Vantage Data Centers acquired by Digital Bridge consortium
Mon 27 Mar 2017
A consortium that includes Digital Bridge Holdings and TIAA Investments has acquired Vantage Data Centers, a premier California-based data center services provider.
Vantage Data Centers is a premium hyperscale data center services provider with campuses in Silicon Valley and the Pacific Northwest, whose customers include large enterprises and leading international technology providers.
Vantage will become the data center platform for Digital Bridge, whose prior acquisitions include DataBank, ExteNet Systems, and Vertical Bridge. Since 2013, Digital Bridge has raised more than $6.5 billion USD that has been used to acquire and invest in communications infrastructure.
In return, the consortium will help to provide the capital required to expand Vantage in existing, as well as new, markets and locations.
Vantage currently operates a flagship data center campus in Santa Clara, California, with four data centers currently in operation and two more under construction, comprising 75 total megawatts of IT load. Construction on the latest Vantage facility in Santa Clara kicked off just two weeks ago.
A second large-scale campus in the Silicon Valley will add 69 MW, making Vantage the largest wholesale data center provider in the area.
A secondary Vantage campus in Quincy, Washington consists of a 6 MW data center with plans for expanding both land and power in that market as well, with four additional data centers in development at the Quincy campus.
Marc Ganzi, co-founder and CEO of Digital Bridge, believes that Vantage is an extremely high-quality business that represents a unique opportunity to a consortium investing in data center infrastructure.
“This is a unique and special opportunity to invest in a company that has operational excellence, quality customers, and a current lease portfolio with long duration. It also has significant expansion capacity in Silicon Valley, perhaps the best data center market in the U.S.”
Vantage built a positive reputation with customers based on flexible turnkey solutions as well as custom-built data centers for enterprise clients. While financial terms of the acquisition were not disclosed, the company did state that each member of Vantage’s management team invested in the business alongside the consortium.