Zayo Group, a global provider of network neutral colocation and bandwidth infrastructure based in Boulder, Colorado, has decided to start the process of an IPO in the U.S. At the same time, the company has announced the acquisition of Colo Facilities Atlanta (“AtlantaNAP”), an Atlanta based data center and managed services provider.
Zayo has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to its proposed public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
When available, a copy of the preliminary prospectus may be obtained from Morgan Stanley, at [email protected]ganstanley.com; from Barclays Capital, at [email protected]; or from Goldman, Sachs & Co., via [email protected].
The acquisition of AtlantaNAP yields over 72,000 square feet of total data center space, including 42,000 square feet of conditioned colocation space. The purchase brings Zayo’s data center count to 28 locations. The company’s national data center footprint is now over 570,000 square feet.
AtlantaNAP, located at 1100 White St. SW, opens a new market for zColo, and complements Zayo’s Atlanta fiber network, which spans more than 600 route miles. The Atlanta colocation facility is connected to most major carrier hotels and data centers via high-count and diverse fiber rings, providing customers with increased connectivity options.
The SSAE 16 type II compliant facility offers 5Mw of fully redundant 2N UPS power, serviced from diverse utility feeds. The site will offer Zayo’s full suite of lit bandwidth services and access to Zayo’s metro and long-haul dark fiber backbones.
“Atlanta is a high demand colocation market and a growing hub for healthcare, technology, and large enterprises,” said Greg Friedman, vice president of zColo. “The AtlantaNAP facility offers customers a highly secure and redundant infrastructure, and will now be able to leverage Zayo’s existing fiber footprint to provide a connectivity-driven colocation offering in Atlanta for new and existing customers.”
The AtlantaNAP transaction was funded with cash on hand. The acquisition follows Zayo’s March 2014 acquisition of CoreXchange, a colocation provider in Dallas.