Astra Capital Management Sees Promise in DartPoints Buy-and-Build Strategy
Posted on 12/14/2021
Astra Capital Management is a Washington, DC-based, private equity firm that invests in growth businesses in the communications and technology services sectors. Astra targets highly scalable companies with proven business models that have positive free cash flow and significant growth potential. Post investment, Astra works closely with managers to drive value creation through strategic repositioning, revenue growth and operational enhancements. In February 2018, Capital Constellation committed US$ 100 million to Astra and will work closely with their leadership to support Astra’s mission and growth. Some of the investors in Capital Constellation include the Alaska Permanent Fund Corporation (APFC), the Public Institution for Social Security of Kuwait (PIFSS), RPMI Railpen, and Wafra Inc. (owned by PIFSS).
DartPoints Buy-and-Build Strategy
In May 2020, Astra Capital Management made a majority investment in DartPoints Holding Company, LLC, an owner and operator of edge colocation data centers. DartPoints Holding Company was founded in 2012. In August 2020, DartPoints revealed its strategy to build and acquire edge interconnection and colocation facilities in the Southwest, Southeast, Upper Midwest and Mid-Atlantic regions. In October 2020, DartPoints Holding Company acquired Metro Data Centers (MDC), a full-service provider of interconnection and data center solutions in Dublin, OH serving the Central Ohio region. In March 2021, DartPoints Holding Company signed definitive agreements to acquire Immedion, a provider of colocation, cloud, and managed services with eight data centers in seven markets throughout South Carolina, North Carolina, Ohio, and Indiana.