Cequel Data Centers Acquires Oklahoma Provider

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Cequel Data Centers has acquired Perimeter Technology, a leading provider of colocation and managed IT services in Oklahoma, the companies said today. Perimeter operates two data centers, in Oklahoma City and Tulsa, with a combined 22,000 square feet of raised-floorr space and four megawatts of total facility power.

Cequel Data Centers is a portfolio company of Thompson Street Capital Partners, Charterhouse Group, and Cequel III that was formed to acquire Dallas provider Colo4 in July. Together with Colo4, the company now owns and operates more than 70,000 square feet of raised-floor, data center space.

“The Perimeter data centers are a great complement to our Dallas facility, enhancing our ability to meet customer demand for expert, outside support maintaining mission-critical information systems,” said Paul Estes, President and Chief Executive Officer of Cequel Data Centers. “We continue to believe there are great growth opportunities in this business, as more and more companies seek such support.”

RBC Capital Markets acted as financial advisor to the sellers and was the sole lead arranger and sole bookrunner for the debt financing associated with this acquisition. Goldman Sachs, CapitalSource Bank and US Bank also participated in the credit facility. Financial terms were not disclosed.

About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.

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