GAINING 40 FACILITIES ACROSS 33 MARKETS
EQT Infrastructure has just entered into a definitive agreement to acquire EdgeConneX, Inc. from an investor group led by Providence Equity Partners.
EdgeConneX builds and operates data centers for cloud, content, network and other service providers requiring both larger purpose-built facilities as well as edge facilities. The company currently has a global footprint, operating and developing about 40 facilities in 33 markets across North America, Europe and South America.
“EQT has followed EdgeConneX’s journey from its early years to its growth into a top data center industry player. We are deeply impressed by EdgeConneX’s management team and the success they have had in creating a key contributor to the global cloud infrastructure,” said Jan Vesely, Partner at EQT Partners.
“This partnership represents an exciting opportunity for EQT in a sector and geographies where we have significant experience. EQT looks forward to working with the team in continuing to grow the business and identify new expansion opportunities.”
Few days earlier, EdgeConneX announced the expansion of its Portland Edge data center which now feature an additional capacity of 6MW. This campus is home to a mix of networking solutions from CenturyLink, Zayo, Comcast Business, Wave, Telia and Verizon.
“EQT brings significant financial resources and digital infrastructure industry experience which EdgeConneX will use to accelerate growth and invest in new data centers around the world,” said Randy Brouckman, CEO of EdgeConneX.
“I look forward to continuing to lead EdgeConneX and we are very pleased to have EQT as our new owner and partner in this exciting growth phase. On behalf of EdgeConneX, I thank our outstanding customers and partners, dedicated employees and long-term shareholders that gave us the latitude to succeed and create lasting value.”
The acquisition deal is expected to close in the fourth quarter of 2020, subject to customary closing conditions.