Announced
Completed
Financials
Tags
Private
data center
Acquisition
Natural
Canada
Data Centers and Hosting
Completed
Single Bidder
Private Equity
Synopsis
Compass Datacenters, cloud and SaaS provider, has completed the acquisition of ROOT Data Center, a leading wholesale data center provider in Montreal, Quebec. Financial terms were not disclosed. The acquisition of ROOT adds significant scale to the Compass platform and is highly complementary to Compass’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. “We are pleased to announce this acquisition and welcome the ROOT team to Compass. Our team has been impressed with what AJ and his team have built and their strong reputation with customers. We have an exceptional alignment of culture and experienced personnel, emphasizing the use of standardized components and processes to facilitate rapid data center delivery for our customers. At the same time, we are close to completing the first building on our Northern Virginia campus and have begun construction on our Phoenix campus. Overall, we are on track to deliver substantial capacity in some of the fastest growing hyperscale markets across the US and Canada.” Chris Crosby, Compass Datacenters CEO.
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