DataBank, Ltd., a Digital Bridge portfolio company, has signed a definitive agreement to acquire C7 Data Centers, the leading data center service provider in the Salt Lake City market.
C7 currently operates three, highly interconnected data centers in the region, including the primary carrier hotel in downtown Salt Lake City, and has a large established customer base of enterprise, carriers, content providers, and cloud services providers.
The acquisition complements DataBank’s existing portfolio in Minneapolis, MN, Kansas City, KS, and Dallas, TX, and is an attractive expansion market for DataBank’s existing customers. The market in Salt Lake City has experienced significant growth as a data center destination for west coast enterprises due to its network density and favorable business environment.
The acquisition represents the Company’s first investment in the western United States and immediately positions DataBank as the leading provider in the Salt Lake City market with significant room for future expansion to support growth.
Following the acquisition of C7, DataBank now operates in four major US markets. The company spans over a quarter of a million square feet of top-tier data center space across Salt Lake, Dallas, Kansas City and Minneapolis. Services include a full suite of colocation, cloud, managed and network services.
Stifel served as exclusive financial advisor to C7 Data Centers in the transaction.
Jones Day has advised DataBank Holdings Ltd. on the transaction with a team led by partner Ismail Alsheik (picture) assisted by associate Melissa Kalka.
Law Firms: Jones Day;
Clients: DataBank Holdings Ltd.;