AMP Capital completes its largest US equity deal
December 6, 2019

Global investment manager AMP Capital says it has closed its largest equity investment in North America to date, with the acquisition of Expedient (Continental Broadband, LLC) from Landmark Media Enterprises, LLC.

Expedient is a US provider of cloud computing and data center services, offering an integrated suite of colocation, cloud, managed services and network access products to a highly diverse base of over 1,200 customers.

The deal is AMP Capital's first equity investment in the data centre/Infrastructure as a Service (IaaS) sector, the result of a global search spanning multiple years for a suitable point of entry.

Expedient operates 11 self-directed data centre facilities and leverages a half dozen partner facilities in order to provide critical outsourced information technology solutions to a range of businesses and industries in Ohio, Indiana, Pennsylvania, Maryland, Massachusetts, Tennessee and Arizona.

The current data centre footprint consists of approximately 160k square feet of space and 12.4MW of power. It provides comprehensive, value-enhancing hybrid solutions supported by continuous product innovation.

AMP Capital says that as it shares a geographic footprint with Everstream, a Cleveland-based fibre provider acquired by it in 2018, the acquisition positions AMP Capital as a leading player in the communications sector in the Midwest.





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Global investment manager AMP Capital says it has closed its largest equity investment in North America to date, with the acquisition of Expedient (Continental Broadband, LLC) from Landmark Media Enterprises, LLC.

Expedient is a US provider of cloud computing and data center services, offering an integrated suite of colocation, cloud, managed services and network access products to a highly diverse base of over 1,200 customers.

The deal is AMP Capital's first equity investment in the data centre/Infrastructure as a Service (IaaS) sector, the result of a global search spanning multiple years for a suitable point of entry.

Expedient operates 11 self-directed data centre facilities and leverages a half dozen partner facilities in order to provide critical outsourced information technology solutions to a range of businesses and industries in Ohio, Indiana, Pennsylvania, Maryland, Massachusetts, Tennessee and Arizona.

The current data centre footprint consists of approximately 160k square feet of space and 12.4MW of power. It provides comprehensive, value-enhancing hybrid solutions supported by continuous product innovation.

AMP Capital says that as it shares a geographic footprint with Everstream, a Cleveland-based fibre provider acquired by it in 2018, the acquisition positions AMP Capital as a leading player in the communications sector in the Midwest.



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