Asset management firm TPG is reportedly looking to acquire Netrality Data Centers for up to $3 billion.

Citing sources familiar with the matter, Bloomberg reports a deal could be reached in the latter half of this year.

– Netrality Data Centers

Founded in 1992, TPG has investments in various industries and technologies, with recent investments in telecommunications and communications infrastructure through its TPG Peppertree business.

Netrality operates interconnection data centers across the US. It offers colocation, powered shell, and wholesale data center services.