Bank Street served as exclusive financial advisor to INAP in connection with the sale of its Houston data center colocation business to Netrality Data Centers
Industry
Data Centers
Service
M&A Advisory
Transaction Date
June 2020
“We are pleased to announce the sale of our Houston colocation business to Netrality. Our colocation customers will be in great hands, as Netrality continues to invest in the building. The sale makes good sense for us right now, as we streamline our portfolio to position ourselves for organic growth.”
Mike Sicoli
President & Chief Executive Officer
INAP
“We are excited about the acquisition of INAP’s colocation and meet-me-room assets at 1301 Fannin. The synergies between our two ecosystems of service providers will create seamless connectivity options for our customers, enriching the interconnectivity of our Houston data center.”