South Reach Networks, a Florida-based fiber infrastructure provider, has been acquired by a fund managed under Blue Owl Capital’s Digital Infrastructure strategy. The company operates a 370-mile dark and lit fiber network from Jacksonville to Miami, connecting data centers, colocation sites, and cable landing stations, with five owned edge colocation facilities. Blue Owl plans to invest in expanding SRN’s network, with Scott Bergs from DF&I leading the company post-acquisition. SRN’s CRO expressed optimism for growth under Blue Owl’s ownership, while OWL currently trades at $18.99 on the NYSE.

Overall, the acquisition of South Reach Networks by Blue Owl Capital’s Digital Infrastructure strategy aims to strengthen SRN’s position as a top-tier Florida communications infrastructure provider and expand its network to meet the rising demand from hyperscale and enterprise clients. Chris Jensen, Managing Director at Blue Owl, emphasized the strategic importance of Florida and the Southeast region for hyperscale clients.

Read more at Nasdaq: Blue Owl Acquires South Reach Networks, Plans Fiber Expansion Across Florida