Olympus Partners to Acquire Majority Stake in Network Connex from ORIX
Olympus Partners has agreed to acquire a majority ownership stake in Network Connex from ORIX Capital Partners, positioning the firm to capitalize on accelerating demand for digital infrastructure tied to artificial intelligence and cloud computing.
Headquartered in Downers Grove, Illinois, Network Connex provides fiber installation and mission-critical infrastructure services to hyperscalers, cloud operators and large enterprises. The company plays a key role in enabling next-generation data centers and AI-driven compute capacity, areas seeing rapid capital deployment.
“Network Connex’s expertise in fiber installation and digital infrastructure is unparalleled, and we believe they are uniquely positioned to capitalize on the explosive growth in the AI and data center markets,” said Matt Bujor, principal at Olympus.
The transaction underscores private equity’s growing focus on infrastructure-adjacent services that support the buildout of high-demand sectors such as AI and digital connectivity. Fiber deployment and network expansion have become critical bottlenecks as data center capacity scales globally.
“Olympus brings significant experience investing in and scaling infrastructure businesses,” said Christopher Larocca, president and CEO of Network Connex. “We believe their strategic support will accelerate our growth, expand our capabilities, and further strengthen our position as a leading provider of mission-critical services to the data center ecosystem.”
Advisors on the transaction included Kirkland & Ellis LLP and KPMG LLP for Olympus, while Lazard Frères & Co. served as sole financial advisor to ORIX Capital Partners and Network Connex, with Herbert Smith Freehills Kramer acting as legal counsel.