US operator Centersquare has acquired a portfolio of data centers in the US and Canada.

The Brookfield-owned company this week announced the acquisition of 10 data centers across the United States and Canada.

Acquired sites include two data centers in Boston and Minneapolis that the company had been operating under long-term lease agreements, along with eight additional colocation facilities in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal.

The company said the sites house a “robust base” of enterprise and hyperscale customers, and provide “abundant room” for future expansion.

The $1 billion deal is being self-funded by Centersquare using cash on hand. Further details, including the seller(s), were not shared.

A company spokesperson told DCD the sites were bought from "multiple sellers who wish to remain anonymous."

“This package of acquisitions represents more than just volume growth — it reflects the growing strength and gaining momentum of our platform,” said Spencer Mullee, CEO of Centersquare.

“By adding capacity in strategic markets, we are positioning Centersquare to capture the surging demand for trusted, high-performance infrastructure. Our customers — from enterprise to scale — are looking for partners who can grow with them, and we are delivering the reliable power, connectivity, and engineered environments they need to accelerate innovation.”

The deal takes the firm’s portfolio to 80 facilities, with Centersquare saying the acquisition “significantly” increases its capacity to support high-density computing workloads. The company’s website says the firm’s sites total more than 400MW of capacity and 3.5 million sq ft.

“Workloads are shifting — we’re seeing enterprises move off-premises, reconsider public cloud strategies, and embrace AI-driven architectures that demand radically higher power densities,” added Udhay Mathialagan, CEO of Brookfield Global Data Centers and chair of Centersquare.

“Over the last two years, Centersquare has continued to grow its customer and revenue base and developed a strong cost-efficient operating platform. These factors position the company well to make smart, value-accretive acquisitions such as these with the benefit of high confidence levels on revenues and costs.”

Centersquare was formed in April last year, when Brookfield merged Cyxtera and Evoque under a new brand.

Brookfield formed Evoque in 2019 after acquiring AT&T’s data center and colocation assets. Cyxtera was acquired in 2023 after the colocation firm had entered bankruptcy proceedings.

Brookfield's data center portfolio includes DCI Data Centers in APAC, Data4 in Europe, and Compass Data Centers in North America, among others.

Compass' website lists facilities in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal - as well as Boston and Minneapolis. The company hasn't made any announcements about a sale, however.