Thompson Street and Cequel III completed the acquisition of a majority stake in DDC Cabinet Technology.

Thompson Street, a private equity firm, and Cequel III, a private investment firm, completed the acquisition of a majority stake in DDC Cabinet Technology, a leader in the design and manufacturing of innovative data center cabinet and cooling solutions. Financial terms were not disclosed. “The market for providing cooling infrastructure to high power density, AI-based computing environments is experiencing explosive growth, and DDC’s proprietary solution is well positioned to be a dominant technology provider within the category," Tom St. Geme, TSCP Director.