MegaPath to sell Wholesale business to Pivotal Group

MegaPath Corp., which is backed by Platinum Equity, said Monday that it has agreed to sell its Wholesale business and national colocation aggregation network to Pivotal Group. Financial terms were not announced. Pivotal plans to merge the MegaPath assets with its portfolio company, Global Capacity. Pleasonton, Calif.-based MegaPath provides managed voice, data, security and cloud services in North America. Bank Street provided financial advice to MegaPath. Phoenix-based Pivotal is a diversified investment company focuses on private equity and real estate.

DealsNorth AmericaUSBriefs