US colocation firm VPLS has acquired Carrier-1's data center in Dallas, Texas
The company this week announced the acquisition of the 106,000 sq ft, 10MW facility, its fourth in the Dallas area. Terms of the deal were not disclosed.
“We are excited to welcome the Carrier-1 customers and employees to the VPLS family,” said Arman Khalili, CEO of VPLS. “Texas has always been a strategic market for VPLS with sophisticated, high-growth customers requiring best-in-class digital and internet infrastructure solutions for their data center and computing needs. The acquisition of Carrier-1 provides VPLS an opportunity to deepen our relationships with these customers.”
Carrier-1 CEO Peter Pathos – previously of CoreXchange, Inc. which was sold to Zayo in 2014 – acquired the 8.6-acre site in 2012, repurposing the existing building into a data center that opened in 2014.
The facility – located at 1515 Round Table and now renamed DA4 – offers 68,500 sq ft (6,350 sqm) of colocation space; currently it provides 7.5MW of critical IT load, expandable to 10MW.
“We are excited about the growth opportunities that are now available to our employees and clients,” added Julia Morgan, President of Carrier-1. “100 percent Uptime, around-the-clock security, and on-site support assistance will remain paramount. The addition of VPLS’s expansive service offerings and facilities provide existing Carrier-1 customers new options for geographic diversity and enhanced solutions.”
Bank Street Group LLC served as the exclusive financial advisor to Carrier-1 in connection with this transaction.
“Bank Street’s deep domain expertise in the data center sector, combined with their active dialogues across a broad array of financial and strategic buyers, allowed us to run an organized and efficient sale process,” said Morgan. “Their tailored guidance throughout the entire process helped us achieve a remarkable outcome and we are thrilled to begin our partnership with VPLS to deliver state-of-the-art data center services in the Dallas market.”
Evocative Data Centers acquired VPLS in 2019, subsequently rebranding under the newly bought company's name Earlier this month the company announced a $30 million equity investment led by Crestline Investors, Inc. to fund acquisitions and further growth. Crestline previously led a $30 million preferred equity and debt investment in the company in 2019.
The company acquired a number of data centers last year, buying a 30,000 sq ft (2,800 sqm), 3MW facility in Santa Clara, California from Wave Broadband in November; a 75,000 square foot (7,000 sqm), 10MW data center in Texas in August; and a former vXchange facility in Chappaqua, New York, in April. In October 2020 VPLS acquired the Hawaii-based ZR Systems and the company’s Honolulu data center with it.
