Dallas based Compass Datacenters completed the acquisition of Root Data Center, a wholesale data center provider in Montreal, Quebec.
The amount of the deal was not disclosed.
The acquisition is the first by Compass since its recently announced plan to develop up to $3 billion in new data center campuses, which included follow-on investments from existing investors RedBird Capital Partners and Ontario Teachers’ Pension Plan, as well as from new investment partner the Azrieli Group Ltd., an Israeli real estate development company.
The transaction adds scale to the Compass platform and is complementary to the company’s core strategy of serving high-growth hyperscale and cloud customers with dedicated facilities delivered on expedited timelines.
Following the acquisition, Compass has the capacity to expand up to 375MW of IT load across its current campuses.
Led by Chris Crosby, CEO, Compass Datacenters provides build-to-order data centers to cloud and SaaS providers, enterprises, colocation and hosting companies, and customers with distributed infrastructure requirements. .
Led by CEO AJ Byers, who is joining Compass as the company’s President, International, Root is a data center company that provides both enterprise and wholesale colocation solutions for computing leaders to scale their technology infrastructure.
Upon completion of its greenfield expansion at MTL-R1, the company will offer 65 MW of premium capacity to the Montréal market.
FinSMEs
23/07/2019