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
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.
CapitalSource Bank and US Bank also
participated in the credit facility.