Blackstone takes minority stake in Rowan Digital Infrastructure

Private equity giant Blackstone acquired a minority stake in Rowan Digital Infrastructure, a digital infrastructure platform focused on acquiring and operating fiber-optic and broadband networks across the United States. The investment underscores Blackstone's strategic push into digital infrastructure, a sector experiencing rapid growth due to surging demand for high-speed internet and 5G connectivity. Rowan Digital Infrastructure operates a portfolio of fiber assets spanning multiple states, with a focus on underserved and high-growth markets. Financial terms of the transaction were not disclosed, reflecting the private nature of the deal. The partnership aims to accelerate Rowan's expansion into new markets while leveraging Blackstone's capital and operational expertise. Rowan Digital Infrastructure was founded in 2023 and has since assembled a network of over 10,000 route miles of fiber, serving enterprise and residential customers.

Counterparts (2)

Developer

R

Rowan Digital Infrastructure

company · 1 deals

Rowan Digital Infrastructure focuses on investments in digital infrastructure assets. Their strategy involves identifying and developing opportunities in data centers, fiber networks, and other related digital infrastructure sectors.

Investor

Blackstone

company · 6 deals

Blackstone is the world's largest alternative asset manager, serving institutional and individual investors by building strong businesses that deliver lasting value. They invest in dynamic sectors positioned for long-term growth, leveraging their scale and operational expertise to drive transformation and create value.