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H5 Data Centers Acquires Cleveland Technology Center

H5 Data Centers, a national colocation and wholesale data center provider, has acquired the Cleveland Technology Center in downtown Cleveland, Ohio. Financial terms were not disclosed.

H5 now manages nearly 1.5 million square feet of data centers in nine US markets. ByteGrid had owned the Cleveland data center location since 2013. The 2013 purchase price was $16.9 million.

H5 Data Centers has made multiple expansion moves in recent years — including acquisitions in Seattle (2011), Virginia (2015) and Arizona (2016).

Data Center Mergers, Acquisitions

M&A activity across the data center sector has accelerated in recent months. Among the recent deals:

More deals could be coming. For instance:

-channele2e-top100-2017Complete M&A Coverage: Track all VAR, MSP and CSP mergers and acquisitions by visiting the ChannelE2E Milestones section daily. Also, check out ChannelE2E’s Top 100 Mergers & Acquisitions across the IT channel, 2017 edition.

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