Compass Datacenters
 | |
| Company type | Private |
|---|---|
| Industry | Internet |
| Founded | 2011 |
| Founder | Chris Crosby |
| Headquarters | Dallas, Texas, US |
| Owner |
|
| Website | www |
Compass Datacenters LLC Is an American multinational data center company. It is a significant player in the hyperscale computing space,[1] with approximately 17 active datacenter campuses in the US, and internationally in Canada and Israel.[2]
Since 2023, the company has been controlled by the private equity arms of Ontario Teachers' Pension Plan and Brookfield Infrastructure Partners.[3][4]
Compass' partners include Schneider Electric, Cummins, Foster Fuels, Vertiv and Salute.[5]
History[edit]
Compass Datacenters was founded in 2011 by Chris Crosby, who previously was a senior vice president of Digital Realty[6] with a focus on modular datacenters. In 2014, the company received a patent noting that they created a truly modular datacenter.[7]
Compass wholly owns a software as a service company known as Radix IoT that specializes in datacenter management software.[8]
It began with a focus on US operations however eventually expanded abroad. Specifically to Canada through the acquisition of ROOT datacenters [9] in 2019 and expansion to Israel directly through a partnership with Amazon Web Services.[10] In the same time period Azrieli Group acquired a 20% stake in the organization.[11] In 2023 the company acquired the former Sears HQ in Illinois to create a datacenter mega campus.[12][13] On December 13, 2023, it was confirmed the Compass Datacenters Prince William County project, one of the largest in the world, was set to go through after a 4–3 vote in favor of development. [14][15][16]
On June 26, 2023, it was announced that Brookfield Infrastructure Partners and Ontario Teachers' Pension Plan had purchased the company.[17]
References[edit]
- ^ ReportLinker (2022-06-28). "The Global Hyperscale data center market is expected to grow at a CAGR of 5.69% during 2022 to 2027". GlobeNewswire News Room. Retrieved 2023-12-08.
- ^ Combs, DeAnn (2023-06-21). "And the winner is … Brookfield, Ontario Teachers Acquire Compass Datacenters". Inside Towers. Retrieved 2023-12-08.
- ^ "Brookfield and Ontario Teachers' acquire Compass Datacenters in $5.5 Billion Deal". Techerati. 2023-06-21. Retrieved 2023-12-08.
- ^ "Brookfield Increased Loan to Compass Ahead of $5.5 Billion Buyout". Bloomberg.com. 2023-06-27. Retrieved 2023-12-09.
- ^ "Compass Datacenters Partners". Compass Datacenters. Retrieved 2024-03-24.
- ^ "Executive Insights: Chris Crosby". Data Center Frontier. 2015-09-18. Retrieved 2023-12-08.
- ^ US20140352231A1, JR, Christopher J. Crosby, "Truly modular building datacenter facility", issued 2014-12-04
- ^ "Radix IoT Platform Launch Poised to Disrupt the IoT Sector". Yahoo Finance. 2020-09-15. Retrieved 2024-03-31.
- ^ "Compass Buys Root, Enters Montreal Hyperscale Data Center Market". Data Center Knowledge | News and analysis for the data center industry. 2019-07-23. Retrieved 2023-12-08.
- ^ "Amazon in talks to set up data centers in Israel – Globes". www.spglobal.com. Retrieved 2023-12-08.
- ^ "Azrieli buying 20% stake in data centers firm Compass for $135M". www.spglobal.com. Retrieved 2024-01-22.
- ^ Staff, T. R. D. (2023-09-17). "Sears Headquarters Sold to Compass Datacenters For $194 Million". The Real Deal. Retrieved 2023-12-09.
- ^ "Compass Datacenters acquires former Sears headquarters in Hoffman Estates". Chicago Tribune. 2023-09-13. Retrieved 2023-12-09.
- ^ Kelleher, Colleen (2023-12-14). "Massive PW Digital Gateway Data Center Plan Approved in Prince William County". Northern Virginia Magazine. Retrieved 2023-12-21.
- ^ Turco, Rebecca (2023-12-17). "'The fight is definitely not over': Prince William woman leads charge against data centers". WJLA. Retrieved 2023-12-21.
- ^ Writers, Jill Palermo and Peter Cary Times Staff (2023-12-13). "BREAKING: Supervisors OK Digital Gateway". Prince William Times. Retrieved 2023-12-21.
- ^ "Brookfield and Ontario Teachers' Pension Plan secure Compass Datacenters acquisition". Benefits and Pensions Monitor. Retrieved 2023-12-16.