Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Intrado Life & Safety (“Intrado”), a market-leading provider of critical public emergency telecommunications services, today announced the successful completion of the previously announced US$2.4 billion purchase agreement whereby investment funds advised by Stonepeak will acquire Intrado’s Safety business. Digital Workflows, part of the Life & Safety segment, will be retained by Intrado.

The investment in Intrado’s Safety business builds upon Stonepeak’s experience investing in businesses across the communications and digital infrastructure landscape globally, including data centers, 5G wireless infrastructure, residential broadband networks, and metro, long haul, and subsea fiber.

Blake, Cassels & Graydon LLP and Simpson Thacher & Bartlett served as legal counsel to Stonepeak.

Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel and RBC Capital Markets as the lead financial advisor to Intrado.