Brookfield, Ontario Teachers' team up to acquire Compass Datacenters
financialpost.comCompass Datacenters will be acquired by a consortium run by Brookfield Infrastructure Partners L.P. and existing shareholder Ontario Teachers’ Pension Plan.
The deal for the company that designs and constructs data centres has an enterprise value of about $5.5-billion, a person familiar with the matter told Reuters.
Reuters reported last month that Brookfield and DigitalBridge Group Inc were competing in the auction for Compass, whose owners include RedBird Capital Partners and the Azrieli Group.
“Digitalization remains a key thematic investment for Brookfield Infrastructure. The need for data storage continues to grow at an exponential rate across the globe, and Compass complements our existing platforms in South America, Europe and Asia Pacific,” said Sam Pollock, chief executive of Brookfield Infrastructure.
Founder and chief executive Chris Crosby and the Compass management team will continue to lead the company.
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