Jones Day has advised DataBank, Ltd., a Digital Bridge portfolio company, in its acquisition of network neutral data center facilities in both Cleveland and Pittsburgh from 365 Data Centers.
The acquisition provides DataBank with key interconnection assets in both markets and further accelerates the company’s national expansion strategy. Both markets were identified by DataBank as attractive expansion geographies, and the acquisition provides the Company with differentiated entry points due to the number of top-tier carriers, the downtown locations and the existing high quality customer bases. DataBank plans to leverage these locations as an anchor for future expansion in each market.
DataBank has custom-tailored solutions for colocation, cloud, interconnectivity, storage, and hosting along with a suite of complementary managed services available now in six major US markets which include Pittsburgh, Cleveland, Minneapolis, Kansas City, Dallas and Salt Lake City.
Jones Day has advised DataBank on the deal with a team led by Ismail Alsheik.
Involved fees earner: Ismail Alsheik – Jones Day;
Law Firms: Jones Day;
Clients: DataBank Holdings Ltd.;