TIKEHAU STAR INFRA JOINS TILSON AND PLENARY AMERICAS TO ACCELERATE INVESTMENTS IN PLENARY BROADBAND INFRASTRUCTURE
Jun 27, 2024 (New York, NY) – This week, Tikehau Star Infra (“TSI”) has joined Tilson as an equity partner to accelerate investments in its existing digital infrastructure joint venture with Plenary Americas, called Plenary Broadband Infrastructure (“PBI”).
PBI has partnered with the North Carolina Department of Transportation (“NCDOT”) and Pennsylvania Turnpike Commission (“PTC”) to operate, maintain, and commercialize 1,100+ route miles of fiber and huts along the low latency, protected underground, and unique routes on the interstate right of way, serving hyperscalers, and all carriers who need access. PBI provides a pure commercial interface optimized for the most demanding long-haul users, while also providing service to all carriers along the way.
TSI joins strong digital and transportation partners in the PBI venture, including Plenary Americas and Tilson. TSI adds additional capacity to PBI’s investor team and brings its experience with transportation public-private partnerships.
“We are excited to welcome TSI to the PBI team, bringing their deep investment experience in transportation and public-private partnerships,” said Joshua Broder, Tilson Infrastructure CEO, and PBI Executive Committee Member. “PBI is committed to providing the most direct, protected underground, and unique routes to build the fundamental infrastructure that carriers and hyperscale data center operators need to innovate and deliver.”
“Plenary Americas remains very excited by the growth opportunities of PBI’s existing PTC and NCDOT partnered projects. These networks offer unique and protected routes that meet the key attributes sought after by carriers and hyperscalers. We look forward to working together as we continue to grow PBI’s portfolio of fiber and digital infrastructure assets well beyond the existing network,” said Jerry Mahnger, Group Head at Plenary Americas.
“Tikehau Star Infra is delighted to join the PBI team who bring considerable operational, public-private partnership and commercialization experience with fiber and digital infrastructure assets” said Christophe Petit, Head of Tikehau Star Infra. “We’re excited to provide our support to PBI’s platform growth and its commitment to providing the most direct and unique routes for carriers and hyperscale data center operators.”
About Plenary Broadband Infrastructure (PBI)
PBI develops, operates, and commercializes long haul fiber routes for hyperscale data center operators and telecom carrier transport, including significant routes on the Pennsylvania Turnpike Commission right of way and North Carolina DOT interstate highway system. PBI is backed by Plenary Americas, Tikehau Star Infra, and Tilson.
About Plenary Americas
Plenary Americas is an independent long-term investor, developer and manager of public and private infrastructure, specializing in public-private partnerships, local development and asset management. With a portfolio of more than $21 billion across the United States and Canada, we bring infrastructure to life. More at www.plenaryamericas.com.
About Tilson and Tilson Infrastructure
Tilson is on a mission to build America’s information infrastructure. With ~1500 employees nation-wide, Tilson provides network deployment, operations, and maintenance services for network owners. More at www.tilsontech.com Tilson Infrastructure is a leading developer and operator of fundamental digital infrastructure, including wholesale fiber networks, towers, and poles for telecom carrier colocation. More at https://tilsoninfrastructure.com/
FOR INQUIRIES:
Christophe Petit
Co-Founder & President
Tikehau Star Infra
Tel: +1 516 882 4100
cpetit@tikehaucapital.com
ABOUT TIKEHAU STAR INFRA
Tikehau Star Infra, a subsidiary of Tikehau Capital, a global alternative asset management group, is a U.S. headquartered developer and manager of infrastructure assets in North America.
With an investor base that includes large institutional investors such as insurance companies and pension funds, Tikehau Star Infra has access to hundreds of millions in capital.
Our focus is primarily delivering infrastructure projects across the transportation, social, environmental and telecommunications sectors. With investments in projects which have a total asset value of more than $10 billion (as of December 31, 2023), Tikehau Star Infra is one of the leading infrastructure developers in the U.S.
Leveraging decades of collective experience in design, construction and finance, our team is well positioned to strive to achieve strong results for our clients, partners and investors.
Disclaimer
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.
