Colocation provider Cologix has been acquired by private equity firm Stonepeak Infrastructure Partners in a deal highlighting investor interest in interconnection services in regional markets. Stonepeak says it is investing $500 million to accelerate the growth of the Cologix platform, which is focused on second-tier cities and includes a presence in leading markets in Canada.
Cologix operates 24 data centers across nine markets in the United States and Canada, with facilities in Minneapolis, New Jersey, Jacksonville, Lakeland, Fla. and Columbus, Ohio in the U.S. and Canadian sites in Montreal, Toronto and Vancouver.
Cologix is notable for its focus on carrier neutral facilities and meet-me rooms in connectivity hubs in regional markets. The company has 1,600 customers, include network providers, cloud computing companies and enterprises, espeically in media and finance.
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