King Street Capital Acquires Colovore

DataBank Acquires zColo Data Centers; Edgewater Growth Capital Invests in DataBank

December 1, 2020

Infrastructure

Edgewater Growth Capital Partners IV invested in DataBank to fund DataBank's acquisition of zColo Data Centers from Zayo Group Holdings, adding 44 data centers across 23 U.S. and European markets. The deal expands DataBank's footprint to a national scale—bringing the company to 64 data centers in 29 markets and strengthening its edge colocation, connectivity and managed services capabilities.

Bain Capital Acquires 80% Stake in AQ Compute

October 30, 2024

Infrastructure

Bain Capital has acquired an 80% majority stake in sustainability-focused data center developer AQ Compute from Germany-based Aquila Group, forming a partnership to accelerate the buildout of green data centers across Europe. The investment targets multi-billion euro development volumes to expand AQ Compute’s modular, AI-ready colocation capabilities for hyperscale, cloud and AI customers.

Leonovus Inc. to Acquire PureColo Inc.

February 27, 2020

Telecommunications

Leonovus Inc. signed a Letter of Intent to acquire Ottawa-based colocation provider PureColo Inc. for CAD 3,000,000 plus assumption of approximately CAD 500,000 of debt, with payment in cash and units and contingent equity tied to revenue milestones. The acquisition is intended to add colocation and edge computing capabilities to Leonovus's data management software portfolio and generate recurring revenue through multi-year customer contracts.

Cohere Capital Makes Growth Investment in ClearScale

January 7, 2020

IT Services

Boston-based private equity firm Cohere Capital has completed a strategic growth investment in ClearScale, a San Francisco–based cloud-native systems integrator and application development firm. The investment will fund ClearScale's expansion of managed services, sales, marketing and service delivery capabilities, and growth of its data analytics and machine learning practices across additional U.S. locations.

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.

Colohouse Acquires Hivelocity

April 2, 2024

Infrastructure

Colohouse, a portfolio company of Valterra Partners, has acquired Hivelocity, combining Colohouse’s colocation and cloud services with Hivelocity’s bare-metal hosting and network automation capabilities. The transaction—supported by a $70 million expansion financing led by Turning Rock Partners and participation from existing shareholders—creates a combined business headquartered in Tampa, Florida with 40+ data center locations and expanded product offerings.