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Colocation Provider Sells to PE Firm

DENVER—Stonepeak Infrastructure Partners will provide Cologix will invest $500 million of incremental capital to help finance the data center operator's growth plans.

By Paul Bubny | paulbubny | Updated on February 03, 2017

Interior of data center A Cologix data center facility in Jacksonville, FL.

DENVER—Colocation services provider Cologix said Thursday afternoon that Stonepeak Infrastructure Partners had agreed to acquire a majority interest in the company. Deal terms were not disclosed; however, the Wall Street Journal reported this past December that a potential sale of Cologix, which operates 24 data centers in nine key US markets, could be valued at more than $1.25 billion.

Stonepeak will invest $500 million of capital incrementally to help support Cologix’s growth plans. “We have felt for some time that the opportunity within our markets and our sector broadly has far more potential than we have been able to practically finance,” says Cologix CEO Grant van Rooyen. “With this transaction and the incremental investment, we will now have the financial capacity we want and need.”

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