Ascent Completes Acquisition of Two Enterprise-Grade Data Centers in Greater Atlanta and Toronto Markets
Ascent, a leading provider of comprehensive data center solutions, today announced that, in partnership with TowerBrook Capital Partners, it has completed the purchase of two enterprise-grade data centers located in the Greater Atlanta and Toronto markets. Ascent and the seller, a global technology company, have entered into partial leasebacks for data center space at the properties, known as Ascent ATL1 and Ascent TOR1 Data Centers. The sale leaseback arrangement enables the customer to focus on its core business and provides them a partner in their data center facility operations, while at the same time allowing Ascent to bring additional high quality, purpose-built assets to market under its growing data center portfolio.
This strategic acquisition increases Ascent’s ability to immediately serve clients, offering new tenants the opportunity to step into enterprise-grade data center facilities in major markets. These facilities are exceptional assets, well suited for cloud and edge deployments with plug and play data center space immediately available and line of sight to substantial growth on the properties. ATL1 currently has up to 8.1 MW of critical power and is expandable up to 14 MW, and TOR1 will have up to 4.8 MW of critical power available in the 2nd quarter of this year with the overall site capable of expanding up to 75+ MW. Similar to Ascent’s data centers in Chicago and Dallas, both Atlanta and Toronto are equipped with significant security characteristics, concurrently maintainable infrastructure for 100 percent 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 center challenges. Similar to other data center 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,” said Phil Horstmann, CEO of Ascent. “We look forward to working with our customer and bringing these enterprise-grade facilities and their respective data center capabilities to market for additional tenants.”
Ascent serves global clients with its data center facilities and critical infrastructure services, including 24x7 Critical Facility Operations, Ascent’s Navigator Platform, Engineering & Construction Services, IT Site Services, and related services.
Ascent is a leading provider of comprehensive data center solutions, partnering with customers to solve technical, operational and financial challenges of running these facilities critical to customers’ businesses.
Founded in 1998, Ascent provides full life cycle support from the design and development of new, expanded or upgraded facilities to daily monitoring and maintenance management, backed by our 24x7 operations support. Ascent is a one-stop-shop for all critical infrastructure needs, and works hand-in-hand with customers to provide flexible, scalable, secure and highly available solutions to ensure their individual needs are met.
About TowerBrook Capital Partners
TowerBrook Capital Partners is an investment management firm with over $7 billion under management and a history of creating value for investors. TowerBrook’s Structured Opportunities Fund (TSO) is an investment fund of TowerBrook Capital Partners targeting structured equity, structured assets and structured debt investments. TSO provides a source of stable and flexible capital for companies that are looking for new pathways to fuel their growth.