Bluepeak Receives Strategic Investment from Ares Management
Summary
DENVER, Feb. 29, 2024 /PRNewswire/ -- Bluepeak (the "Company"), a leading provider of fiber broadband to residential and commercial customers in communities across the Great Plains region, today announced that funds managed by Ares Managements Infrastructure Opportunities and Alternative Credit strategies ("Ares") have made a strategic investment into Bluepeak.Since its 2021 acquisition by GI Data Infrastructure, Bluepeak has expanded its regional footprint across five states and has constructed a fiber network to over 140,000 new homes. ""Bluepeak has developed a differentiated fiber platform that provides efficient, reliable, and critical service to families and businesses across the Great Plains region," said Keith Derman, Co-Head of the Ares Infrastructure Opportunities strategy. ""Over the past three years, Bluepeak has grown far beyond our initial expectations, and we believe this investment positions the Company for long-term profitable growth," said Mark Prybutok, Managing Director and Co-Head of GI Data Infrastructure. "This investment is an example of the collaborative strengths and scale of Ares platform, bringing together the Infrastructure Opportunities and Alternative Credit strategies to provide Bluepeak with flexible capital tied to an emerging asset class. The firm has raised more than $43 billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies.