STACK Acquires Nationwide Insurance Facility and Expands to Ohio

Oct 16, 2019 | Posted by editor

STACK Infrastructure continues to expand its footprint. Stack acquired Nationwide Insurance's facility in New Albany, Ohio.  The transaction is the third expansion for the company since raising $850 million in February 2019. 


STACK Press Release:

DENVER--(BUSINESS WIRE)--STACK INFRASTRUCTURE (“STACK” or the “Company”), the data center company built from the ground up to address the technology infrastructure needs of rapidly scaling enterprises and hyperscale businesses, today announced its expansion to New Albany, Ohio, a new market for the Company. The acquired campus houses a purpose-built, Tier III data center and offers 17 acres for future data center development.

The STACK campus is positioned within the Golden Triangle, a geographic area linking Northern Virginia, Northern New Jersey, and Chicago, where the majority of data transmission in the U.S. occurs, resulting in robust fiber optic and electrical infrastructure. New Albany and the surrounding area represent a premier emerging market for cloud and enterprise data centers based on their competitive power costs, advantageous tax climate, skilled labor pool, and low risk of natural disasters. The area is home to 15 Fortune 1000 headquarters and significant operations of more than 30 additional Fortune 1000 companies. By offering a presence in this strategic region, STACK reinforces its dedication to providing flexibility and scale to its clients in key markets.

This announcement comes on the heels of the Company’s recent Chicago and Portland expansion plans and is part of STACK’s corporate strategy of building and delivering additional capacity to support the growth trajectories of its clients.

“We’re very excited to expand our footprint into this strategic market as it gains momentum in the data center world,” commented Brian Cox, Chief Executive Officer of STACK. “A location of choice for many data center, cloud, and enterprise entities, New Albany and the Golden Triangle offer a highly valuable range of benefits for STACK’s current and future clients. As we have considered expansion options, this market has remained a priority due to its unique combination of reliable power, robust data fiber networks, proximity to more than half of the U.S. population and the resulting lower latency.”

STACK is committed to being the data center industry leader in building and delivering flexible critical infrastructure solutions that meet and support the complex requirements of enterprise and hyperscale deployments. The Company’s offering includes hyperscale campuses and build-to-suit data centers (“HYPER STACK™”), immediately available wholesale colocation and private data suites (“READY STACK™”), and powered shell options (“POWER STACK™”).

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