Carrier-neutral interconnection and colocation firm Cologix could be eying a sale, after reportedly retaining investment banks to explore the possibility.

The Wall Street Journal cites people familiar with the matter who said that the company had turned to Barclays Bank and DH Capital and could attract bids of around $1.25 billion.

The year of M&As

Cologix JAX2 in Jacksonville, Florida
Cologix JAX2 in Jacksonville, Florida – Cologix

The company is currently backed by private investment firms that include Columbia Capital and Greenspring Associates, and operates 24 data centers across the US and Canada.

Cologix expanded with a combination of internal investment and external acquisitions, buying New Jersey-based Net Access last year, and both Florida’s Colo5 and Ohio’s Datacenter.BZ the year before.

The company has more than $70 million projected 2017 earnings before interest, taxes, depreciation and amortization, according to WSJ’s sources.

Regular DCD readers will be aware that this potential sale is just one of many that have occurred or have been floated as possible in recent months.

To name but a few, CenturyLink is selling its data centers for $2.3bn, Rackspace has been bought for $4.3bn and Verizon, Vantage Data Centers, and Mediacorp are all thought to be looking to offload their data centers.