Incremental $500M Equity Committed to Capture Accelerated Growth
DENVER and NEW YORK, Feb. 2, 2017 - (PRNewswire)
Cologix, a network neutral interconnection and data center company, and Stonepeak Infrastructure Partners announced today the signing of a definitive merger agreement, through which Stonepeak will acquire a majority interest in the company. The transaction will provide Cologix increased access to capital for its growth plans and Stonepeak a marquee platform to enter the data center and interconnection market in North America. The existing management team will continue to run the business in their current capacities. Grant van Rooyen will remain the Chief Executive Officer of the Company and will be the Chairman of the Board. The existing Cologix investors, including Grant van Rooyen, the van Rooyen Group, Company management, Columbia Capital and Greenspring Associates will continue to hold a material interest in the company moving forward and will participate in future growth equity investments. Joining Grant on the board will be Trent Vichie, Brian McMullen, Bill Fathersand Peter Bruce from Stonepeak, Patrick Hendy from Columbia, and Neil Hobbs representing the van Rooyen Group interests.