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New Deal


Announced

ColoHouse to acquire Steadfast.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Data Centers and Hosting

Domestic

Single Bidder

data center

Private

Pending

Acquisition

Friendly

United States

Synopsis

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ColoHouse, a provider of colocation, data center services, network, cloud and customized services, agreed to acquire Steadfast, a cloud, bare metal, and data center provider. Financial terms were not disclosed. "We are delighted to bring Paul Voswinkel and his team at Steadfast on board to reinforce an already powerful, robust IT platform across a diverse geographic footprint. Steadfast brings solid and complete cloud solution offerings to the ColoHouse portfolio, further enriching an already strong cloud portfolio. With this acquisition, ColoHouse adds two data center locations in the most connected buildings in the Midwest - 725 S. Wells and 350 E. Cermak in Chicago. Additionally, we acquired Steadfast’s location in the Iron Mountain building in Edison, New Jersey," Paul Bint, ColoHouse CEO.

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