Digital Colony closes $720 mln acquisition of Cogeco Peer 1
Digital Colony, a U.S. digital infrastructure private equity firm, has closed its acquisition of Cogeco Peer 1, a Toronto-based provider of colocation, network connectivity and managed services. The deal, announced in February, was valued at $720 million. The seller was Cogeco Communications Inc (TSX: CCA). Cogeco Peer 1, led by CEO Susan Bowen, will now operate as a standalone business with headquarters in Toronto, focused on neutral-host digital infrastructure solutions. Cogeco Communications formed Cogeco Peer 1 following its 2013 acquisition of PEER 1 Network Enterprises Inc from Canadian mid-market private equity firm Clairvest Group.
1 May 2019•3 mins read
