US fibre network operator Zayo has agreed to buy co-location and infrastructure as a service (IaaS) provider Latisys Holdings for US$675m.
Further to the deal, Zayo will expand its data centre portfolio to 45 facilities within the US, France and the UK,…
US fibre network operator Zayo has agreed to buy co-location and infrastructure as a service (IaaS) provider Latisys Holdings for US$675m.
Further to the deal, Zayo will expand its data centre portfolio to 45 facilities within the US, France and the UK, the company said in a statement.
The transaction will be funded with senior unsecured debt and is expected to close this quarter, subject to customary approvals. DH Capital advised the target on the sale.
“The addition of Latisys into Zayo strengthens Zayo’s portfolio of infrastructure services,” Zayo CEO Dan Caruso said.
Latisys provides co-location and IaaS services through eight data centres across five markets – Northern Virginia, Chicago, Denver, Orange County and London.
According to the statement, the company reported EBITDA of US$11m in Q3 2014.
Colorado-based Zayo owns and operates metropolitan fibre networks across all of the Latisys markets, connecting each of its data centre facilities.
Last week, it completed the acquisition of Kansas-based IdeaTek Systems for US$52m in a cash-on-hand deal.
Zayo, which was listed on the New York stock exchange last October in a US$460m IPO, has acquired around 30 businesses for a total investment value of US$3.7bn since it was founded in 2007.
The company’s existing network currently covers more than 81,500 route miles across the US and Europe.
