H5 Data Centers, Novacap Add Three Regional Sites
H5 Data Centers has acquired three data centers from 365 Data Centers, adding facilities in Buffalo, New York; Nashville, Tennessee; and Tampa, Florida.
The transaction marks the second portfolio acquisition completed by H5 Data Centers in partnership with Canadian private equity firm Novacap. Last January, the two firms announced the acquisition of a U.S. wholesale data center portfolio.
“These facilities are important digital infrastructure assets with deeply interconnected ecosystems and long-standing customer relationships,” said Josh Simms, CEO of H5 Data Centers. “They fit within our focus of owning and operating data centers that support carrier networks, digital content distribution, and the next generation of cloud, AI, and enterprise workloads.”
The newly acquired data centers expand H5’s presence in strategically important regional markets, supporting network connectivity, cloud on-ramps, and latency-sensitive workloads for enterprise and service provider customers. The assets are expected to play a key role in H5’s broader effort to create interconnection-rich environments that enable scalable growth for customers as digital demand accelerates.
Novacap highlighted the acquisition as consistent with its digital infrastructure investment strategy. “H5 Data Centers brings deep operating expertise and a clear vision for building highly interconnected data centers,” said Ted Mocarski, senior partner and head of digital infrastructure at Novacap. “This transaction fits squarely within our strategy of building a diversified portfolio of high-quality digital infrastructure assets.”
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