Agile Data Sites Partners with Lincoln Rackhouse to Acquire Bytegrid’s Former Assets And Clients
Acquiring Bytegrid’s former book of business will extend Agile Data Sites’ Footprint in Washington, D.C. and establish a presence in the Chicago, IL market.
Agile Data Sites has announced that it is partnering with Lincoln Rackhouse to lease 3MW of data center space and procure a portion of the services business recently acquired by Lincoln Rackhouse from Bytegrid. The additional data center locations enable Agile Data Sites to grow its offering with compliant managed services, including colocation and Disaster Recovery-as-a-Service (DRaaS), and extend its footprint. With this partnership, Agile Data Sites, currently offering three previously established locations in Allentown, PA, King of Prussia, PA, and Silver Spring, MD, increases its presence in Silver Spring, MD, and adds a new location in Aurora, IL. Funding for this expansion was provided by a recent recapitalization of the business by local U.S.-based partners, with additional financing provided by Freedom Bank of Virginia.
Through this transaction, Agile has acquired Bytegrid’s former colocation, compliant hosting, and managed services assets, along with the company’s clients in Silver Spring, MD, and the greater D.C. metro area. Agile has also acquired Bytegrid’s compliant hosting and managed services business in Chicago. Lincoln Rackhouse will continue to own and operate the real estate at each site and will partner with Agile to market additional available inventory.
“We’re thrilled to be growing and expanding our business to better deliver future-proofed IT transformation solutions and meet even the most demanding needs of our clients,” comments Jim Weller, chief executive officer of Agile Data Sites. “Partnering with Lincoln Rackhouse has helped us to successfully identify new growth opportunities and bolster our capabilities with strategic real estate investments.”
Since joining the Agile Data Sites team as CEO in January 2019, Weller has been spearheading the company’s efforts to grow into new markets and augment its service and product offerings. Agile’s data center offerings and recently-expanded technology solutions cater to a wide range of existing enterprise customers and verticals, including major healthcare, research, and higher education institutions.
Lincoln Rackhouse specializes in creating mutually beneficial partnerships with companies like Agile Data Sites. These partnerships, based on long-term, stable leases with cloud and colocation operating partners, enable Lincoln Rackhouse to acquire, own, and operate real estate in the form of premium-quality data center assets. This strategy helps empower partners, enabling them to focus their attention on their core business of colocation and managed services. Lincoln Rackhouse will continue to acquire enterprise data center facilities and anchor them with operating partners to accommodate the enterprise shift in demand for data center space and further expand its footprint.
“We have clearly developed a strong business model based on a complex but proven approach to strategic acquisitions and operating partner leases. This process helps us to pave the way for operators like Agile as they expand into new markets and look for opportunities for business growth in this competitive sphere,” states Ryan Sullivan, managing director for Lincoln Rackhouse. “This partnership underpins our dedication to serving as a trusted ally for service operators, creating flexibility and taking on the complex aspects of the process so our partners can remain focused on their core business operations.”