Cologix, a network neutral interconnection and colocation company headquartered in Denver, Colorado, has signed a definitive agreement to acquire Net Access, LLC, a colocation and workspace recovery provider with over 200,000 gross square feet across three enterprise-grade data center facilities in Northern New Jersey.
Net Access’s 700+ customers range from small businesses to Fortune 1000 brands, spanning Healthcare, Financial, Enterprise, IT/Hosting and Telecom verticals. Net Access is a portfolio company of private equity firm Seaport Capital. Seaport Capital and Net Access have been represented in this transaction by investment bank DH Capital.
This marks the 10th acquisition of Cologix, adding a new market and significant scale to its rapidly growing network neutral North American data center platform. The acquisition would enable the company to address the vibrant New Jersey market and provide a compelling alternative to colocation options in New York City.
The Net Access data centers are each roughly 30 miles outside New York City, over 250 feet above sea level and connected via a dark fiber network that extends to key carrier hotels for access to “robust” connectivity options.
“Acquiring Net Access will expand Cologix’s service offerings to address new demand and will allow us to introduce our unique footprint elsewhere to 700+ new customers,” said Grant van Rooyen, president and chief executive officer (CEO), Cologix. “We have been very impressed with the team and operations Net Access has built and look forward to harnessing the strength of the combined company.”
The pending addition of facilities in Northern New Jersey to the Cologix platform follows Cologix’s approach of focusing on unique, growing markets that offer alternatives to legacy data center hubs like New York or Chicago.
‘New Geographic Benefits’
“Our focus has been on expanding our reach because our customers and partners are increasingly asking to grow with us into new markets and for multi-market back-up solutions that we simply could not address as a standalone company,” said Raul Martynek, chief executive officer, Net Access. “As we evaluated options to join a broader platform, Net Access was especially sensitive to finding a platform that shared its customer-centric philosophy. We are excited to join Cologix’s North American platform and are confident that the combined company will present new geographic benefits while upholding the highest standards for our customers.”
When this transaction closes, Cologix will support over 1,600 customers across its North American data center platform, which will include 700,000 square feet across 24 data centers in 9 markets. Post close, Cologix will operate network neutral data centers in Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, Northern New Jersey, Toronto and Vancouver.