EQT Infrastructure said this week the EQT Infrastructure IV fund has agreed to acquire EdgeConneX, Inc. from an investor group led by Providence Equity Partners. EdgeConneX builds and operates data centers for cloud, content, network and other service providers requiring both larger purpose-built facilities as well as edge facilities located closer to consumer and enterprise users to support latency-sensitive applications cost effectively.
EQT Infrastructure announced it will support the continued development of EdgeConneX and actively assist the company in its pursuit of new opportunities to grow in existing and new markets globally.
“EQT has followed EdgeConneX’s journey from its early years to its growth into a top data center industry player,” Jan Vesely, Partner at EQT Partners, said. “We are deeply impressed by EdgeConneX’s management team and the success they have had in creating a key contributor to the global cloud infrastructure. This partnership represents an exciting opportunity for EQT in a sector and geographies where we have significant experience. EQT looks forward to working with the team in continuing to grow the business and identify new expansion opportunities.”
EdgeConneX CEO Randy Brouckman said, “EQT brings significant financial resources and digital infrastructure industry experience which EdgeConneX will use to accelerate growth and invest in new data centers around the world. I look forward to continuing to lead EdgeConneX and we are very pleased to have EQT as our new owner and partner in this exciting growth phase. On behalf of EdgeConneX, I thank our outstanding customers and partners, dedicated employees and long-term shareholders that gave us the latitude to succeed and create lasting value,” he added.
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