123Net - Ownership and Business Overview

CommunicationsCompany

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 24 in number of deals in 2024. The largest communications acquisition in 2024 was Frontier Communications Parent - which was acquired by Verizon Communications for $20.0B.

Join Mergr to view all 88 acquisitions of communications companies in 2024, including 9 acquisitions by private equity firms, and 79 by strategics.

123Net

123.Net, Inc.

24700 Northwestern Hwy. STE 700,
Southfield, Michigan 48075
United States,
(888) 440-0123
www.123.net

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.


Company Summary

SECTOR

Communications

Established

1995

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