A consortium that includes the Public Sector Pension Investment Board has acquired Vantage Data Centers, a U.S.-based provider of data centre solutions.

The consortium, which also includes Digital Bridge Holdings LLC and TIAA Investments, has purchased Vantage Data Centers from technology investor Silver Lake. The terms of the private purchased were not disclosed.

Vantage Data Centers was founded in Silicon Valley, California in 2010. It has four data centres at this location, as well as a campus in Quincy, Washington.

Read: Ontario Teachers’ invests in U.S. data centre developer

“We are confident that Vantage is ideally positioned to successfully deploy its winning expansion strategy, and look forward to supporting the company’s . . . management team,” said Daniel Garant, executive vice-president and chief investment officer at PSP Investments. “Vantage’s leading market position, in a sector which we believe will grow significantly in the coming years, makes it an attractive investment for PSP Investments.”

Vantage will continue to be led by its president and chief executive officer Sureel Choksi and the existing management team, each of whom has made an investment in the business alongside the consortium. “We’re thrilled about the opportunities to serve our customers’ future expansion plans going forward.,” said Choksi. 

“We have been fortunate to have had a great partner in Silver Lake, and are excited to partner with Digital Bridge, PSP Investments and TIAA Investments as we enter this exciting new phase of the company’s growth.”

Read: PSP to acquire European medical lab services company

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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