Dallas-based colocation provider significantly expanded its data center portfolio, scooping up 10 facilities in the U.S. and Canada.
The transactions, with enterprise value of $1 billion, are self-funded by Centersquare using cash on hand. They include the purchase of two data centers in Boston and Minneapolis that the company had been operating under long-term lease agreements, along with eight additional colocation facilities in Dallas, Tulsa, Nashville, Raleigh, Toronto and Montreal.
"By adding capacity in strategic markets, we are positioning Centersquare to capture the surging demand for trusted, high-performance infrastructure," Spencer Mullee, CEO of Centersquare, said in a statement.
The acquisitions bring Centresquare's total holdings to 80 facilities.
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