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365 Data Centers Expands Data Centre Portfolio with Acquisition of NYI-NJ Data
Wednesday 11 September 2019

11 September 2019 - Connecticut, US-based hybrid data centre services provider 365 Data Centers has acquired New Jersey, US-based NYI-NJ, the company said.
Funding for the acquisition came, in part, from a portion of a significant equity investment recently made in 365 by Turning Rock Partners, a New York-based investment firm, and 365's existing ownership group.
365's acquisition credit lines with Antares, ING Capital, and TD Securities were also partially used to fund the purchase. Terms of the transaction were not disclosed.
The New Jersey 25,000-square-foot data centre is 365's 11th data centre and offers an immediate 2.3MW of capacity 40 miles from New York City.
365 Data Centers said adding a central New Jersey data centre, strategically located between our Philadelphia and New York City facilities, bolsters 365's growing network-centric, edge data centre portfolio.
The acquired business will be quickly integrated, with resilient connectivity, into 365's existing platform of 10 data centres, 20 additional network PoPs, and cloud on-ramps.
This New Jersey addition further enhances 365's geographically diverse, interconnected data centres in the US. The transaction adds over 120 enterprise customers and increases the carrier network PoPs within 365's network-centric ecosystem to 150.
365 Data Centers is a provider of hybrid data centre solutions in 11 strategic, primarily edge, markets. The company operates facilities aggregating 200,000 square feet and 15mw of power, along with an interconnected, resilient, low latency, nationwide fiber network.
Shipman and Goodwin LLP served as legal counsel to 365. The Bank Street Group served as exclusive financial advisor to the seller.
Date Published: 11/09/2019
Target: NYI-NJ
Country: USA
Sector: Telecommunications
Type: Corporate acquisition
Status: Closed
Buyer: 365 Data Centers
Buyer Advisor: Shipman and Goodwin
Terms of the deal were not disclosed