IO Data Centers Sells its Business to Iron Mountain Incorporated for $1.34 Billion

January 16, 2018

Real Estate Department represents IO Data Centers LLC, a leading colocation data center services provider, in the transaction.

Willkie represented IO Data Centers LLC, a leading colocation data center services provider, in the sale of its business to Iron Mountain Incorporated for a purchase price of $1.34 billion.  IO’s assets include four state-of-the-art data centers in Phoenix and Scottsdale, Arizona; Edison, New Jersey and Columbus, OH totaling 728,000 square feet and providing 62 MW of capacity.  The transaction included a simultaneous buyout of the leasehold interests in two of the data centers for a purchase price of $142.5 million.

The matter was handled by partners Thomas Henry and Daniel Backer and associates Kathryn Crowe, Jennifer Coffey and Elana King.