Bridgewater data center sold to Conn. company

By Eric Strauss
Bridgewater | Sep 10, 2019 at 6:00 am

A Connecticut-based data center operator has acquired a Bridgewater center, it announced Monday, bolstering its network of tech services up and down the East Coast and beyond.

The company, Norwalk-based 365 Data Centers, purchased the 25,000-square-foot facility known as NYI-NJ, bringing its total holdings to 11 such centers, as well as 20 additional network “PoPs” — or point of presence — and cloud on-ramps.

“We’re thrilled to announce this latest acquisition of an impressive, customer-focused business and a well-maintained, highly resilient data center,” Bob DeSantis, 365’s CEO, said in a prepared statement. “Adding a central New Jersey data center, strategically located between our Philadelphia and New York City facilities, bolsters 365’s growing network-centric, edge data center portfolio.”

Funding came, in part, from a recent equity investment from New York-based Turning Rock Partners, 365 said, as well as its existing ownership group.

“We’re delighted to welcome to the 365 team everyone from NYI-NJ, as they have a demonstrated track record that is in perfect alignment with our customer-focused, ‘Technology Humanized’ values,” DeSantis said.

Financial terms of the transaction were not disclosed.

Shipman & Goodwin LLP served as legal counsel to 365, while the Bank Street Group served as exclusive financial adviser to the seller.

Eric Strauss | estrauss@roi-nj.com | acerimrat