NEW YORK and ISLANDIA, NY, Sept. 16, 2022 (GLOBE NEWSWIRE) — Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Intrado Corporation (“Intrado”), a global leader in technology-enabled companies Services, today announced they have entered into a definitive agreement whereby Stonepeak-advised investment funds will acquire the safety business of Intrado, a market-leading provider of critical public emergency telecommunications services, for $2.4 billion. Digital Workflows, part of the Life & Safety segment, will be retained by Intrado.
For more than 40 years, Intrado’s security business has powered the nation’s 911 infrastructure, efficiently connecting citizens to emergency call dispatchers (PSAPs) and first responders. The company delivers critical emergency data over a highly reliable, secure, standards-based network serving 3.1 million cellular sites, 2.5 billion phone numbers, 13,600 PSAP slots, and extensive cloud and data center footprint across the United States and Canada.
“I am pleased that the Safety team will continue to advance their vision as part of the Stonepeak portfolio and will benefit from their experience and success investing in a variety of digital infrastructure companies over the past decade,” said John Shlonsky, President and Chief Operating Officer of Intrado. “I remain excited about the future of Intrado as Digital Workflows, Notified and Mosaicx are industry leaders in every market they serve.”
“Intrado’s safety business represents an attractive opportunity to invest in critical telecommunications infrastructure that will provide access to…
Full story available at Benzinga.com
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