Blackstone’s $10 billion acquisition of QTS Realty Trust has now closed.

“Blackstone and QTS Realty Trust today announced that affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and Blackstone Property Partners have completed their previously announced acquisition of QTS Realty Trust,” the companies said this week.

Blackstone and the data center firm first announced the $10 billion deal in June, and the 40-day "go-shop" period during which QTS could solicit alternative offers expired in July. QTS shareholders last week approved the deal.

Greg Blank and Tyler Henritze, senior managing directors at Blackstone, said: "We are thrilled to complete this transaction and are excited about the future of QTS. We look forward to working with QTS and its world-class management team to further scale the business to meet the rising demand for data centers."

"Completing this transaction with Blackstone marks an exciting new chapter for QTS," said Chad Williams, CEO of QTS.

Founded in 2003 and based in Overland Park, Kansas, QTS is a real estate investment trust that owns more than seven million square feet of data center space in 28 locations across North America and Europe. The company went public in 2012 via an IPO on the NY Stock Exchange.

Jefferies LLC and Morgan Stanley & Co. LLC acted as financial advisors to QTS, and Hogan Lovells US LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to QTS. Citigroup Global Markets Inc., Barclays, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as financial advisors to Blackstone, and Simpson Thacher & Bartlett LLP acted as its legal counsel.

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