Stonepeak Infrastructure Partners agrees to acquire majority interest In Cologix

Stonepeak Infrastructure Partners has agreed to acquire a majority interest in network neutral interconnection and data center company Cologix, the company said.

The transaction will provide Cologix increased access to capital for its growth plans and Stonepeak a marquee platform to enter the data center and interconnection market in North America.

The existing management team will continue to run the business in current capacities.

The transaction, which is subject to customary regulatory approvals, is expected to close in the coming months.

Cologix operates 24 data centers across nine strategic markets in the United States and Canada. It has data centers in Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, New Jersey, Toronto or Vancouver.

Stonepeak Infrastructure Partners is a North America-focused private equity firm with a conservative yet opportunistic approach to infrastructure investing. Stonepeak invests in businesses comprised of hard assets with leading market positions primarily in energy, power & renewables, transportation, utilities, water & communications. It was founded in 2011 and is headquartered in New York.