Key Takeaway
Centersquare CEO Spencer Mullee announced a significant acquisition strategy aimed at enhancing the company’s infrastructure capabilities. With an enterprise value of $1 billion, these self-funded acquisitions will expand Centersquare’s presence in strategic markets across the US and Canada, including facilities in Boston, Minneapolis, Dallas, and Toronto. This growth positions Centersquare to meet the increasing demand for reliable, high-performance infrastructure, catering to both enterprise and hyperscale customers. The company aims to provide the necessary power, connectivity, and engineered environments to support innovation and future growth.
Spencer Mullee, CEO of Centersquare, states: “This series of acquisitions signifies more than just growth in volume; it showcases the increasing strength and momentum of our platform.
“By expanding our capacity in key markets, we are positioning Centersquare to meet the rising demand for reliable, high-performance infrastructure.
“Our clients – ranging from enterprise to scale – seek partners who can grow alongside them, and we are providing the dependable power, connectivity, and engineered environments they require to drive innovation.”
Funded with cash in hand
The acquisitions and related transactions have an enterprise value of US$1bn.
A key feature of this investment is that Centersquare has financed the deals through its own cash reserves, avoiding the need for external funding.
The newly acquired sites are located across the US and Canada, including two facilities in Boston and Minneapolis that were previously under long-term leases, as well as eight additional sites in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal.
By consolidating these facilities, Centersquare strengthens its platform with increased power and capacity, enhances its support for both enterprise and hyperscale customers, and ensures ample space for future growth.
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