Iron Mountain’s $1.315 billion Acquisition of IO Data Centers’ U.S. Operations

Simpson Thacher is representing IO Data Centers LLC in its sale to Iron Mountain Incorporated.

The announced deal is worth $1.315 billion plus up to $60 million based on future performance. The transaction is anticipated to close in January 2018, subject to satisfaction of customary closing conditions.

IO Data Centers LLC is a leading colocation data center services provider based in Phoenix, Arizona. Iron Mountain Incorporated is the global leader in storage and information management services.

The Simpson Thacher team includes Gary Horowitz (Picture), Mike Wolfson, James Parry, M. Shin, Mary-Jane Rabeony and Erica Egenes (M&A); Nancy Mehlman, Jodi Schneider and Chris Murray (Tax); Lori Lesser and Kate Stein (IP); and Andrew Blau, Alina Grinman and Michael Cook (ECEB).

 

Involved fees earner: Gary Horowitz – Simpson Thacher & Bartlett; Michael Wolfson – Simpson Thacher & Bartlett; James Parry – Simpson Thacher & Bartlett; M. Shin – Simpson Thacher & Bartlett; Mary-Jane Rabeony – Simpson Thacher & Bartlett; Erica Egenes – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Kate Stein – Simpson Thacher & Bartlett; Andrew Blau – Simpson Thacher & Bartlett; Alina Grinman – Simpson Thacher & Bartlett; Michael Cook – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: IO Data Centers LLC;