Stonecourt Acquires 365 Data Centers

October 6th, 2020 by · Leave a Comment

Along with today's Telia deal, there was some interesting M&A in the data center world. 365 Data Centers announced this morning that Stonecourt Capital LP has acquired the company.

365 Data Centers operates 12 data centers spanning 230K square feet of colo space and 22MW of available power. That footprint is interconnected via a 100G network that also has PoPs in 21 other locations. The company has focused its efforts on 2nd tier, edge data center properties while targeting the enterprise marketplace.

Stonecourt will be buying that business from the original group of investors. Lumerity Capital and Longboat Advisors will stay on after reinvesting into the new partnership, while Chirisa Investments and Turning Rock Parnters have cashed out.  Backed by Stonecourt, it seems likely that 365 Data Centers' appetite for additional expansion of its footprint will grow.

CEO Bob DeSantis will continue to lead the company, and operationally things will probably not skip a beat. Bank Street Group advised both 365 Data Centers and Stonecourt on the deal.  Financial terms were not disclosed.

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Categories: Datacenter · Mergers and Acquisitions

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