DataBank, a Dallas-based colocation, edge computing, and managed cloud services provider, is acquiring CyrusOne’s four Houston-area data centers for $670 million.
With the acquisitions, DataBank’s reach now includes 27 metro markets—the largest geographic footprint of any data center operator in the U.S.
The news comes in the wake of an agreement by Dallas-based CyrusOne to a $15 billion take-private deal by KKR & Co. and Global Infrastructure Partners.
DFW just had its ‘most active quarter of leasing of all time’
The data center market has been red hot lately, as Dallas Innovates wrote last week. According to a CBRE market flash, the Dallas-Fort Worth data center market had its “most active quarter of leasing of all time” in Q4 2021.
“We’re excited to add the Houston market to the DataBank portfolio,” said Raul Martynek, DataBank’s CEO, in a statement. “With our deep roots in Texas, it was a logical metro for us to expand into and allows us to bring our digital infrastructure and interconnection solutions to the fourth-largest metro in the U.S.”
Combined, the four Houston data centers provide DataBank with more than 300,000 additional square feet of raised-floor data center capacity and 42.5 megawatts of critical IT load.
Three of the four Houston-area data centers (including Houston West III, seen above) are located on the Westway Park Blvd. campus 20 minutes west of downtown Houston. That campus serves as Houston metro’s primary interconnection point—with over 30 fiber networks, 3,500 cross connects, and public cloud on-ramps from AWS and Google.
A roster of blue-chip customers
DataBank also acquired CyrusOne’s roster of blue-chip customers in the healthcare, financial, energy, media, and software sectors.
Its total portfolio includes more than 65 facilities and 2 million square feet of raised-floor data center capacity.
The deal was underwritten by TD Securities and CIT, a division of First Citizens Bank. Jones Day served as legal advisor for the transaction.
DataBank named new COO last week
In other recent DataBank news, the company named Joe Minarik last week as its chief operating officer. We covered his hire in our roundup of promotions and accolades in Dallas Innovates People.
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