Compass Datacenters Explained

Compass Datacenters LLC
Type:Private
Industry:Internet
Founder:Chris Crosby
Hq Location:Dallas, Texas, US

Compass Datacenters LLC Is an American multinational data center company. It is a significant player in the hyperscale computing space,[1] with approximately 17 active datacenter campuses in the US, and internationally in Canada and Israel.[2]

Since 2023, the company has been controlled by the private equity arms of Ontario Teachers' Pension Plan and Brookfield Infrastructure Partners.[3] [4]

Compass' partners include Schneider Electric, Cummins, Foster Fuels, Vertiv and Salute.[5]

History

Compass Datacenters was founded in 2011 by Chris Crosby, who previously was a senior vice president of Digital Realty[6] with a focus on modular datacenters. In 2014, the company received a patent noting that they had created a truly modular datacenter.[7]

Compass wholly owns a software as a service company known as Radix IoT that specializes in datacenter management software.[8]

Compass initially started with a focus on US operations however eventually expanded abroad. Specifically to Canada through the acquisition of ROOT datacenters [9] in 2019 and expansion to Israel directly through a partnership with Amazon Web Services.[10] In the same time period Azrieli Group acquired a 20% stake in the organization.[11] In 2023 the company acquired the former Sears HQ in Illinois to create a datacenter mega campus.[12] [13] On December 13, 2023, it was confirmed the Compass Datacenters Prince William County project, one of the largest in the world, was set to go through after a 4–3 vote in favor of development. [14] [15] [16]

On June 26, 2023, it was announced that Brookfield Infrastructure Partners and Ontario Teachers' Pension Plan had purchased the company.[17]

External links

Notes and References

  1. Web site: ReportLinker . 2022-06-28 . The Global Hyperscale data center market is expected to grow at a CAGR of 5.69% during 2022 to 2027. . 2023-12-08 . GlobeNewswire News Room . en . 2023-12-08 . https://web.archive.org/web/20231208205402/https://www.globenewswire.com/news-release/2022/06/28/2470019/0/en/The-Global-Hyperscale-data-center-market-is-expected-to-grow-at-a-CAGR-of-5-69-during-2022-to-2027.html . live .
  2. Web site: Combs . DeAnn . 2023-06-21 . And the winner is … Brookfield, Ontario Teachers Acquire Compass Datacenters . 2023-12-08 . Inside Towers . en-US . 2023-12-08 . https://web.archive.org/web/20231208205404/https://insidetowers.com/and-the-winner-is-brookfield-ontario-teachers-acquire-compass-datacenters/ . live .
  3. Web site: 2023-06-21 . Brookfield and Ontario Teachers’ acquire Compass Datacenters in $5.5 Billion Deal . 2023-12-08 . Techerati . 2023-12-08 . https://web.archive.org/web/20231208205403/https://www.techerati.com/news-hub/brookfield-ontario-teachers-compass-datacenters-deal/ . live .
  4. News: 2023-06-27 . Brookfield Increased Loan to Compass Ahead of $5.5 Billion Buyout . en . Bloomberg.com . 2023-12-09.
  5. Web site: Compass Datacenters Partners . 2024-03-24 . Compass Datacenters .
  6. Web site: 2015-09-18 . Executive Insights: Chris Crosby . 2023-12-08 . Data Center Frontier . 2023-12-08 . https://web.archive.org/web/20231208205403/https://www.datacenterfrontier.com/chris-crosby-compass-executive-roundtable . live .
  7. US20140352231A1. Truly modular building datacenter facility. 2014-12-04. JR. Christopher J. Crosby.
  8. Web site: 2020-09-15 . Radix IoT Platform Launch Poised to Disrupt the IoT Sector . 2024-03-31 . Yahoo Finance . en-US . 2024-03-31 . https://web.archive.org/web/20240331145238/https://finance.yahoo.com/news/radix-iot-platform-launch-poised-120000518.html . live .
  9. Web site: 2019-07-23 . Compass Buys Root, Enters Montreal Hyperscale Data Center Market . 2023-12-08 . Data Center Knowledge News and analysis for the data center industry . en . 2023-12-08 . https://web.archive.org/web/20231208205402/https://www.datacenterknowledge.com/compass-datacenters/compass-buys-root-enters-montreal-hyperscale-data-center-market . live .
  10. Web site: Amazon in talks to set up data centers in Israel – Globes . 2023-12-08 . www.spglobal.com . en-us . 2023-12-08 . https://web.archive.org/web/20231208205402/https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/amazon-in-talks-to-set-up-data-centers-in-israel-8211-globes-59740658 . live .
  11. Web site: Azrieli buying 20% stake in data centers firm Compass for $135M . 2024-01-22 . www.spglobal.com . en-us . 2024-09-01 . https://web.archive.org/web/20240901184600/https://www.spglobal.com/marketintelligence/en/news-insights/trending/NLn-_87wqhv87ZfFgJnKWQ2 . live .
  12. Web site: Staff . T. R. D. . 2023-09-17 . Sears Headquarters Sold to Compass Datacenters For $194 Million . 2023-12-09 . The Real Deal . en . 2024-09-27 . https://web.archive.org/web/20240927031911/https://therealdeal.com/chicago/2023/09/17/sears-headquarters-sold-to-compass-datacenters-for-194m/ . live .
  13. Web site: 2023-09-13 . Compass Datacenters acquires former Sears headquarters in Hoffman Estates . 2023-12-09 . Chicago Tribune . 2023-12-09 . https://web.archive.org/web/20231209165515/https://www.chicagotribune.com/business/ct-biz-compass-datacenters-sears-headquarters-hoffman-estates-20230913-qeusflbo2bdkpdhtsonhppbnae-story.html . live .
  14. Web site: Kelleher . Colleen . 2023-12-14 . Massive PW Digital Gateway Data Center Plan Approved in Prince William County . 2023-12-21 . Northern Virginia Magazine . en-US . 2023-12-21 . https://web.archive.org/web/20231221155626/https://northernvirginiamag.com/culture/news/2023/12/14/massive-pw-digital-gateway-data-center-plan-approved-in-prince-william-county/ . live .
  15. Web site: Turco . Rebecca . 2023-12-17 . 'The fight is definitely not over': Prince William woman leads charge against data centers . 2023-12-21 . WJLA . en . 2023-12-21 . https://web.archive.org/web/20231221155625/https://wjla.com/news/local/prince-william-county-data-centers-digital-gateway-virginia-coalition-compass-vote-meeting-community-members-fight-legal-action-land-karen-sheehan-chris-curtis-rezone . live .
  16. Web site: Writers . Jill Palermo and Peter Cary Times Staff . 2023-12-13 . BREAKING: Supervisors OK Digital Gateway . 2023-12-21 . Prince William Times . en . 2023-12-21 . https://web.archive.org/web/20231221155816/https://www.princewilliamtimes.com/news/breaking-supervisors-ok-digital-gateway/article_4bca3472-99f0-11ee-a77b-8bb794eb58d4.html . live .
  17. Web site: Brookfield and Ontario Teachers' Pension Plan secure Compass Datacenters acquisition. Benefits and Pensions Monitor. 2023-12-16. en. 2023-12-17. https://web.archive.org/web/20231217005427/https://www.benefitsandpensionsmonitor.com/news/industry-news/brookfield-and-ontario-teachers-pension-plan-secure-compass-datacenters-acquisition/377102. live.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Compass Datacenters".

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