The Ontario Teachers’ Pension Plan has invested in a United States-based wholesale data centre developer in partnership with RedBird Capital Partners.

Established in 2011 and based in Dallas, Texas, Compass Datacenters specializes in building customized facilities for enterprise, cloud computing and service providers, according to a press release. The investment is also in partnership with the company’s management team, which will continue to lead and grow the business.

The financial terms of the transaction were not disclosed.

Read: Ontario Teachers’ completes Metronode acquisition

“We recognized that Compass is a leader in its market segment and, through this partnership, is very well positioned to serve as the trusted data center partner for even more customers whose evolving technology needs can be met by the facilities that Compass designs and builds,” said Jane Rowe, senior managing director of private capital at Ontario Teachers’.

Chris Crosby, chief executive officer at Compass Datacenters, welcomed the investment, noting “it provides Compass with the financial resources to fund the next phase of our growth with partners who have deep domain expertise in the industry.”

Read: Ontario Teachers’ to buy British crematoria developer

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

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