• About Us
  • Partnership Opportunities
  • Privacy Policy

Data Center Frontier

Charting the future of data centers and cloud computing.

  • Cloud
    • Hyperscale
  • Colo
    • Site Selection
    • Interconnection
  • Energy
    • Sustainability
  • Cooling
  • Technology
    • Internet of Things
    • AI & Machine Learning
    • Edge Computing
    • Virtual Reality
    • Autonomous Cars
    • 5G Wireless
    • Satellites
  • Design
    • Servers
    • Storage
    • Network
  • Voices
  • Podcast
  • White Papers
  • Resources
    • COVID-19
    • Events
    • Newsletter
    • Companies
    • Data Center 101
  • Jobs
You are here: Home / Site Selection / Cologix Acquired by Private Equity Firm Stonepeak

Cologix Acquired by Private Equity Firm Stonepeak

By Rich Miller - February 3, 2017 Leave a Comment

Cologix Acquired by Private Equity Firm Stonepeak

A row of cabinets inside a data center. (Photo: Cologix)

LinkedinTwitterFacebookSubscribe
Mail

Colocation provider Cologix has been acquired by private equity firm Stonepeak Infrastructure Partners in a deal highlighting investor interest in interconnection services in regional markets. Stonepeak says it is investing $500 million to accelerate the growth of the Cologix platform, which is focused on second-tier cities and includes a presence in leading markets in Canada.

Cologix operates 24 data centers across nine markets in the United States and Canada, with facilities in Minneapolis, New Jersey, Jacksonville, Lakeland, Fla. and Columbus, Ohio in the U.S. and Canadian sites in Montreal, Toronto and Vancouver.

Cologix is notable for its focus on carrier neutral facilities and meet-me rooms in connectivity hubs in regional markets. The company has 1,600 customers, include network providers, cloud computing companies and enterprises, espeically in media and finance.

“Enterprise-grade data center infrastructure, especially when combined with robust interconnection hubs, will be increasingly important to the digital supply chain in the coming years,” said Trent Vichie, Co-Founder and Senior Managing Director of Stonepeak Infrastructure Partners. “Cologix has built an exceptional platform and team that is well positioned to accelerate growth by using the power of interconnection to support key industry trends, including content moving to the edge, the rise of cloud computing and enterprises outsourcing data centers.”

Stonepeak: Focus on Energy, Wireless

Stonepeak said Cologix gives it “a marquee platform to enter the data center and interconnection market in North America.” The deal also reflects the increasingly important relationship between data centers and the energy industry, which has been Stonepeak’s primary focus. The private equity firm was founded in 2011, and has built a portfolio of companies in natural gas, solar energy and microgrids.

Stonepeak’s portfolio also includes Vertical Bridge, wireless communications firm that owns or leases more than 7,500 wireless and broadcast systems on towers and rooftops. Although this is Stonepeak’s first data center investment, it brings considerable experience to the table in the presence of Bill Fathers, a Senior Operating Partner at Stonepeak, who worked for many years at managed hosting provider Savvis and as a cloud executive at VMware. Fathers will take a board seat at Cologix along with three other Stonepeak investors.

Grant van Rooyen will remain as CEO and Chairman of the Board, and the Cologix management team will continue to run the business. The existing Cologix investors – including van Rooyen, the van Rooyen Group, Columbia Capital, Greenspring Associates and company management – will continue to hold a “material interest” in the company and participate in future growth equity investments.

More Resources to Finance Growth

van Rooyen said that Stonepeak, which manages more than $6.4 billion in capital for its investors, is the right partner for Cologix.

“We have felt for some time that the opportunity within our markets and our sector broadly has far more potential than we have been able to practically finance,” said van Rooyen. “With this transaction and the incremental investment, we will now have the financial capacity we want and need. Over the past months we have come to greatly appreciate the investment savvy, approach to partnership and tone of Stonepeak. They are the right partner for the existing Cologix management team to be working with for the next phase of our evolution.”

Cologx investors expressed optimism as well.

“We loved this opportunity and this market 6-plus years ago, and we continue to be big believers,” said Patrick Hendy, Partner from Columbia Capital.

LinkedinTwitterFacebookSubscribe
Mail

Tagged With: Cologix

Newsletters

Stay informed: Get our weekly updates!

Are you a new reader? Follow Data Center Frontier on Twitter or Facebook.

About Rich Miller

I write about the places where the Internet lives, telling the story of data centers and the people who build them. I founded Data Center Knowledge, the data center industry's leading news site. Now I'm exploring the future of cloud computing at Data Center Frontier.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter

Voices of the Industry

Fit for the Edge: Modular Data Centers

Fit for the Edge: Modular Data Centers Jackie Pasierbowicz, Director of Sales and Marketing at TAS explores the dramatic rise of multiple markets for edge computing and the benefits of a modular data center strategy.

DCF Spotlight

The COVID-19 Crisis and the Data Center Industry

The COVID-19 pandemic presents strategic challenges for the data center and cloud computing sectors. Data Center Frontier provides a one-stop resource for the latest news and analysis for decision-makers navigating this complex new landscape.

An aerial view of major facilities in Data Center Alley in Ashburn, Virginia. (Image: Loudoun County)

Northern Virginia Data Center Market: The Focal Point for Cloud Growth

The Northern Virginia data center market is seeing a surge in supply and an even bigger surge in demand. Data Center Frontier explores trends, stats and future expectations for the No. 1 data center market in the country.

See More Spotlight Features

White Papers

data center water

Solutions to Data Center Water and Power Availability

The major challenges facing the data center industry today are finite water and power resources. This is especially true for large scale operations and particularly the ongoing trend toward hyperscale facilities. Get the new report that explores a new data center cooling method called the StatePoint Liquid Cooling (SPLC)4 system from Nortek Solutions. This report explores a usage case study in Singapore. 

Get this PDF emailed to you.

We always respect your privacy and we never sell or rent our list to third parties. By downloading this White Paper you are agreeing to our terms of service. You can opt out at any time.

Newsletters

Get the Latest News from Data Center Frontier

Job Listings

RSS Job Openings | Peter Kazella and Associates, Inc

  • Navy Electrician / Navy Mechanic - Redmond, WA
  • Electrical Commissioning Engineer - Ashburn, VA
  • MEP Superintendent - Data Center - Dallas, TX
  • Construction Project Manager - Data Center - Dallas, TX
  • Data Center QA / QC Manager - Huntsville, AL

See More Jobs

Data Center 101

Data Center 101: Mastering the Basics of the Data Center Industry

Data Center 101: Mastering the Basics of the Data Center Industry

Data Center Frontier, in partnership with Open Spectrum, brings our readers a series that provides an introductory guidebook to the ins and outs of the data center and colocation industry. Think power systems, cooling, solutions, data center contracts and more. The Data Center 101 Special Report series is directed to those new to the industry, or those of our readers who need to brush up on the basics.

  • Data Center Power
  • Data Center Cooling
  • Strategies for Data Center Location
  • Data Center Pricing Negotiating
  • Cloud Computing

See More Data center 101 Topics

About Us

Charting the future of data centers and cloud computing. We write about what’s next for the Internet, and the innovations that will take us there. We tell the story of the digital economy through the data center facilities that power cloud computing and the people who build them. Read more ...
  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

About Our Founder

Data Center Frontier is edited by Rich Miller, the data center industry’s most experienced journalist. For more than 20 years, Rich has profiled the key role played by data centers in the Internet revolution. Meet the DCF team.

TOPICS

  • 5G Wireless
  • Cloud
  • Colo
  • Connected Cars
  • Cooling
  • Cornerstone
  • Coronavirus
  • Design
  • Edge Computing
  • Energy
  • Executive Roundtable
  • Featured
  • Finance
  • Hyperscale
  • Interconnection
  • Internet of Things
  • Machine Learning
  • Network
  • Podcast
  • Servers
  • Site Selection
  • Social Business
  • Special Reports
  • Storage
  • Sustainability
  • Videos
  • Virtual Reality
  • Voices of the Industry
  • White Paper

Copyright Data Center Frontier LLC © 2021