DartPoints, an owner and operator of edge colocation data centers, last month signed definitive agreements to acquire Immedion, a provider of colocation, cloud, and managed services with eight data centers in seven markets throughout South Carolina, North Carolina, Ohio and Indiana. The acquisition is expected to close in the second quarter of 2021.
The agreement to acquire Immedion propels DartPoints’ vision and capabilities to bring edge interconnection colocation and data centers further into tier 2 and tier 3 markets. Carrier-neutral interconnection points are vital meet-me-points, improving high-performance access to content, cloud, applications, and other networks, proven to be a catalyst for digital transformation.
“We are excited about the combined opportunities Immedion’s colocation facilities bring to DartPoints,” said Scott Willis, CEO of DartPoints. “We value the enterprise customers that rely on Immedion’s cloud and managed services platforms and look forward to enhancing capabilities in the future. The team at Immedion has built a great company, and we will continue their commitment of ensuring a customer-first approach while adding service offerings across their entire footprint. This acquisition is yet another example of how we are delivering on our strategy to improve regional interconnection, particularly to markets that need it most.”
“We are proud of the company we’ve become over the past 14 years and look forward to creating more value and opportunities for our customers,” added Frank Mobley, Founder and Chief Executive Officer of Immedion. “Our commitment to delivering best-in-class solutions remains steadfast, and I firmly believe that DartPoints’ mission to enhance connectivity nationally adds value to our existing capabilities. We look forward to enabling our customers with more services and locations, while embarking on a better digital future, together.”
The acquisition of Immedion will more than double the DartPoints’ edge interconnection colocation data center footprint, expanding the company’s solutions to more than six states across the US.
DartPoints is aggressively building out in underserved ‘edge’ markets in the U.S., and the acquisition of Immedion, which has a strong presence in North and South Carolina with five data centers, fits the pattern. Immedion also has two data centers in Ohio and one in Indiana. The deal comes hot on the heels of the acquisition of MDC in Columbus, Ohio a couple of months ago. DartPoints has been building out micro data centers for a while now, but since it took on private equity funding last year from Astra Capital Management its growth plans and timelines have become much more aggressive. We can expect to see similar deals in tier 2 and 3 markets as 2021 unfolds.
Daniel Beazer, Structure Research
acquisition | DartPoints | edge data center | Immedion | M&A