MSP TODAY NEWS

Cequel Expands Its Data Center Empire With Baltimore Technology Park Purchase

By Michael Mayday

Cequel Data Centers is expanding its colocation, cloud and disaster recovery services with its recent acquisition of the 11,000 square-foot Baltimore Technology Park in Baltimore, Maryland.

That acquisition brings Cequel's total operating space up to 130,000 square feet across Dallas, Texas; Spokane, Washington; Seattle, Washington; Oklahoma City, Oklahoma; and Tulsa, Oklahoma.

The acquisition will help Cequel to build its Tierpoint services — focused on providing colocation, management and services. Data Center Knowledge reports the company is seeking to add a 3,000 square foot raised-floor expansion.

“This acquisition enhances our geographic diversity in a key East Coast market as we continue to respond to the growing national demand for colocation and cloud computing services,” Paul Estes, Chairman and Chief Executive Officer of Cequel Data Centers, said to Data Center Knowledge. “Baltimore is a dynamic business community and the data center team brings expertise and experience serving enterprise customers. As we have done elsewhere, we plan to continue to grow and expand our facility in Baltimore.”

The financial terms of the transaction between Cequel and Baltimore Technology Park weren't disclosed.

The purchase of the park, a sizable catch on its own, is the latest in a long string of data center acquisitions starting with Colo4Dallas in 2010 to the purchase of Seattle's AdHost in December of 2012. The company also bought Perimeter Technologies and Tierpoint in 2011 and May 2012, respectively.

The Baltimore Technology Park acquisition will help Cequel to build its Tierpoint brand and spread its services on the East Coast.

Cequel Data Centers LLC is the established company of Cequel III, an investment and management firm based out of St. Louis, Missouri. Cequel III is partnering with Thompson Street Capital Partners and Charterhouse Group, two private equity firms, to offer its data center solution to customers.




Edited by Ashley Caputo

MSPToday Contributing Writer

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