Thompson Street Capital Partners and Charterhouse Group announced on July 1, 2010, that they had acquired Colo4, LLC in partnership with Cequel III. A July 7 trade report described the transaction as Cequel Data Centers’ acquisition of Colo4Dallas. The distinction reflects the investment partners and the platform identity, not conflicting accounts.
Who acquired Colo4Dallas?
The acquisition announcement named Thompson Street Capital Partners and Charterhouse Group as the buyers, acting in partnership with Cequel III. The July 7, 2010, report by Data Center Knowledge used the Cequel Data Centers name for the deal and said the target would operate as Colo4 LLC, a subsidiary of Cequel Data Centers. In other words, Cequel Data Centers was the operating platform identified in the trade coverage, while the July 1 announcement specified the investment partners behind the acquisition.
The July 1 announcement from Thompson Street Capital Partners presented the transaction as part of a newly formed Cequel Data Centers investment platform. The partners said they expected to pursue additional acquisitions.
What did the company acquire?
Colo4 was described at the time as a carrier-neutral colocation provider operating a 68,000-square-foot data center in Dallas. Thompson Street Capital Partners’ announcement said the facility had redundant power supplies and environmental controls. The 68,000-square-foot figure refers to building area; the sources do not state the facility’s power capacity.
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Who led Colo4 after the acquisition?
Data Center Knowledge reported that Paul Estes of Cequel III was named president and CEO of Colo4. The contemporaneous report also identified RBC Capital Markets as the sole lead arranger for acquisition debt and RBC Daniels as financial adviser to the sellers.
Was the purchase price disclosed?
No. Data Center Knowledge said the terms were not disclosed, and the available contemporaneous accounts provide no purchase price. The mention of acquisition debt does not establish the deal’s value or the amount or terms of that financing.
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What did the partners say about future growth?
The July 1 announcement set out the partners’ expectations, rather than independently verified market findings. Paul Estes, named Colo4 president and CEO, said: “We anticipate great growth opportunities in this business, as more and more companies are looking for the type of unrivaled support that Colo4 offers to maintain its customers’ mission-critical information systems.”
Jim Cooper, Managing Principal of Thompson Street Capital, said: “We are excited about partnering with Cequel III and Charterhouse to acquire Colo4. The data center industry should continue to benefit from the explosive growth in demand for broadband Internet services.” Jerry Kent, CEO of Cequel III, added: “We look forward to growing Cequel Data Centers through additional acquisitions with these high-quality firms.”
What later records say—and do not say
Thompson Street Capital Partners’ December 3, 2012, announcement about AdHost listed Dallas-based Colo4 in a data-center platform that also included Perimeter Technologies, TierPoint and AdHost. A June 27, 2013, announcement about Baltimore Technology Park again included Colo4 and described the platform’s geographic expansion. These releases document how the platform was described at those dates; they do not establish the Dallas facility’s current owner, brand, operator or use.
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