We have a bit of infrastructure M&A this morning, of the carrier-neutral interconnectivity variety rather than fiber though. Cologix has bought its way into another new market with the purchase of the Jacksonville, Florida-based JAX Meet Me Room.
JMMR operates 9,000 square feet in the 421 W. Church Street carrier hotel, and is one of the city’s key hubs with 20+ carriers plus a variety of other customers hooked up. Jacksonville has been getting more and more attention lately from network operators, including a recent metro buildout by CenturyLink, new metro expansion plans by Zayo, and some brand new intercity dark fiber from Allied Fiber. All of which suggests that the interconnectivity market there will be getting increasingly interesting.
Cologix has been specializing in this sort of second-tier-but-growing Meet-Me Room M&A, and is now in 16 facilities across six markets. They had been quiet on the inorganic front since buying the Minneapolis Gateway last year, but I’m not surprised to see them make another such move. Next they’ll be investing some capital to bring the facility into the fold and add on some capacity for expansion.
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