AMP GAINS 11 DATA CENTERS
U.S. data center provider Expedient, has announced that AMP Capital is set to acquire the company from its current parent, Landmark Media Enterprises, LLC.
Expedient is primarily focused on providing data center services in the Northeast and Central U.S., with its 11 fully managed data center locations, as well as several other strategically located partner facilities.
Few days before this announcement, Expedient released news of its Western Expansion, with the deployment of a new, already in production Enterprise Cloud point of delivery platform in Phoenix, Arizona.
“Landmark has been a valued investment sponsor for the last 14 years. AMP Capital has a long-term point of view about the business, very similar to Landmark’s,” said Shawn McGorry, CEO of Expedient.
“With access to additional capital sources and flexible financing, we stand ready to accelerate the expansion of Expedient Enterprise Cloud solutions to new markets and to offer our loyal clients an even more robust suite of Infrastructure as a Service solutions.”
Based on the agreement, there is no plan for operational changes. Hence, the senior management team of Expedient will continue in their current capacities. Clients, vendors, partners and other stakeholders, will notice no material changes in their relationships with the company.
“Expedient is a wonderful story and has been a highly valued growth asset in the Landmark family of businesses. We are delighted to have found a partner in this transaction, AMP Capital, that wanted the Expedient team to continue building a great business by offering differentiated solutions to its diverse client base,” said Charlie Watkins, Landmark CEO and former Expedient Chairman.
The Australian investment firm AMP Capital, Expedient or Landmark did not disclose the cost of the acquisition. However, the transaction is subject to regular closing conditions and is expected to be completed before the end of the year.