Serverfarm and NantWorks Acquire LAX1 Data Center in El Segundo

Manulife Investment Management Acquires Controlling Interest in Serverfarm

September 7, 2023

Infrastructure

Manulife Investment Management, on behalf of Manulife Infrastructure Fund II, completed the acquisition of a controlling interest in Serverfarm on September 1, 2023, with ongoing financial support from NantCapital (NANT). The investment will fund Serverfarm's global expansion of its data center portfolio and accelerate adoption and market reach of its InCommand DMaaS platform; Avner Papouchado will remain CEO and retain a significant ownership stake alongside NANT.

Tonaquint Acquires Former EdgeX Data Center in Oklahoma City

January 17, 2024

Cloud & SaaS

Tonaquint acquired the former EdgeX data center facility in Oklahoma City in late 2023 and is upgrading the site from a single-client environment to a multi-tenant, initially deploying 2.5 MW of critical IT load with expansion capability up to 12 MW. The St. George, Utah–based data center operator (PE-backed by DIF Capital Partners) is refreshing infrastructure and customer spaces to target high-density and AI workloads and begin taking orders for capacity in April 2024.

Hypertec Cloud Acquires 5C Data Centers to Form 5C Group

April 10, 2025

Infrastructure

Hypertec Cloud has acquired 5C Data Centers and spun Hypertec Cloud out of Hypertec Group to create 5C Group, a combined AI digital infrastructure provider. The deal integrates Hypertec Cloud's high-performance AI compute capabilities with 5C Data Centers' U.S. campus footprint to accelerate AI deployments, improve speed-to-deployment, and optimize performance and cost for large AI and enterprise customers.

UPSTACK Acquires DataCenterAndColocation.com

July 22, 2021

IT Services

UPSTACK has acquired DataCenterAndColocation.com, a consulting firm that advises midmarket and enterprise customers on data center and colocation solutions; terms were not disclosed. As part of the deal, CEO John Giaquinta joins UPSTACK as a Partner and Managing Director and becomes an equity stakeholder. The acquisition supports UPSTACK's strategy to expand its advisor network and capabilities as it scales following a $50 million equity investment from Berkshire Partners.

VPLS Acquires Carrier-1 Dallas Data Center

April 22, 2022

Infrastructure

US colocation operator VPLS acquired Carrier-1’s 106,000 sq ft (now DA4) data center facility in Dallas, Texas, adding up to 10MW of capacity and expanding its Dallas footprint. Financial terms were not disclosed; Bank Street Group LLC served as exclusive financial advisor to Carrier-1.

Zenith Energy Acquires Three West Coast Terminals from Plains All American Pipeline

October 16, 2020

Energy

Zenith Energy U.S., L.P. completed the acquisition of three interconnected terminals in greater Los Angeles (Long Beach, Dominguez Hills and Alamitos) from Plains All American Pipeline. The assets include an aggregate storage capacity of 8.2 million barrels and ~50 miles of bi-directional pipeline, giving Zenith a strategic foothold in the Los Angeles market to serve refineries, biorefineries and marine docks.