An investor group led by Chirisa Investments has acquired US colocation provider 365 Data Centers for an undisclosed sum.

In addition, the group, which also includes Lumerity Capital and Longboat Advisors, has appointed Bob DeSantis, previously co-founder and managing partner of Xand, as CEO.

Expansion potential

The purchase gives the group eight data centers spread across Buffalo, Chicago, Detroit, Indianapolis, Nashville, Philadelphia, New York and Tampa.

The data centers, which primarily consist of leased data halls in larger colocation facilities, have a combined floor space of 126,000 square feet (11,705 sq m) and 9 MW of power capacity. Earlier this year, 365 sold two data centers to DataBank.

“This initial acquisition provides us with a proven carrier neutral platform in predominantly edge markets that can realize internal growth from added content provider and enterprise market share and be enhanced by additional data center and managed services investments,” DeSantis said.

“We intend to grow the company for our customers, employees and investors by significantly increasing our sales team, investing in new product offerings, and broadening our target market to leverage our exceptional carrier, content, and cloud centric ecosystem and the available space and power at each of the facilities.”

Colm Piercy, head of Chirisa, added: “This investment provides Chirisa with a solid foundation to execute on its strategy to broaden its data center, managed services, and real estate reach into the US market.”

Piercy is also the chairman of Dublin-based wholesale data center company Dataplex.

Under the terms of the deal, 365’s corporate offices will shift from Emeryville, California to Fairfield County, Connecticut.