Centersquare—a Dallas-based provider of advanced data center colocation facilities across North America and the U.K.—has bolstered its holdings by acquiring 10 additional data centers across the U.S. and Canada.  The newly announced deals have a total enterprise value of $1 billion, the company said, expanding Centersquare’s portfolio to 80 facilities and “significantly increasing its capacity to support high-density computing workloads.”

Centersquare was formed as the result of a January 2024 merger between Dallas-based Evoque Data Center Solutions and Florida’s Cyxtera Technologies, two data center businesses owned by Brookfield Infrastructure Partners. The company rebranded as Centersquare in April 2024. 

“This package of acquisitions represents more than just volume growth,” Centersquare CEO Spencer Mullee said of the 10 new deals. “It reflects the growing strength and gaining momentum of our platform.”

“By adding capacity in strategic markets, we’re positioning Centersquare to capture the surging demand for trusted, high-performance infrastructure,” he added in a statement. “Our customers—from enterprise to scale—are looking for partners who can grow with them, and we are delivering the reliable power, connectivity, and engineered environments they need to accelerate innovation.”

10 data center deals funded with ‘cash on hand’

Centersquare said the acquisitions were self-funded “using cash on hand.” They include the purchase of two data centers in Boston and Minneapolis that the company had been operating under long-term lease agreements, as well as eight additional colocation facilities in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal.

Together, the company said the 10 sites bring “substantial power and space to Centersquare’s platform, house a robust base of enterprise and hyperscale customers, and provide abundant room for future expansion.”

Udhay Mathialagan, CEO of Brookfield Global Data Centers and Chair of Centersquare, said that “workloads are shifting” with enterprises moving off-premises, reconsidering public cloud strategies, and embracing AI-driven architectures that demand radically higher power densities.

“Over the last two years, Centersquare has continued to grow its customer and revenue base and developed a strong cost-efficient operating platform,” Mathialagan added in a statement. “These factors position the company well to make smart, value-accretive acquisitions such as these with the benefit of high confidence levels on revenues and costs.”

Supporting workloads that drive Gen AI, machine learning, and advanced analytics

Centersquare noted that as AI adoption accelerates, data center operators face “unprecedented demands” for scalable, energy-efficient, and resilient infrastructure. The company said it’s been investing heavily in solutions that meet these requirements, with a focus on supporting GPU-intensive workloads that drive generative AI, machine learning, and advanced analytics.

The company said it serves thousands of organizations across industries including technology, financial services, healthcare, and media, with flexible solutions backed by a 100% uptime guarantee. Earlier this month, Centersquare was named #11 on Data Centre Magazine’s list of “Top 100 Data Centre Companies.” 

In July, Centersquare announced its hiring of industry expert Jason Carolan as the company’s new chief development officer. 

Don’t miss what’s next. Subscribe to Dallas Innovates.

Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.