Data centre REIT QTS Realty Trust (NYSE: QTS) said stockholders voted to approve the acquisition of QTS by affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and Blackstone Property Partners.

The vote held at a Special Meeting of Stockholders held early Thursday, comes less than three months after the intention of the all-stock deal was announced by the Blackstone funds.

Under the terms of the merger agreement, QTS common stockholders will receive $78.00 in cash for each share of QTS common stock they own.

Subject to the satisfaction or waiver of all of the conditions to the closing of the transaction in the merger agreement, the transaction is expected to be completed on August 31, 2021.

Upon closing of the transaction, QTS’ common stock, Series A preferred stock and Series B preferred stock will no longer be listed on any public market.

Chad Williams, Chairman and CEO of QTS, said: “I thank our stockholders for their strong support of the transformative transaction with Blackstone, which will provide compelling, immediate and certain value to stockholders and position QTS to better serve customers’ expanding data centre infrastructure needs. With this significant milestone now behind us, we look forward to completing the transaction with Blackstone.”

The stockholders approval comes as QTS continues on a positive cycle of growth. Earlier this month, the operator reported revenues of over 15% for its Q2 2021 operating results.

In total, the company cashed in sales of US$155.2 million for the quarter ended June 30, 2021, an increase of 17.9% compared to the same period in 2020.

Shares of the company have rocketed in the last 3 months, from $64.49 per stock on June 6, to $78.15 the next day on the back of the merger announcement. Shares are up 0.18% at the time of writing, trading at $77.93.

QTS owns, operates or manages 28 data centres and supports more than 1,200 customers primarily in North America and Europe.