Announced
Completed
Financials
Tags
United States
Acquisition
Majority
Private
safety business
Private Equity
Single Bidder
Domestic
Friendly
Telecommunications Services: Other
public emergency telecommunications
Completed
Synopsis
Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed the acquisition of the safety business of Apollo-backed Intrado, a provider of technology enabled services, for $2.4bn. "I am pleased that the Safety team will continue to advance their vision as part of the Stonepeak portfolio, benefitting from their experience and success in investing in a wide range of digital infrastructure companies over the past decade. I remain excited about Intrado’s future given Digital Workflows, Notified, and Mosaicx are industry leaders in each market they serve," John Shlonsky, Intrado President and CEO.
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