The data center sector has seen some M&A action this week. Vantage Data Centers said today that it has been acquired by a consortium led by Digital Bridge Holdings.
Vantage operates two data centers campuses in Santa Clara spanning some 600,000 square feet of space on a total of 27 acres. They also have 68 acres up in Quincy, Washington upon which they have one 133K square foot facility and room for four more.
It's not Digital Bridge's first foray into colo M&A of course. Digital Bridge owns DataBank, which itself in January purchased C7 Data Centers out in Utah. In this case, they will own Vantage in partnership with Public Sector Pension Investment Board, TIAA Investments. They will take the reins from Silver Lake Partners, which had been looking for a buyer since the fall of 2016 according to reports.
Financial terms were not disclosed, but speculation had been putting Vantage's price at above $1B. Vantage's existing team, led by CEO Sureel Choksi, will be staying on the job.
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