Ascent Completes Acquisition of Two Enterprise Grade Data Centres in Greater Atlanta and Toronto Markets

Ascent

Ascent has announced that, in partnership with TowerBrook Capital Partners, it has completed the purchase of two enterprise grade data centres located in the Greater Atlanta and Toronto markets. Ascent and the seller, a global technology company, have entered into partial leasebacks for data centre space at the properties, known as Ascent ATL1 and Ascent TOR1 Data Centres.

The sale leaseback arrangement enables the customer to focus on its core business and provides a partner in its data centre facility operations, while at the same time allowing Ascent to bring additional high quality, purpose built assets to market under its growing data centre portfolio.

This strategic acquisition increases Ascent’s ability to immediately serve clients, offering new tenants the opportunity to step into enterprise grade data centre facilities in major markets. These facilities are exceptional assets, well suited for cloud and edge deployments with plug and play data centre space immediately available and line of sight to substantial growth on the properties.

ATL1 currently has up to 8.1MW of critical power and is expandable up to 14MW, and TOR1 will have up to 4.8MW of critical power available in the second quarter of this year with the overall site capable of expanding up to 75MW+. Similar to Ascent’s data centres in Chicago and Dallas, both Atlanta and Toronto are equipped with significant security characteristics, concurrently maintainable infrastructure for 100% uptime, and other site specific features.

“This acquisition is a perfect complement to Ascent’s solutions set and its ability to deliver quickly on complex customer data centre challenges. Similar to other data centre owners, this customer was reevaluating its real estate portfolio and operational needs. Our team and partners were able to put forth an action plan that enabled us to execute on this international transaction on a compressed timeline,” comments Phil Horstmann, CEO of Ascent.

Ascent serves global clients with its data centre facilities and critical infrastructure services, including 24/7 critical facility operations, Ascent’s Navigator Platform, engineering and construction services, IT site services, and related services.

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