DataBank, a Digital Bridge portfolio company, is to acquire C7 Data Centers, a data centre service provider in the Salt Lake City market.
C7 currently operates three, highly interconnected data centres in the region, including the primary carrier hotel in downtown Salt Lake City, and has a large established customer base of enterprise, carriers, content providers and cloud services providers.
The acquisition complements DataBank’s existing portfolio in Minneapolis, MN, Kansas City, KS, and Dallas, TX.
The market in Salt Lake City has experienced significant growth as a data centre destination for west coast enterprises due to its network density and favourable business environment. The acquisition represents the company’s first investment in the western US.
“Entering a new strategic market like Salt Lake City represents a huge milestone for the company,” says Timothy Moore, CEO of DataBank. “C7 has a strong reputation and is one of the leading providers of data centre and IT services in the region. The C7 strategy, interconnection density, and client base is similar to ours; we see this as a natural extension of DataBank’s vision that will help us with our customers as they continue to expand.”
“We are very pleased to see DataBank executing on the growth plan and adding a fourth market in a growing region,” says Jon Mauck, DataBank’s president and chief investment officer. “We continue to see compelling opportunities, both organic and acquisition-related, on the horizon.”
“DataBank is a great fit for this market,” says Wes Swenson, CEO of C7 Data Centers. “It was immediately apparent how they would benefit our existing client base. The combination of new markets and expertise will add incremental capabilities and expand our geographic service offerings.”
Following the acquisition of C7, DataBank now operates in four major US markets.
