NEW YORK--(EON: Enhanced Online News)--Stonepeak Infrastructure Partners announced today the successful close of the previously announced transaction to acquire a majority interest in Cologix, a network neutral interconnection and data center company. The terms of the transaction were not disclosed.
“Stonepeak believes Cologix is positioned to disproportionately benefit from industry growth drivers, and we are excited to get to work with Grant and his team to realize that growth.”
Cologix operates 24 data centers across nine strategic markets in the United States and Canada. Cologix’s carrier neutral facilities offer its customers access to the densest collection of networks and cloud operators across its markets through its Meet-Me-Rooms. Cologix supports 1,600+ customers, including network providers, cloud providers, media companies, financial companies and enterprises, all looking to leverage the power of interconnection to reach new customers and future-proof IT deployments. The existing management team, led by Grant van Rooyen, will continue to run the company.
“Stonepeak brings a proven track record of partnering with management and a long-term investment approach that complements Cologix’s strategy,” said Grant van Rooyen, Chief Executive Officer and Chairman of the Board of Cologix. “Together we believe the opportunity for highly connected data center platforms is bright and our appetite to continue building our platform has never been higher. We look forward to working with Stonepeak in this next phase of company growth.”
“Cologix has distinguished itself by executing its plan to bring together high quality data center infrastructure and robust interconnection ecosystems across a unique footprint,” notes Trent Vichie, Co-Founder and Senior Managing Director of Stonepeak Infrastructure Partners. “Stonepeak believes Cologix is positioned to disproportionately benefit from industry growth drivers, and we are excited to get to work with Grant and his team to realize that growth.”
Cologix and Stonepeak announced the signature of the definitive merger agreement on February 2, 2017. Simpson Thacher & Bartlett LLP served as legal advisor to Stonepeak on the transaction. DH Capital and Barclays served as financial advisors to Cologix on the transaction and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor.
“We were delighted with the outcome of a successful process to identify a new partner,” said Joseph Valenti, Managing Director at Barclays. “Cologix has built a tremendous platform and the new investment from Stonepeak positions the company for continued long-term growth.” Doug Webster, Partner at DH Capital, agreed, saying, “Cologix is an extraordinarily well run company with a highly differentiated business model. They and their new partners have a great opportunity in front of them.”
About Cologix Inc.
Cologix provides reliable, secure, scalable data center and interconnection solutions from 24 prime interconnection locations across nine strategic North American edge markets. Over 1,600 leading network, managed services, cloud, media, content, financial services and enterprise customers trust Cologix to support their business critical infrastructure and connect them to customers, vendors and partners. Our dedicated, experienced local teams and scalable solutions enable us to provide industry-leading customer service and the ability to successfully support customers at the Internet’s new edge. For a tour of one of our data centers in Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, New Jersey, Toronto or Vancouver visit www.cologix.com or email firstname.lastname@example.org. Follow Cologix on LinkedIn and Twitter.
About Stonepeak Infrastructure Partners
Stonepeak Infrastructure Partners is a North America-focused private equity firm with a conservative yet opportunistic approach to infrastructure investing. Stonepeak invests in businesses comprised of hard assets with leading market positions primarily in power, renewables and utilities, midstream energy, transportation, water and communications. Stonepeak, founded in 2011 and headquartered in New York, manages $6.4 billion of capital for its investors.