Patriot Capital Announces Successful Exit of Direct Line

Direct Line

Patriot Capital, a multi-strategy middle market investment firm, and Guardian Capital Partners, an operationally focused private equity firm based in suburban Philadelphia, are pleased to announce the sale of their portfolio company, Direct Line Global, to CBRE Group (NYSE:CBRE), the world’s largest commercial real estate services and investment firm.

Direct Line, based in Fremont, CA, is a leading technology infrastructure services provider enabling mission-critical data centers for the world’s technology leaders. Direct Line has over 1,000 skilled technicians to deliver data center services across the US and Asia Pacific markets. The Company successfully deploys next-generation infrastructure technologies, including artificial intelligence platforms, across the data center lifecycle – design and planning, installation and post-build maintenance, and technology upgrades and retrofits.

“Patriot’s investment in Direct Line is indicative of our 25-year investment history, where we partner with great platform businesses with strong management teams and disciplined sponsors,” said Managing Partner Charles McCusker. “We are thankful for our partners in this transaction and look forward to great future outcomes for Direct Line.”

Patriot Capital invested in Direct Line in 2018 through Patriot Capital IV, making a senior subordinated debt and equity investment. During the investment period, Direct Line invested to scale its platform, including operations and delivery, data center services offerings, geographic market expansion, and partnership with blue-chip customers. Terms of the transaction are not disclosed.

For more information on this transaction, please contact:
Charles McCusker, Managing Partner
Dan Yardley, Partner