Global investment firm KKR and Aceco TI, a leader in data center design, implementation and maintenance solutions in Brazil and Latin America, today announced that KKR is acquiring Aceco TI (Aceco or “the Company”) from General Atlantic and other shareholders. KKR is making its investment in partnership with Chief Executive Officer (CEO) Jorge Nitzan who will hold a significant minority stake in the company and continue to run the business as CEO.
Founded in 1972, Aceco provides customized data center solutions and high quality services to its customers. Aceco´s clients include a large variety of private sector and public sector clients who trust Aceco to support them for mission-critical projects. The Company has built more then 750 data centers in Brazil and Latin America and more than 400 integrated command and control centers throughout its history and today has 90 data centers under construction. With a dedicated team working 24 hours a day / 7 days a week, Aceco currently maintains approximately 220 data centers. One of its many current projects includes the installation of data centers and command and control centers for the 12 cities hosting the 2014 FIFA World Cup Brazil TM.
Aceco TI Chief Executive Officer Jorge Nitzan said, "Our clients depend on secure, reliable data centers and we have a demonstrated track record of being able to provide high performance and customized ‘end to end' solutions. With the increased number of internet users, digital information and the use of cloud computing, the demand for data centers has and will continue to increase. Together with KKR as a long-term partner, we will continue to meet this demand for more customers throughout Latin America.”
“We have been incredibly impressed with Jorge Nitzan, the quality of the services Aceco TI provides and the many dedicated employees who are responsible for the company’s impeccable record of customer service and satisfaction. Aceco is already a regional leader and we look forward to working with the team to support the company’s continued growth,” Jorge Fergie, Managing Director and KKR’s Head of Brazil, said.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV