IO Data Centers’ U.S. Operations to be Acquired by Iron Mountain
12.13.17
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Simpson Thacher is representing IO Data Centers LLC in its sale to Iron Mountain Incorporated. The announced deal is worth $1.315 billion plus up to $60 million based on future performance. The transaction is anticipated to close in January 2018, subject to satisfaction of customary closing conditions.
IO Data Centers LLC is a leading colocation data center services provider based in Phoenix, Arizona. Iron Mountain Incorporated is the global leader in storage and information management services.
The Simpson Thacher team includes Gary Horowitz, Mike Wolfson, James Parry, M. Shin, Mary-Jane Rabeony and Erica Egenes (M&A); Nancy Mehlman, Jodi Schneider and Chris Murray (Tax); Lori Lesser and Kate Stein (IP); and Andrew Blau, Alina Grinman and Michael Cook (ECEB).