Compass Datacenters was created to deploy data center capacity in new ways in new places. It will now be pursuing that plan with new investors.
Private equity firm Redbird Capital and the Ontario Teachers Pension Fund are the new investment team, with Compass founder and CEO Chris Crosby and the management team retaining an equity stake and continuing to head the company’s operations.
The deal highlights the growing investor interest in edge computing and new data center capacity to support the Internet of Things. Redbird is also an investor in Tierpoint, which like Compass has focused on building data centers in secondary markets across the U.S.
“The next major wave of growth in the data center industry will be driven by the need for dedicated data centers that address technology trends including large-scale Internet of Things deployments, edge computing strategies that reduce latency, rapid delivery of new applications, and more,” said Crosby.
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