Chicago’s ColoHouse has acquired Steadfast, a cloud, bare metal, and data centre provider in the Midwest.
The acquisition includes three colocation data centre locations, along with enterprise-class cloud, and hosting solutions.
Financial details of the transaction have not been disclosed at this stage.
Paul Bint, CEO of ColoHouse, said: “We are delighted to bring Paul Voswinkel [CFO and interim-CEO of Steadfast] and his team at Steadfast on board to reinforce an already powerful, robust IT platform across a diverse geographic footprint.
“Steadfast brings solid and complete cloud solution offerings to the ColoHouse portfolio, further enriching an already strong cloud portfolio. With this acquisition, ColoHouse adds two data centre locations in the most connected buildings in the Midwest – 725 S. Wells and 350 E. Cermak in Chicago. Additionally, we acquired Steadfast’s location in the Iron Mountain building in Edison, New Jersey.”
Steadfast’s Voswinkel, whom was advised by Houlihan Lokey during the acquisition process, added: “ColoHouse is bringing together best in breed digital infrastructure solutions to create a single IT provider that can deliver complete enterprise solutions. The Steadfast team, paired with the ColoHouse group, will be the most talented team in the industry specializing in products across the IT stack.”
ColoHouse’s colocation portfolio includes 28 locations in 22 cities in North America, Europe, and Asia.
During 2021, the company added seven metropolitan locations across the US in Dallas, Phoenix, Albany, Colorado Springs, Philadelphia, Chicago, and Edison.