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Cequel Data Centers Acquires Perimeter Technology, LLC(November 02, 2011)
ST. LOUIS, MO -- (Marketwire) -- 11/02/11 -- Cequel Data Centers, LLC (Cequel) -- a portfolio company of Thompson Street Capital Partners, Charterhouse Group, and Cequel III -- today announced the acquisition of Perimeter Technology, LLC (Perimeter), a leading provider of colocation, managed and professional IT services in Oklahoma.
Perimeter operates two state-of-the-art data centers, one in Oklahoma City and the other in Tulsa, Okla., representing a combined 22,000 square feet of raised-floor, data-center space and four megawatts of total facility power. Together with Colo4 -- a data center in Dallas that Cequel purchased in July 2010 -- the company now owns and operates more than 70,000 square-feet of raised-floor, data-center space.
"The Perimeter data centers are a great complement to our Dallas facility, enhancing our ability to meet customer demand for expert, outside support maintaining mission-critical information systems," said Paul Estes, President and Chief Executive Officer of Cequel Data Centers. "We continue to believe there are great growth opportunities in this business, as more and more companies seek such support."
RBC Capital Markets acted as financial advisor to the sellers and was the sole lead arranger and sole bookrunner for the debt financing associated with this acquisition. Goldman Sachs, CapitalSource Bank and US Bank also participated in the credit facility. Financial terms were not disclosed.
Cequel Data Centers was established in 2010 by Cequel III, a St. Louis-based management and investment firm, and Thompson Street Capital Partners, a St. Louis-based private equity firm, together with New York-based private equity firm Charterhouse Group, Inc. Cequel III also has an investment in and management contract with Suddenlink Communications, the seventh largest cable operator in the United States, supporting the information, communication and entertainment demands of approximately 1.4 million residential customers and thousands of commercial customers.
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