AMP Capital buys US cloud and data centre provider
AMP Capital has announced it has acquired Expedient, a US-based provider of cloud computing and data centre services provider, from Landmark Media Enterprises.
Expedient offers an integrated suite of co-location, cloud, managed services and network access products.
The company also provides critical outsourced information technology solutions to a range of businesses and industries across the US from its eight operational locations in Baltimore, Boston, Cleveland, Columbus, Indianapolis, Memphis, Phoenix and Pittsburgh.
Simon Ellis, partner, head of Americas infrastructure equity at AMP Capital said the acquisition represented a significant additional investment in the US communications infrastructure space following the company’s earlier acquisition of Everstream, a Cleveland-based fibre provider, in 2018.
“This investment is AMP Capital’s first data centre/infrastructure as a Service (IaaS) acquisition. We have been seeking the right investment globally through which to enter this highly attractive sector,” Matt Evans, partner, global head of communications, infrastructure equity said.
The investment was made on behalf of investors in AMP Capital’s global infrastructure equity strategy and, subject to closing conditions, the transaction would be expected to close in Q4 2019.
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