A bit of interesting data center M&A activity took place yesterday out in the Midwest. ColoHouse has announced the acquisition of Steadfast, which specializes in cloud, bare metal, and data center services. It’s the company’s fifth deal in the past year.
The purchase of Steadfast gives ColoHouse three new data center locations, two in Chicago’s 350 E. Cermak and 725 S. Wells and one in the Iron Mountain facility in Edison NJ. In all that gives ColoHouse data centers in 10 markets and a presence touching 22 cities worldwide, including a second bit of overlap with partner 1547 Critical Systems Realty.
Back in June 1547 teamed up with Valterra Partners to buy ColoHouse, aiming to use the company as a platform for additional consolidation. Since then, ColoHouse also acquired LUME Cloud, Data102, Quonix, and Turnkey Internet. They’ll be continuing to integrate those assets into a unified whole during 2022, but I suspect they will also remain on the hunt for additional consolidation opportunities.
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Categories: Cloud Computing · Datacenter · Mergers and Acquisitions
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It makes sense that Steadfast would sell, given founder Karl Zimmerman’s passing away two years ago. However, acquisitions always make me nervous, as they almost always result in a worse product or service.
Can anyone comment on the competence and track record of ColoHouse?