Compass Datacenters Plans Up to $3B of New Campuses
Compass Datacenters announced new growth initiatives to develop up to $3 billion in new data center campuses, along with continued support from RedBird Capital, Ontario Teachers’ and the introduction of Azrieli.
DALLAS—Compass Datacenters plans to develop up to $3 billion in new data center campuses in the near term. This follows the company receiving additional capital from existing investors, RedBird Capital Partners and Ontario Teachers’ Pension Plan, as well as new investment partner the Azrieli Group, an Israeli real estate development company.
The continued support from RedBird Capital and Ontario Teachers’ and the introduction of Azrieli to the investor group reinforces Compass’s momentum across its key markets, including construction starts at its Phoenix and Northern Virginia data center campuses. The additional capital and financial commitments will allow the company to accelerate its growth plans and better serve its customer base.