AMP Capital acquires Expedient Data Centers

Oct 23, 2019 | Posted by editor

AMP Capital, An Australian investment firm, has acquired Expedient from Landmark Media Enterprises, the company's current investor. Expedient is an Infrastructure-as-a-Service business focused on colocation, cloud, managed services and networks with a base of over 1,200 customers.

Terms were not disclosed, but the transaction is estimated to be over $500 million.

The announcement comes just days after Expedient announced a new Enterprise Cloud node in Phoenix, Arizona. Expedient had previously been focused primarily in the Northeast and Central U.S., with its 11 fully managed data center locations, complemented by several other strategically located partner facilities.

“This is truly an incredible outcome to our strategic alternatives review process,” said Shawn McGorry, CEO of Expedient. “Landmark has been a valued investment sponsor for the last 14 years. AMP Capital has a long-term point of view about the business, very similar to Landmark’s. With access to additional capital sources and flexible financing, we stand ready to accelerate the expansion of Expedient Enterprise Cloud solutions to new markets and to offer our loyal clients an even more robust suite of Infrastructure as a Service solutions,” added McGorry.

There are no operational changes planned at Expedient. The senior management team of Expedient, most of whom have been part of the venture for more than 20 years, will continue in their current roles.



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