H5 Data Centers Announces Acquisition of Three Locations from 365 Data Centers
The acquired portfolio of highly interconnected data centers in Buffalo, Nashville and Tampa is the result of a joint venture with Novacap
BEVERLY HILLS, Calif.–(BUSINESS WIRE)–H5 Data Centers, a leading owner and operator of mission-critical data center infrastructure and interconnection ecosystems across the United States, today announced the acquisition of three data centers from 365 Data Centers. Located in Buffalo, New York, Nashville, Tennessee, and Tampa, Florida, each of the data centers are highly interconnected, carrier-dense locations that play an important role in each city’s digital infrastructure ecosystems. Together, the assets establish an immediate footprint across multiple high-value markets and significantly advance H5 Data Centers’ long-term strategy to develop interconnection ecosystems across North America.
The acquisition represents the second portfolio that H5 Data Centers and Novacap have partnered to acquire. In January last year, the companies announced the acquisition of a U.S. wholesale data center portfolio.
Josh Simms, CEO of H5 Data Centers, said:
These facilities are important digital infrastructure assets with deeply interconnected ecosystems and long-standing customer relationships,
“They fit within our focus of owning and operating data centers that support carrier networks, digital content distribution, and the next generation of cloud, AI, and enterprise workloads.”
Ted Mocarski, Senior Partner and Head of Digital Infrastructure at Novacap, added:
H5 Data Centers brings deep operating expertise and a clear vision for building highly interconnected data centers,
“This transaction fits squarely within our strategy of building a diversified portfolio of high-quality digital infrastructure assets.”
Derek Gillespie, CEO of 365 Data Centers, said:
365 is proud to have developed each of these data centers into the leading regional network hub and pleased that HyscaleIX, under the stewardship of H5 Data Centers, is a customer focused, best-in-class operator
“The sales proceeds will further enable 365 to expand and deliver higher-density MW services at a number of our larger facilities.”
Bob DeSantis, Co-Founder and Board Member of 365, added,
This successful transaction for 365 aligns perfectly with the company’s and its investors’ strategic objectives and provides management with the financial flexibility to achieve them.
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H5 Data Centers Announces Acquisition of Three Locations from 365 Data Centers, source
