Compass Datacenters buys ABRY and Goldman Sachs-backed ROOT
Compass Datacenters LLC has acquired ROOT Data Center, a Montréal-based wholesale data centre provider, for an undisclosed amount. ROOT was founded in 2014. The company's CEO, AJ Byers, will join Compass as president, international. ROOT has been backed by U.S. private equity firm ABRY Partners, which invested $25 million in 2016, and U.S. investment manager Goldman Sachs, which invested $90 million a year later. Compass, a Dallas-based data centre developer and operator, said the acquisition extends its footprint into the Montréal market and adds significant scale to its platform. RedBird Capital Partners and Ontario Teachers' Pension Plan together acquired a majority stake in Compass in 2017.
23 July 2019•4 mins read
