Canderal, CDPQ, Fengate backed eStruxture acquires Kolotek

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By Ted Liu

eStruxture Data Centers Inc., a portfolio company of Canderel, Fengate Real Asset Investments, and Caisse de dépôt et placement du Québec, has acquired Kolotek from Gaz Métro Plus.

eStruxture Data Centers is controlled [mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]indirectly by Canderel Holdings Inc. which is wholly owned by Jonathan Wener. Fengate and CDPQ have no representation on eStructure board of directors. [/mepr-active]

The acquisition follows eStruxture’s recent announcement of securing $180 million in committed capital to enable greater velocity of its organic and inorganic growth plans.

Kolotek is a recognized leader in data centers in Quebec, and was the first Tier III Certified Data Center in the Greater Montreal area. Customers frequently praise Kolotek’s reliability, robust infrastructure and customer service. They also maintain a wide range of industry certifications, including PCI DSS and CSAE 3416 / SSAE 16 SOC 1 security certifications.

The deal will further solidify eStruxture’s leadership position in the Montreal market. Once the transaction is complete, eStruxture will have close to 900 customers from over 30 countries globally. Furthermore, the acquisition will expand the number of sites to 3 – Kolotek on the South Shore, eStruxture’s flagship downtown data center and carrier hub, and eStruxture’s recently announced hyper scale, 30MW data center at the site of the former Montreal Gazette printing facility targeted to come on-line in the second quarter, 2018. All three sites will be connected with high speed network access, providing seamless integration of customer infrastructure across all sites.

“We are excited by the opportunity to give all our customers more – more locations, more network connections and more choice,” said Todd Coleman, President & CEO of eStruxture. “Our strategy is to expand across Canada while building capacity and a greater depth of products, all in the service of giving customers more. And with our enhanced balance sheet courtesy of our new invested capital and debt facility, our position is stronger than ever.”

“We are very proud of the data center business we have built since 2009 and recognized some time ago that our customers would require more capacity, more locations and more network connections to continue to grow their businesses,” said Yvan Lefebvre, General Manager of Kolotek. “We believe this transaction is the right move both for our customers, and for the continued growth of the data center business built by our Kolotek team.”

photo credit: eStruxture