Ontario Teachers’ Pension Plan partners in $3b data center expansion plan

Compass Datacenters has plans to develop $3 billion in new data center campuses over the near term. This follows additional capital from existing investors, RedBird Capital Partners and Ontario Teachers’ Pension Plan, as well as new investment partner the Azrieli Group, a leading Israeli real estate development company.

The continued support from RedBird Capital and Ontario Teachers’ and the introduction of Azrieli to the investor group reinforces Compass’s momentum across its key markets, including construction starts at its Phoenix and Northern Virginia data center campuses. The additional capital and financial commitments will allow the company to accelerate its growth plans and better serve its customer base.

Compass has grown rapidly over the past two years, establishing and expanding its presence in key markets across the United States, including Boston, Columbus, Dallas, Minneapolis, Nashville, Northern Virginia, Phoenix, Raleigh-Durham and others. Compass