SummitIG Acquires 200 Miles of Dark Fiber Assets from Blue Owl
OWL•SummitIG has acquired nearly 200 miles of conduit and dark fiber assets from Blue Owl’s DF&I platform, expanding its Virginia footprint and adding 60 miles of routes into Baltimore, Maryland. The deal enhances SummitIG’s network density and route diversity while allowing Blue Owl to redeploy capital from its digital infrastructure portfolio.
1. Transaction Overview
Blue Owl Capital has completed the sale of Dark Fiber and Infrastructure LLC to SummitIG, transferring ownership of nearly 200 miles of conduit and dark fiber assets. The transaction marks a strategic divestment by Blue Owl from its digital infrastructure portfolio.
2. Network Expansion
SummitIG’s existing platform of over 1,100 miles in Virginia grows with the addition of DF&I’s network, including almost 200 miles of new routes and 60 miles extending service into Baltimore, Maryland. This expansion boosts route diversity and capacity for hyperscalers, carriers and enterprises.
3. Strategic Implications
The divestment allows Blue Owl to reallocate capital toward other alternative asset opportunities while consolidating its focus on credit and GP strategic capital platforms. The sale underscores ongoing portfolio optimization and capital recycling efforts.
4. Integration and Continuity
SummitIG plans a comprehensive integration of operations, network assets and customer contracts to ensure seamless service continuity. Remaining construction projects will be finalized under SummitIG management to meet existing contractual commitments.
