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Element Critical Acquires Austin One to Boost Data Centre Capabilities in Texas
Wednesday 15 September 2021

Virginia, US-based data centre services provider Element Critical has completed the acquisition of Austin One, a 62,000-square foot data centre in Austin to expand presence in the Texas market, the company said.

Terms of the transaction were not disclosed.

The purchase of Austin One marks the company's second data centre investment in Texas.

Combined with Element's Houston facility, the company can support production and Disaster Recovery environments between the two urban centres from one platform.

Austin One is designed to support 7mw of critical IT load, providing Element Critical the capability to support long-term customer demand in the growing Austin data centre market.

Element Critical and its investors were advised in this transaction by the law firms of Greenberg Traurig, LLP, and Shearman and Sterling LLP.

Bank Street Group LLC served as exclusive financial advisor to the Seller in connection with this transaction.
Date Published: 15/09/2021