Valterra Partners LLC and fifteenfortyseven Critical Systems Realty LLC, an owner, developer and operator of data centers, have partnered to acquire ColoHouse, a global colocation, cloud and managed services provider headquartered in Miami.
The transaction also includes the acquisition of the former Green House Data colocation facility in Orangeburg, New York.
Following the acquisition, the combined company will have a footprint of more than 14 locations in eight different countries and will continue to be led by the CEO of ColoHouse, Paul Bint and a team of industry leading sales, operations and M&A executives.
“For the last 10 years, ColoHouse has grown exponentially by prioritizing customers’ business needs and meeting market demands. Our reputation for impeccable customer support paired with a competitive service offering and a robust network, have been key drivers of the company’s continued success,” Bint said in a prepared statement.
He added, “Working together with Valterra and 1547 CSR will help significantly increase the brand awareness of ColoHouse in the marketplace and will provide the necessary scale and capital to add new sites to the portfolio and expand the company’s geographic reach.”
Drew Reid, managing partner of Valterra Partners, said, “ColoHouse’s expertise in delivering colocation, cloud and managed services combined with 1547 CSR’s data center development, site selection and infrastructure management expertise will create a truly unique platform with the ability to expand into new locations across the country and across the globe. We look forward to working with Paul and the 1547 CSR team to expand the ColoHouse portfolio and service offering over the coming years.”
The combined company will remain focused on organic growth through delivering state-of-the-art colocation facilities, services and support to meet the evolving needs of customers but also will seek accretive M&A opportunities to expand the footprint and service offerings.