ColoHouse acquired by Valterra and 1547
09 June 2021 | Antony Savvas
Valterra Partners and fifteenfortyseven Critical Systems Realty (1547 CSR) have partnered to acquire ColoHouse, the global data centre services firm headquartered in Miami, Florida.
The transaction includes the acquisition of the former Green House Data colocation facility in Orangeburg, New York.
Founded in 2015, Valterra Partners is a private investment firm that provides partnership capital to infrastructure businesses. ColoHouse's 14 facilities are spread across North America, Europe, South America and Asia, and 1547 CSR operates over 1.3 million sq ft of total data centre space across North America.
The acquired company will continue to be led by ColoHouse CEO Paul Bint, with the partners saying it will remain focused on organic growth through delivering colocation facilities, services and support to meet the evolving needs of customers. But it will also seek “accretive M&A opportunities to expand its footprint and service offerings”, they added.
Bint said: “Working together with Valterra and 1547 CSR will help significantly increase the brand awareness of ColoHouse in the marketplace and will provide the necessary scale and capital to add new sites to the portfolio and expand the company’s geographic reach.”
Drew Reid, managing partner of Valterra Partners, added, “ColoHouse’s expertise in delivering colocation, cloud and managed services, combined with 1547 CSR’s data centre development, site selection and infrastructure management expertise, will create a truly unique platform with the ability to expand into new locations across the country and across the globe.
“We look forward to working with Paul and the 1547 CSR team to expand the ColoHouse portfolio and service offering over the coming years.”
The value of the transaction has not been disclosed by the partners.
9h | Antony Savvas
10h | Antony Savvas
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