HAVING 12 DATA CENTERS AND 22MW CAPACITY
Hybrid data center and colocation provider 365 Data Centers, has just been acquired by Stonecourt Capital LP, a New York headquartered Investment Company.
Through this acquisition, Stonecourt gains ownership of 365 Data Centers’ 230,000 square feet of data center space and 22MW of available power, along with its 12 data centers interconnected via the company’s 100G network, 21 other points of presence, and about 400 peering partners.
“We are pleased to welcome Stonecourt as a partner in 365 Data Centers. Stonecourt has a proven reputation of supporting growth businesses with financial and strategic resources, and we are excited to partner with them to foster the next phase of the Company’s expansion,” said Bob DeSantis, Chief Executive Officer, 365 Data Centers.
“The 365 team will remain fully intact, and this partnership will enhance our ability to execute on our organic and acquisition growth strategies. On behalf of the entire 365 team, I want to thank our outgoing investors, Chirisa Investments and Turning Rock Partners, and our outgoing Board members Colm Piercy and Maggie Arvedlund, who have supported the Company and me since the beginning.”
As announced, 365’s original investors Lumerity Capital and Longboat Advisors will remain onboard, as they have reinvested into the new partnership. Also, the company’s management team, including its CEO Bob DeSantis, will continue operating the company.
“We are very impressed by the portfolio of data center and fiber assets that Bob and the 365 team have successfully integrated. The Company’s blue chip enterprise and carrier customer base creates a unique platform,” said Lance Hirt, Managing Partner at Stonecourt.
“We are excited to partner with Bob, Lumerity Capital, Longboat Advisors, and the 365 team to deploy significant additional capital to accelerate the Company’s growth trajectory. We are already engaged on several near-term acquisition opportunities which will meaningfully enhance the Company’s service offerings.”
About a week ago, 365 Data Centers announced the addition of a new 4,000 amp Direct Current (DC) plant at its facility in Tampa, Florida, having an expansion capacity of up to 16,000 amps.