September 29, 2017
A team from global law firm Greenberg Traurig, LLP successfully represented 365 Data Centers, a leading provider of data center solutions for carrier, content, and cloud customers, in acquiring Broadband One LLC d/b/a Host.net, a hybrid data center services provider. The acquired facilities are located in Boca Raton and Fort Lauderdale, Florida. In addition, the acquired business maintains more than 30 network points-of-presence on a nationwide transit network with 330 peering partners. The transaction closed September 26, 2017.
This acquisition follows shortly after 365 Data Center’s equity sponsors, Chirisa Holdings Inc., Lumerity Capital, and Longboat Advisors, purchased the 365 Data Centers platform. According to the company, this deal supports the company’s reported strategy of broadening 365 Data Center’s customer and services base, appealing to enterprise customers as well as its current carrier, content, and cloud users.
With this acquisition, 365 Data Centers now covers 10 markets with data centers in Boca Raton, Buffalo, Chicago, Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York, and Tampa. Host.net was sold to 365 Data Centers by Novacap, one of Canada’s leading private equity firms.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. A single entity worldwide, GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.
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