Perimeter Technology

Details of the transaction were not disclosed.

Cequel Data Centers, formed last year by two private equity firms and an investment company, bought the local company to combine with a Dallas data center it purchased last year.

Perimeter, with 22,000 square feet of raised-floor space and four megawatts of total facility power, is the state's largest commercial data center provider. Clients hire Perimeter to host, manage or co-locate their computer networks.

Paul Estes, Cequel Data Centers president and CEO, said his firm expects the data center business to continue growing as more companies seek to outsource and protect their networks.

“The Perimeter data centers are a great complement to our Dallas facility, enhancing our ability to meet customer demand for expert, outside support maintaining mission-critical information systems,” Estes said.

Cequel was established by Cequel III, a St. Louis-based management and investment firm, and Thompson Street Capital Partners, a St. Louis-based private equity firm, together with New York-based private equity firm Charterhouse Group Inc. Cequel III also has an investment in Suddenlink Communications, the nation's seventh-largest cable operator.

RBC Capital Markets acted as financial adviser to the sellers and handled the debt financing associated with the acquisition. Goldman Sachs, CapitalSource Bank and US Bank also participated in the credit facility.