Compass Datacenters has announced its $3bn data centre expansion plan over the near term following additional capital from existing investors, RedBird Capital Partners, Ontario Teachers’ Pension Plan, and new its new investment partner the Azrieli Group.
“Over the past two years, with the strong support of RedBird Capital and Ontario Teachers’, Compass has successfully led the wave of cloud and hyperscale data centre providers in delivering just-in-time facilities customized to meet the specific requirements of our customers,” said Chris Crosby, CEO of Compass Datacenters.
“This investment from our partners and the addition of the Azrieli Group, a world-class real estate developer, is an important milestone affirming the value we’re creating for our customers, as well as the significant opportunity ahead.
“We’re excited to accelerate our goal of developing upwards of $3 billion in new data centre campuses, while continuing to enhance the value proposition we deliver to our customers.”
Compass has witnessed a growth over the past two years, expanding its presence in markets across the United States, including Boston, Columbus, Dallas, Minneapolis, Nashville, Northern Virginia, Phoenix, Raleigh-Durham and others.
“Chris and the Compass team have done a tremendous job over the last few years positioning the company to address the continued unmet demand in the data centre market with bespoke campus development solutions for its customer base,” said Gerald Cardinale, Managing Partner of RedBird Capital.
“We are excited to welcome the Azrieli Group to our investment partnership – with our collective financial and strategic capabilities, we are well-positioned to support the company as it enters its next major expansion phase.”
The Company recently launched construction on the first two data centers within its Phoenix and Northern Virginia campuses.
Recently, Compass Datacenters announced its collaboration with Tierpoint to expand its data centre facility in North Carolina’s Research Triangle Park (RTP).―Data Economy