TPG acquires Netrality

● PLATFORM | DEVTOOLS/INFRASTRUCTURE · Data Centers

JULY 27, 2026

TPG in talks to acquire Netrality

TARGET

Netrality owns and operates 18 carrier-neutral interconnection data centers offering colocation, powered shell, and wholesale solutions to enterprises and network providers across the U.S.

Deal value	$3B deal value
Ownership	PE-backed · Macquarie Asset Management (via Macquarie Infrastructure Partners IV)
Capital raised	$1.03B
Headcount	51-200 FTEs
Headquarters	Miami Beach, Florida
Leadership	Gerald M. Marshall, President & CEO
Sell-side advisor	—

ACQUIRER

TPG

Buy-side advisor

—

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TPG -> Netrality  (2026-09-18)
buyout | DevTools/Infrastructure | $3 billion
Target: Netrality owns and operates 18 carrier-neutral interconnection data centers offering colocation, powered shell, and wholesale solutions to enterprises and network providers across the U.S.
Website: netrality.com | Buyer site: tpg.com
HQ: Miami Beach, Florida | Ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/tpg-netrality.html

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