Also happening earlier this week but under my radar was a data center infrastructure M&A. DataBank has signed a definitive agreement to acquire C7 Data Centers, taking its show out west for the first time.
C7 Data Centers operates three data centers in the Salt Lake City metro area, a downtown 17,000 square foot carrier hotel along 65,000 and 95,000 square foot facilities out in Bluffdale. Those assets will take DataBank from zero to sixty in one fell swoop when it comes to the Salt Lake City metro area. DataBank's existing footprint spans six facilities across the Dallas, Minneapolis, and Kansas City metro areas, and Salt Lake City will make four. Their total footprint after the deal is done will span more than 250,000 square feet. Both companies offer cloud and various managed services alongside space and power, and the integration seems pretty straightforward.
DataBank itself was acquired by Digital Bridge Holdings just this past summer. At the time, Digital Bridge indicated its intent to use the acquisition as a launching pad to roll up further data center assets. They have followed through on that promise some six months later, and I expect we'll hear from them again soon. In fact, there are a number of multi-market data center rollup players out there looking for targets this year.