I Squared Capital 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 capital investment, customer-led expansion and additional acquisitions.
The seed portfolio includes 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; Kansas City, Mo.; Baltimore; Houston; Nashville; and Stock
