New York investor buys Intrado safety business

LONGMONT — Stonepeak Partners LP, a New York investment firm that specializes in infrastructure assets, has purchased a business unit from Longmont-based Intrado Inc., a company that makes advanced emergency communications systems for public safety agencies, in a deal valued at $2.4 billion.

Intrado, which is owned by Omaha, Nebraska, West Corp. (Nasdaq: WSTC), has offloaded its safety business but will retain its digital workflows unit, according to a Stonepeak news release. 

West was itself bought by an investment firm in 2017 and the whole entity was rebranded as Intrado.

“For more than 40 years, Intrado’s Safety business has been the foundation for…