Edgewater invests in DataBank
Edgewater Growth Capital Partners IV is pleased to announce that it has invested in DataBank to fund the company’s acquisition of zColo Data Centers (“zColo”) from Zayo Group Holdings, Inc. This represents Edgewater’s second investment in DataBank after exiting its previous investment in December 2019. DataBank is a leading provider of enterprise-class colocation, connectivity and managed services.
The zColo acquisition brings to DataBank an additional 44 data centers across 23 markets in the U.S. and Europe. The transaction creates one of the largest privately-held data center operators in the U.S. and positions DataBank as a leading provider of edge colocation and connectivity solutions to hyperscale, technology and content customers across the U.S. In addition to growing DataBank’s geographic footprint to a national scale in strategically important data center markets, zColo will contribute an exceptional base of diversified, blue-chip customers that complement DataBank’s existing relationships. DataBank will own a total of 64 data centers in 29 markets with over 3,000 customers including many Fortune 100 companies and leading cloud and content providers.