February 7, 2017

CyrusOne to acquire two data centers for $490 million

The two facilities will be acquired from Sentinel Data Centers

CyrusOne, a global data center and co-location solutions provider announced that it has agreed to purchase two enterprise-class data centers located in Raleigh-Durham, North Carolina and Somerset, New Jersey.

The facilities will be acquired from Sentinel Data Centers for $490 million, excluding transaction-related expenses. CyrusOne said that the transaction will add two high-quality data centers to the company’s portfolio, complementing CyrusOne’s existing data center platform.

Gary Wojtaszek, President and Chief Executive Officer, CyrusOne said:

We are very excited about this transaction, which establishes a presence for us in the Southeast, adds a high quality portfolio of large enterprise customers, and features an attractive long-term lease profile.

The transaction is expected to close in the next 30 to 45 days, subject to certain customary closing conditions.

Josh Rabina, Co-founder and Co-CEO, Sentinel said:

We have known the CyrusOne team for almost ten years and have a great deal of respect for their organization.

They have earned an excellent reputation in the industry for customer service and quality, so we know our customers are in good hands.

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