News Press & Gazette Company Acquires 1623 Farnam
Omaha, NE November 5, 2018 – News Press & Gazette Company announced today that it has acquired Nebraska Data Centers at 1623 Farnam in Omaha, NE. This facility is the nexus for local, national and international carriers, enterprises, network operators, and cloud providers in the region. The investment represents an opportunity for renewal and expansion at 1623 Farnam, ultimately converting the facility into a world-class carrier neutral hotel in downtown Omaha.
The region will benefit by offering more reliable interconnection and secure high performance edge data center solutions. Nebraska Data Centers is the most network-rich, carrier neutral interconnection facility in the region. NDC has more than 40 network, content, cloud, and IT services providers serving as the primary gateway to user networks.
“NPG sees tremendous opportunity with Nebraska Data Centers and its current management team. Our partnership leverages the NDC team’s vision for the facility with NPG’s extensive resources and experience in technology infrastructure. Our master plan will include capital improvements of more than $30 million over the next 5 years.” said Brian Bradley, President of NPG.
“We are excited to have a Midwest family company in NPG make a significant resource and financial commitment that will allow us to continue building value in our carrier hotel for our customers. We look forward to the opportunity to continue to manage a facility with expansive fiber connectivity, within a highly strategic location as a world class carrier neutral interconnection facility”. Said Todd Cushing, President of Nebraska Data Centers.
The new company will be called 1623 Farnam, LLC.
MVP Capital was the exclusive financial advisor for NDC.
About NPG/BERKS
News-Press & Gazette Company (NPG) is a privately-owned company with extensive holdings in broadcast television, newspapers and manufacturing across the United States. Founded in 1951, the company is currently led by the third and fourth generations of the Bradley family. The company is also pursuing further investments in media, technology, and manufacturing through NPG and its diversification are called BERKS Group. For more information, please visit www.npgco.com or www.BERKSGroup.com.
About Nebraska Data Centers
Nebraska Data Centers (NDC) is the premier carrier neutral interconnect provider in Omaha; providing high quality space, power and interconnection solutions to 40 plus network, content, cloud and IT service providers. The 1623 Farnam facility is at the center point of the region’s major fiber networks and offers unique latency advantages and extensive connectivity options that improve network reliability and performance. To find out more about Nebraska Data Centers, visit the website at www.nebraskadatacenters.com.
About MVP
MVP Capital provides mergers and acquisitions, private debt and equity capital raising and strategic and valuation advisory services focusing on the technology, media, telecom and renewable energy sectors.
For more information please contact:
Bill Severn
Bill.severn@npgco.com
816-390-4349