Partners Group is investing up to $1.2bn (鈧�1.16bn) to buy and expand US data centre company EdgeCore Digital Infrastructure.
Partners Group鈥檚 $21bn private infrastructure business, investing on behalf of its clients, has acquired the hyperscale data centre operator and developer EdgeCore with a plan to build out the firm鈥檚 existing and future data centre sites.
EdgeCore selects, builds, and commercialises data centres for the world鈥檚 largest cloud, internet, and technology companies.
Ed Diffendal, a managing director and co-head of Partners Group鈥檚 private infrastructure in the Americas, said: 鈥淭hrough our thematic investing approach, we found rising demand for data centres in the US as service providers deploy more capacity to support businesses migrating to the cloud.
鈥滶dgeCore is a unique next-generation infrastructure investment due to its strong portfolio of data center sites, advanced pipeline of shovel-ready assets in strategically important markets, and talented management team. We look forward to building out the platform.鈥�
Tom Ray, EdgeCore鈥檚 CEO, said: 鈥淓dgeCore differentiates itself through a combination of superior site locations, excellent reliability, flexible customer solutions, and speed to market. We build data centres in areas that maximise our pool of potential customers and design them to the performance standards of the top hyperscale customers.
鈥漌e have identified a pipeline of opportunities across the US and believe Partners Group鈥檚 extensive experience working with infrastructure platforms, coupled with its financial resources, will enable us to execute on current and future opportunities.鈥�
Fentress Boyse, a member of management at Partners Group鈥檚 private infrastructure in the Americas, said: 鈥淓dgeCore has strong infrastructure characteristics and is set to benefit from structural tailwinds across the data centre sector. Businesses are increasingly shifting IT infrastructure to scaled outsourced cloud service provider data centres, which have more efficient power and cooling capabilities.
鈥漈he company is at an inflexion point in its growth journey and our transformational value creation plan aims to build a best-in-class sustainable digital infrastructure platform for the largest demand users in this market.鈥�
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