May 14, 2026 | Posted by Abdul-Rahman Oladimeji
Goldman Sachs has acquired Canadian data center firm QScale. The firm announced this week that its Infrastructure unit within Goldman Sachs Alternatives has completed the acquisition in partnership with QScale’s founders and management team. Financial details of the deal were not disclosed.
Martin Bouchard, QScale founder and CEO, said: “From day one, QScale was built around a simple thesis: the world will need vastly more compute, and it will need it to be clean, dense, and resilient. Partnering with Goldman Sachs Alternatives gives us the capital base and the global network to scale faster, build bigger, and serve the most demanding hyperscale and AI customers in the world. Our team made this possible, and this next chapter is about delivering on the opportunity ahead.”
Leonard Seevers, partner at Goldman Sachs Alternatives, added: “AI is rapidly redefining the infrastructure requirements to deliver compute to consumers and enterprises at scale. We believe QScale is building to the highest standard to meet these complex needs, and we are excited to partner with Martin and the QScale team to accelerate their build-out and support Canada's emergence as a global hub for sustainable AI compute.”
QScale was founded in 2018 and has previously received backing from Aligned Data Centers and the Québec government. The company began building its first campus, Q01, in Levis in 2021, with construction of a second facility starting in 2022. Once fully built out, the site is expected to deliver 142MW of IT capacity. QScale has also announced a second project at the Ecoparc de Saint-Bruno-de-Montarville in Montreal. In this week’s announcement, Goldman Sachs noted that the company is actively developing additional campuses across Canada to meet growing customer demand.
