CentralColo, a colocation data center operator located in Silicon Valley with planned facilities in Las Vegas, Los Angeles and Sacramento, has completed a significant investment from Safanad – a global principal investment firm to fund its growth strategy. Additionally, Ken Parent has joined as Chief Executive Officer (CEO) and member of the board of directors of the company.
“CentralColo will be well capitalized to support the growth of its current operations in Silicon Valley as well as new locations to meet the needs of the growing client base,” said Craig Kahler, Director of Private Equity at Safanad who joined the board of CentralColo. “We are thrilled to work with Ken Parent and the rest of the management team.”
Arman Khalili founded CentralColo in 2015 in partnership with Industry Capital. Industry Capital is a San Francisco based private equity firm investing in real assets globally. Arman Khalili will remain on the board of directors of the company and continue to dedicate significant time to the growth of CentralColo.
CentralColo’s new CEO, Ken Parent, is the former CEO and a founder of ByteGrid – a platform of Tier 3 / 4 data centers in the U.S. Prior to founding ByteGrid, Mr. Parent held the positions of CFO and COO of The Mills Corporation, a publicly traded real estate investment trust that was acquired by Simon Property Group in 2007.
“This is a tremendously exciting opportunity and I look forward to working with the team and our partners at Safanad and Industry Capital as we take CentralColo to the next level,” said Ken Parent. “Our partners have funded our growth strategy and support both our organic growth and strategic asset acquisition plans. This is a great opportunity to expand upon our customer centric model that focuses on offering scalable data and compute center solutions.”