The move will extend a footprint into strategic Montreal market with significant capacity for continued growth.
Compass Datacenters, LLC has announced that it has completed the acquisition of ROOT Data Center. The ROOT acquisiton is the first by Compass since its recently announced plan to develop up to $3 billion in new data center campuses, which included follow-on investments from existing investors RedBird Capital Partners and Ontario Teachers’ Pension Plan, as well as from new investment partner the Azrieli Group Ltd., a leading Israeli real estate development company. Financial terms of the ROOT transaction were not disclosed.
The acquisition of ROOT adds significant scale to the Compass platform and is highly complementary to Compass’s core strategy of serving high-growth hyperscale and cloud customers with dedicated facilities delivered on expedited timelines. Following the acquisition, Compass has the capacity to expand up to 375MW of IT load across its current campuses.