Brookfield Infrastructure Partners and the Ontario Teachers’ Pension Plan have agreed to acquire Addison-based Compass Datacenters from owners RedBird Capital Partners and the Azrieli Group in a deal expected to top $5 billion, the Dallas Morning News reported.
In the Dallas area, Compass Datacenters has operations in Allen and Red Oak, where it is currently building a major expansion. The firm has data centers in nine U.S. markets, plus Canada and Europe. The deal is expected to close by the end of the year, the outlet said.
The Ontario Teachers’ Pension Plan was already an investor in the company. Brookfield had been competing with Florida-based DigitalBridge Group to acquire Compass Datacenters for more than $5.5 billion. That includes debt.
Demand for data centers continues to grow across the nation. Microsoft is planning to build a $176 million, 153,000-square-foot data center at the Texas Research Park in San Antonio. About an hour north of Austin, Facebook parent company Meta has prepared to invest $800 million to build a 900,000-square-foot data center in Temple.
—Quinn Donoghue
Read more
Development
Austin
Meta unveils plans for $800M data center in Central Texas
Commercial
Texas
Microsoft plans $176M data center in S.A.
Commercial
New York
Dallas data center disguised as McMansion lists for $1M