Dallas-based data center company DartPoints has received a majority investment from New York-based infrastructure investment firm NOVA Infrastructure.

Orion Infrastructure Capital also joined the investment as a lender and investment partner, providing a senior secured credit facility and participating as a minority equity investor. NOVA and OIC’s commitments to DartPoints total more than $250 million of capital, DartPoints said.

Founded in 2012, DartPoints is a provider of secure, high-performance data center solutions for enterprises, and currently operates 11 data centers in 10 markets in South Carolina, North Carolina, Ohio, Indiana and Louisiana. NOVA said its investment includes a significant growth capital component designed to scale DartPoints’ platform and expand its footprint through targeted investments in capacity expansion and strategic M&A to meet market demand.

NOVA’s investment amount was not disclosed.

“We’re entering a new phase of growth centered on infrastructure ownership, operational control and strategic market expansion,” DartPoints CEO Scott Willis said in a statement. “We’ve always believed that Tier 2 and Tier 3 markets deserve the same digital capabilities as Tier 1 metros. This transaction positions us to bring scalable, secure infrastructure closer to the demand wherever it’s needed, especially as data-intensive workloads take hold across industries. We’re thrilled to work with NOVA to efficiently and effectively grow our business.”

NOVA Managing Partner Chris Beall called the investment in DartPoints a good opportunity for his firm.

“We’re excited to partner with a best-in-class data center management team and platform serving a diverse and growing base of enterprise customers,” Beall said in a statement. “We look forward to growing the business and capitalizing on the significant opportunity in DartPoints’ target markets, which benefit from shifting demand trends and the decentralization of digital workloads.”

Acquiring real estate assets and other funding

DartPoints provides essential IT services to both retail and wholesale customers through a distributed network of data center facilities. It serves more than 900 enterprise customers, including major universities, hospital systems and Fortune 500 companies.

With the transaction, DartPoints acquired its underlying real estate in DartPoints’ Greenville, South Carolina; Baton Rouge, Louisiana; and Asheville, North Carolina data centers, further transitioning to ownership of its strategic facilities.

As part of the deal, existing sponsor Astra Capital Management will retain a “meaningful” minority stake in the business, demonstrating continued confidence in the company’s long-term growth strategy, DartPoints said.

“Astra is proud to have partnered with and to continue supporting DartPoints as it builds the leading provider of high-performance data centers outside of Tier 1 markets,” said Brian Kirschbaum, partner at Astra Capital Management. “The company is uniquely positioned to meet the industry’s distributed data center needs.”

Don’t miss what’s next. Subscribe to Dallas Innovates.

Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.