Centersquare has acquired two Canadian data centres, in Toronto and Montreal, as part of a cross-border acquisition involving 10 AI facilities.

The acquisitions have an enterprise value of US$1 billion. Centersquare self-funded the purchases using cash on hand. 

 The other acquired assets are two data centres located in Boston and Minneapolis that Centersquare had been operating under long-term leases and colocation facilities in Dallas, Tulsa, Nashville and Raleigh, N.C. 

“This package of acquisitions represents more than just volume growth — it reflects the growing strength and gaining momentum of our platform,” said Spencer Mullee, CEO of Centersquare. “By adding capacity in strategic markets, we are positioning Centersquare to capture the surging demand for trusted, high-performance infrastructure. Our customers — from enterprise to scale — are looking for partners who can grow with them, and we are delivering the reliable power, connectivity, and engineered environments they need to accelerate innovation.”

Dallas-based Centersquare formed through Toronto-headquartered Brookfield Infrastructure Partners’ US$775-million purchase of Cyxtera’s assets in early 2024. Brookfield Infrastructure, a subsidiary of Canadian firm Brookfield Asset Management, bought Cyxtera through its Montreal-based subsidiary Evoque. 

The merged company was later rebranded as Centersquare.

A company spokesperson told Datacenterdynamics.com that the 10 assets were acquired from “multiple sellers who wish to remain anonymous.”

Photo: Evoque