I Squared Capital, a global infrastructure investment manager, has announced that it has entered into a definitive purchase and sale agreement to acquire a portfolio of 10 data center facilities from Cogent Fiber, an indirect, wholly owned subsidiary of Cogent Communications Holdings, for $225 million in cash.
The acquisition will seed a new U.S. data center operating platform focused on colocation, high-density deployments and artificial intelligence (AI) inference infrastructure. I Squared has committed up to $1 billion to build the platform through targeted capital investment, customer-led expansion and additional acquisitions.
The seed portfolio comprises approximately 53 megawatts of installed power capacity and approximately 259,000 square feet of available colocation space across nine U.S. markets – Chicago, Atlanta, Phoenix, Los Angeles, Baltimore, Houston, Nashville, Kansas City, Mo., and Stockton, Calif. These nine markets serve a combined population of mor
