Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

October 6, 2020

Investment firm acquires Norwalk data center company

IMAGE | Pixabay.com
By Michelle Tuccitto Sullo

Stonecourt Capital LP has acquired 365 Data Centers, a Norwalk company which provides hybrid data center solutions.

Stonecourt Capital is a New York City-based private investment firm. Terms of the deal were not disclosed.

Bob DeSantis, CEO of 365 Data Centers, will continue to lead the company as CEO, a board member and investor. DeSantis indicated he anticipates the partnership will enhance the company’s ability to grow.

"We are pleased to welcome Stonecourt as a partner in 365 Data Centers," DeSantis said in an announcement. "Stonecourt has a proven reputation of supporting growth businesses with financial and strategic resources, and we are excited to partner with them to foster the next phase of the company's expansion.”

Launched in 2017, 365 Data Centers operates 230,000 square feet of data center space. According to the company, it provides hybrid data center solutions and business continuity services for more than 650 customers in the eastern United States.

It has data centers in Boca Raton, Bridgewater, N.J., Buffalo, Chicago, Commack, N.Y., Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City and Tampa.

Original investors Lumerity Capital and Longboat Advisors have reinvested into the new partnership. 

Lance Hirt, managing partner at Stonecourt, said his company’s team is excited to partner with 365 Data Centers and its investors to “deploy significant additional capital to accelerate the company's growth trajectory.”

“We are already engaged on several near-term acquisition opportunities which will meaningfully enhance the company's service offerings,” Hirt said in an announcement.

Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.

Sign up for Enews

Most Recent

Most Recent

0 Comments

Order a PDF