Cervalis LLC, a Shelton, CT-based provider of IT infrastructure solutions including business continuity and rapid recovery, managed hosting and co-location, closed a preferred equity investment from Goldman Sachs.
The company will use the proceeds from the investment to accelerate its data center expansion in existing and new markets. Cervalis has recently opened a brand new 150,000 sq. ft. data center facility in Northern New Jersey.
Commenting on the financing, Michael Boccardi, CEO of the company, said: “The partnership with Goldman Sachs provides us with growth capital to accelerate our strategic expansion plans.
“Additionally as a company, going forward we will have the benefit of Goldman’s broad industry experience in this sector to help guide us in fulfilling our long-term objectives for all our shareholders”.
DH Capital, LLC, an investment banking firm serving the Internet infrastructure and communications sectors, acted as exclusive financial advisor to Cervalis on the transaction.