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One boasts more than two million square feet of hosting floor across both sides of the Atlantic, the other has more than 20 years of facility development and management.
Founder and Editor, The Tech Capital
April 27, 2021 | 3:07 PM BST
Design, engineering, construction and operations solutions for data centres and critical facilities Ascent and Lincoln Rackhouse, the data centre division of Lincoln Property Company, have combined data centre facilities management operations to create a full-service platform focused on meeting the complex requirements and escalating demands of enterprise and hyperscale users.
The partnership, which will operate as Ascent, “underscores a mutual commitment to working with clients to provide powerful, flexible and customised solutions across the full lifecycle of a data centre facility”.
Ascent’s services include data centre operations and maintenance management, design, construction management and consulting and engineering.
Lincoln Rackhouse currently owns a portfolio of data centres, managing more than two million square feet of mission critical space across the US and in London, UK.
The company said in a press statement that it will continue to acquire and develop enterprise data centre facilities and lease them to data centre operators to accommodate the enterprise shift in demand for data centre space and further expand its footprint.
Bob Painter, president of Ascent, said: “The combination will allow us to continue providing and growing our industry-leading solutions and services offering and to accelerate our development and deployment of innovative technologies. This is the first step in our next decade of strategic growth, market leadership and best-in-class customer service.”
Martin Peck, who oversees the Lincoln Rackhouse business, will partner with Painter and the Ascent management team to merge these facility management platforms and grow the combined operation.
He said: “As new technologies and bandwidth requirements drive the evolution and growth of the data centre industry, companies are increasing the outsourcing of their data centre operations and monitoring to third-party operators that specialize in those operations.”
An affiliate of Stone Point Capital LLC, an investment firm focused on the global financial services and related industries, has partnered with the Lincoln Rackhouse team, Ascent Founder Phil Horstmann, Painter and other members of Ascent’s senior management team to provide the combined company with growth capital.
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