Compass Datacenters Announces $3 Billion Expansion Plan
Receives significant follow-on investment from RedBird Capital Partners and Ontario Teachers’ Pension Plan.
Compass Datacenters, LLC has announced new growth initiatives to develop up to $3 billion in new data center campuses over the near term. This follows additional capital from existing investors, RedBird Capital Partners and Ontario Teachers’ Pension Plan, as well as new investment partner the Azrieli Group (“Azrieli”) (TASE: AZRG), a leading Israeli real estate development company.
The continued support from RedBird Capital and Ontario Teachers’ and the introduction of Azrieli to the investor group, reinforces Compass’s momentum across its key markets, including construction starts at its Phoenix and Northern Virginia data center campuses. The additional capital and financial commitments will allow the Company to accelerate its growth plans and better serve its customer base.