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Switch plans to expand metro Atlanta footprint with $772M data center

Switch plans to expand metro Atlanta footprint with $772M data center
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Switch to Acquire Texas Data Center Operator Data Foundry for $420M

Switch to Acquire Texas Data Center Operator Data Foundry for $420M
Colocation sites in Houston and Austin will give Switch its first footprint in the strategically important Central US region.
Switch is adding Texas to its list of US data center campuses by acquiring Data Foundry, a colocation operator with data centers in Houston and Austin.
Las Vegas-based Switch said Monday that it’s agreed to pay $420 million cash for Data Foundry’s business – a 19x 2021 estimated EBITDA multiple. It plans to fund the transaction through a combination of cash on hand and either credit or new debt securities.
Austin and Houston will “anchor” Switch’s fifth “Prime Data Center Campus,” giving the company its first footprint in the strategically important Central US region. Companies building nationwide compute infrastructure tend to set up on west and east coasts and in Central US. ....

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