Canadian data center firm Carrier Connect is acquiring a data center in Ottawa.

The company has entered into a definitive share purchase agreement to acquire all of the issued and outstanding securities of PureColo Inc. from its existing shareholders.

The deal will see the company issue 4.6 million common shares and cash totaling US$2.3 million to PureColo shareholders.

PureColo operates two data centers in Ottawa, Ontario: one on Riverside Drive and another on March Road. The two facilities total 2.5MW across 25,000 sq ft (2,322 sqm) and around 250 racks. The company serves some 60 customers.

PureColo’s unaudited revenue for 2025 is forecast to be CAD ~$2.35m based on current run rates. On the same measure, gross profit is CAD ~$1.13m, and operational expenses are forecast to be CAD $1m. Purecolo has CAD $3.5m in property, plant, and equipment with CAD $3.7m in total assets.

Rainer Paduch, PureColo CEO, said: “The PureColo team has been working with the CCDS team through the due diligence process. The relationship has progressed well, indicating that the integration of PureColo into CCDS should go smoothly. PureColo has been seeing opportunities for CCDS’ existing data centers that were referred over. PureColo has also seen an uptick in mid-market AI opportunities that fit well into the CCDS & PureColo data centers and should drive significant revenue going forward.”

Founded in 2016. PureColo operates a data center at 390 March Road in the Kanata area of the city. Owned byWesley Clover International Corporation affiliate KRP Properties, the building was constructed in 1978 and expanded in 1981. Online listings suggest local MSP DNSnetworks and HiveDC currently or previously operated out of the building.

Online listings suggest PureColo also operates out of 3755 Riverside Drive, an office complex largely leased to IBM. Crown Realty Partners acquired it in 2021 but is reportedly looking to sell the site. PureColo has been present since at least 2024, according to local leasing data.

Software provider Leonovus was set to acquire PureColo in early 2020, but the deal was called off later that year after the buyer couldn’t secure financing for the deal.

“We are thrilled to be adding PureColo’s Ottawa-based data centers to the Carrier Connect portfolio. With this acquisition, Carrier has 4 data centers, in 3 regions, with a strong revenue base and expansion capacity as well,” added Carrier CEO Mark Binns. “PureColo gives us more space to offer our existing and prospective customers while we continue to accumulate further capacity through ongoing acquisitions. We welcome the whole PureColo team to the Carrier family.”

Carrier currently operates a data center at 200 Burrard Street in Vancouver, British Columbia, Canada. Launched in 2022, the facility offers capacity for 50 racks. The 21-story office building totals more than 365,000 sq ft (33,909 sqm).

Launched in 2019, Carrier initially operated a seven-rack presence for a handful of clients in the Spencer Building carrier hotel at Harbour Centre in Vancouver, before moving to a larger space at 200 Burrard in 2022 and closing the Spencer Building operation. According to a company presentation, the company aims to acquire more data centers this year and build its own by 2027.

The company joined Canada’s TSXV exchange earlier this year after Carrier Connect Systems Ltd. merged with Hopefield Ventures Two Inc.

Earlier this year, the firm acquired a data center in Perth, Australia. The 2MW facility offers capacity for up to 220 racks.