123Net - Ownership and Business Overview


123Net Ownership

Who owns 123Net?

123Net is owned by Grain Management. It was acquired on April 22, 2024.

Is 123Net PE-backed?

Yes. 123Net is owned by private equity investor Grain Management.

123Net Business Overview

Where is 123Net headquartered?

123Net is headquartered in Southfield, Michigan.

What sector is 123Net in?

123Net is a communications company.

When was 123Net founded?

123Net was founded in 1995.

Communications M&A Summary in 2024

Out of 60 sectors in the Mergr database, communications ranked 23 in number of deals in 2024. The largest communications acquisition in 2024 was Vodafone Italia - which was acquired by Swisscom AG for $9.0B.

Join Mergr to view all 57 acquisitions of communications companies in 2024, including 7 acquisitions by private equity firms, and 50 by strategics.


123.Net, Inc.

24700 Northwestern Hwy. STE 700,
Southfield, Michigan 48075
United States,
(888) 440-0123

123Net is a premier fiber internet, colocation, and business voice services provider that operates one of the largest carrier-neutral data centers and peers with technology leaders such as Google, AWS, GM, and others. 123Net was founded in 1995 and is based in Southfield, Michigan.

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