365 Data Centers Acquires Premier New Jersey Data Center

13 Sep 2019 by James Timmerwilke

365 Data Centers, a leading provider of hybrid data center services for carrier, content, and enterprise customers, has expanded its portfolio of data centers. Norwalk-headquartered 365 Data Centers announced the acquisition of NYI-NJ, a Bridgewater, New Jersey facility. The company now boasts of eleven data centers to its credit.

"We're thrilled to announce this latest acquisition of an impressive, customer-focused business and a well-maintained, highly resilient data center," said Bob DeSantis, Chief Executive Officer of 365 Data Centers in a statement. "Adding a central New Jersey data center, strategically located between our Philadelphia and New York City facilities, bolsters 365's growing network-centric, edge data center portfolio."

The New Jersey facility offers an immediate 2.3MW of capacity 40 miles from New York City. The 25,000 square-foot data center will be quickly integrated into 365's existing platform of 10 data centers, 20 additional network PoPs, and cloud on-ramps. According to 365 Data Centers, the transaction adds over 120 enterprise customers and increases the carrier network PoPs within 365's network-centric ecosystem to 150.

The data center provider informed that the funding for the acquisition came 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. The company also partially used 365's acquisition credit lines with Antares, ING Capital, and TD Securities to fund the purchase.

"We are pleased to make an investment in 365 alongside existing ownership to support the company's continuing success in providing hybrid data center solutions from extremely resilient network hubs. The highly committed management team and aligned investor base make terrific partners," said Maggie Arvedlund, CEO of Turning Rock Partners in a statement.

365 Data Centers has a presence in 11 strategic, primarily edge, markets. It has data centers in Boca Raton, Buffalo, Chicago, Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New Jersey, New York City, and Tampa. The company operates facilities aggregating 200,000 square feet and 15 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network.

Author

James Timmerwilke

Over 23 years of security and data center solution experience, I have a solid understanding of the industry and strive to provide a customized solution while keeping budget top of mind. Contact me for a data center or security assessment today.

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