Grain Management and StratCap completed the acquisition of a majority stake in a Toronto data center.

Grain Management, an investment firm and solutions provider to the global broadband industry, and StratCap, an investment management platform focused on digital infrastructure, completed the acquisition of a majority stake in a Toronto data center, located at 55 Hereford Street, Brampton, Ontario. Financial terms were not disclosed. "55 Hereford is a unique, next generation property centrally situated within the second largest financial hub in North America and in Canada's business and financial capital. This, along with its proximity to other U.S. business hubs like Boston and Chicago, was a big draw for Grain, especially given the availability of power both onsite and in the surrounding area. With StratCap as our partner, we look forward to executing on our value creation strategy, bringing to bear our deep and broad expertise as a long-time investor in digital infrastructure and in the global broadband ecosystem," Ted Manvitz, Grain Managing Director.