro.net.
About NewSpring
Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. We manage approximately $1.6 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. When we invest, we bring a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. We partner with management teams to help develop their businesses into market leaders. We identify opportunities and build relationships using our network of industry leaders and influencers across a wide array of operational areas and industries. Visit us at www.newspringcapital.com.