A local provider of advanced data center colocation facilities announced the acquisition of 10 additional data centers throughout the United States and Canada.
Centersquare, which was formed last year following the merger of Dallas-based Evoque Data Center Solutions and Cyxtera Technologies in Florida, and headquartered in Coppell, announced the ambitious acquisition with a total enterprise value of $1 billion.
With the 10 additional acquisitions, the Brookfield Infrastructure Partners-owned company will now hold 80 facilities in its growing portfolio.
“This package of acquisitions represents more than just volume growth… It reflects the growing strength and gaining momentum of our platform,” said Centersquare CEO Spencer Mullee, per Dallas Innovates.
“By adding capacity in strategic markets, we’re positioning Centersquare to capture the surging demand for trusted, high-performance infrastructure,” he said in a statement. “Our customers—from enterprise to scale—are looking for partners who can grow with them, and we are delivering the reliable power, connectivity, and engineered environments they need to accelerate innovation.”
According to Centersquare, the new acquisitions were self-funded “using cash on hand.”
The data centers are located in Dallas, Nashville, Tulsa, Raleigh, Toronto, and Montreal, as well as two in Minneapolis and Boston, where the company was operating under long-term lease agreements.
“Over the last two years, Centersquare has continued to grow its customer and revenue base and developed a strong cost-efficient operating platform,” said Udhay Mathialagan, CEO of Brookfield Global Data Centers and Chair of Centersquare. “These factors position the company well to make smart, value-accretive acquisitions such as these with the benefit of high confidence levels on revenues and costs.”
According to Centersquare, as the adoption of artificial intelligence accelerates, data center operators are facing surging demand for scalable, energy-efficient, and reliable infrastructure. As a result, the company has been making significant investments to support these requirements.
North Texas has remained at the epicenter of the data center boom amid the growing demands for AI and cloud infrastructure. As previously reported in The Dallas Express, the region even surpassed Silicon Valley as a more desirable locale for the advanced facilities.