Dallas, October 3, 2025
News Summary
Centersquare, based in Dallas, has announced its acquisition of 10 data centers across the U.S. and Canada for a total enterprise value of $1 billion. This strategic move expands their portfolio to 80 facilities and enhances their capabilities to support high-density computing workloads, particularly for generative AI and advanced analytics. The acquisition, self-funded using cash reserves, includes facilities in major cities such as Boston, Minneapolis, Dallas, and Toronto. Centersquare aims to meet the growing demand for AI-driven infrastructure in various industries.
Dallas
Centersquare completes $1 billion acquisition of 10 data centers across North America
Centersquare, a Dallas-based data center colocation provider, has acquired 10 additional data centers in the U.S. and Canada. The acquisition has a total enterprise value of $1 billion and expands Centersquare’s portfolio to 80 facilities. The deal was self-funded using cash on hand and is intended to materially increase the company’s capacity to support high-density computing workloads and GPU-intensive infrastructure used for generative AI, machine learning, and advanced analytics.
Key transaction details
The 10 new facilities add substantial power and space to Centersquare’s platform and enable the company to provide reliable power, connectivity, and engineered environments for customers. The deals include the purchase of two data centers in Boston and Minneapolis, which Centersquare had been operating under long-term lease agreements. Additional colocation facilities acquired are located in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal.
The acquisitions significantly increase Centersquare’s capacity to support high-density computing workloads. Centersquare focuses on supporting GPU-intensive workloads essential for generative AI, machine learning, and advanced analytics. The company serves a robust base of enterprise and hyperscale customers with significant room for future expansion and serves thousands of organizations across various industries, including technology, financial services, healthcare, and media, with flexible solutions backed by a 100% uptime guarantee.
Strategic rationale and market context
Centersquare was formed in January 2024 through a merger between Evoque Data Center Solutions and Cyxtera Technologies, both owned by Brookfield Infrastructure Partners. The company rebranded as Centersquare in April 2024. Leadership describes the recent acquisitions as reflecting the platform’s growing strength and momentum rather than purely volume growth.
Industry leadership has pointed to broader market shifts that favor off-premises infrastructure and AI-driven architectures demanding higher power densities. Centersquare has continued to grow its customer and revenue base while developing a cost-efficient operating platform over the last two years and is investing in scalable, energy-efficient, and resilient infrastructure to meet rising demand linked to AI adoption.
Operations and customer impact
By adding these facilities, Centersquare expands its ability to support enterprise and hyperscale customers with high-performance infrastructure. The new centers are intended to increase available power and rack space and to deliver engineered environments for workloads that require high-density power and cooling solutions. The acquisitions also formalize ownership of at least two locations that were previously operated under long-term leases, providing more operational control and potential future development flexibility.
Financial and organizational notes
Centersquare self-funded the acquisitions using cash on hand. Over recent months the company has added senior development leadership and continued to invest in an operating platform that supports growth in high-density and AI-driven workloads. Centersquare continues to position itself to meet surging demand in strategic markets by expanding capacity where enterprise and hyperscale customers are increasingly deploying GPU-heavy and AI-focused computing resources.
FAQ
What did Centersquare acquire?
Centersquare, a Dallas-based data center colocation provider, has acquired 10 additional data centers in the U.S. and Canada.
What is the enterprise value of the acquisition?
The acquisition has a total enterprise value of $1 billion.
How does this change Centersquare’s portfolio size?
This deal expands Centersquare’s portfolio to 80 facilities.
How was the acquisition funded?
Centersquare self-funded the acquisitions using cash on hand.
Which specific locations were included in the deal?
The deals include the purchase of two data centers in Boston and Minneapolis, which Centersquare had been operating under long-term lease agreements.
Additional colocation facilities acquired are located in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal.
What capacity and workload capabilities do the new facilities add?
The 10 new facilities add substantial power and space to Centersquare’s platform.
Centersquare focuses on supporting GPU-intensive workloads essential for generative AI, machine learning, and advanced analytics.
The acquisitions significantly increase Centersquare’s capacity to support high-density computing workloads.
When was Centersquare formed and rebranded?
Centersquare was formed in January 2024 through a merger between Evoque Data Center Solutions and Cyxtera Technologies, both owned by Brookfield Infrastructure Partners.
The company rebranded as Centersquare in April 2024.
Who are the customers and industries served by Centersquare?
Centersquare serves a robust base of enterprise and hyperscale customers with significant room for future expansion.
Centersquare serves thousands of organizations across various industries, including technology, financial services, healthcare, and media, with flexible solutions backed by a 100% uptime guarantee.
What market trends support this acquisition?
Udhay Mathialagan, CEO of Brookfield Global Data Centers, noted that workloads are shifting towards off-premises solutions and AI-driven architecture demanding higher power densities.
| Feature | Detail |
|---|---|
| Number of facilities acquired | 10 data centers in the U.S. and Canada |
| Enterprise value | $1 billion |
| New total portfolio size | 80 facilities |
| Funding | Centersquare self-funded the acquisitions using cash on hand |
| Key workload focus | GPU-intensive workloads for generative AI, machine learning, and advanced analytics |
| Cities added | Boston; Minneapolis; Dallas; Tulsa; Nashville; Raleigh; Toronto; Montreal |
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Additional Resources
- Dallas Innovates: Centersquare Builds Backbone for AI Era
- JLL: Centersquare Relocates Headquarters
- Data Centre Magazine: Centersquare Heads Up Merger
- Capacity Media: Evoque and Cyxtera Unveil New Entity
- Data Center Dynamics: Brookfield Combines Cyxtera and Evoque
- Wikipedia: Data Center
- Google Search: Data Centers
- Google Scholar: Data Centers
- Encyclopedia Britannica: Data Centers
- Google News: Data Centers
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