Intermetro Fiber, operating as South Reach Networks (SRN), a leading Florida-based fiber infrastructure provider, has been acquired by a fund managed by Blue Owl Capital’s Digital Infrastructure strategy.
SRN operates a 370-mile fiber optic network connecting Jacksonville to Miami, along with five colocation edge facilities. It serves 40 data centers, colocation facilities, and cable landing stations, providing essential connectivity throughout the state of Florida. Blue Owl plans to invest significantly in SRN to expand its network capabilities.
Following the acquisition, Scott Bergs, CEO of Dark Fiber and Infrastructure (DF&I), will also become CEO of SRN. This is expected to enhance Blue Owl’s fiber capabilities and meet the growing needs of hyperscale and enterprise customers.
Advisors/counsel/support: Akin Gump Strauss Hauer & Feld served as legal advisor to Blue Owl. Winston & Strawn served as legal advisor, and Bank Street Group was the exclusive financial advisor to Turning Rock Partners and South Reach Networks.
KEY QUOTES:
“South Reach Networks has established itself as the premier communications infrastructure provider in Florida, delivering critical dark fiber, colocation and related services to subsea cable providers and users, data centers, carriers and other private network operators. With Blue Owl, we will scale the business to meet the ever-growing need for more fiber from Jacksonville to Miami and beyond.”
Scott Bergs, the current CEO of Dark Fiber and Infrastructure (DF&I), another Blue Owl portfolio company
“I am incredibly proud of our team and what we all have accomplished at South Reach Networks over the years. With the new ownership, support, and vision of Blue Owl and the leadership team. I am truly excited for this next chapter and ready to expand and grow our digital footprint.”
Mike Sevret, CRO of South Reach Networks
“We are excited to support South Reach Networks in its expansion across Florida. The Southeast is a priority region for our hyperscale customers, and we look forward to further leveraging the strength of the business to expand across the region.”
Chris Jensen, Managing Director, Digital Infrastructure at Blue Owl, who leads the firm’s fiber investments
