King Street Capital Management, L.P., a global investment firm, has acquired a majority ownership stake in Colovore – a Santa Clara-based data center operator specializing in high-density colocation for artificial intelligence and high-performance computing. The terms of the transaction were not disclosed.
This acquisition will utilize King Street’s real estate platform to support Colovore’s growth as it meets the growing demand for liquid-cooled data center solutions. The current management team at Colovore will continue to lead the business as it expands rapidly.
According to Brian Higgins, co-founder and managing partner of King Street, “The increasing use of next-generation chips and power-dense platforms for AI and other high-performance computing applications is overwhelming traditional air-cooled data centers.” He believes that Colovore is well-equipped to cater to these customers with its exclusive focus on liquid-cooled data centers and over ten years of successful operations serving leaders in the AI and HPC industries.
With locations in Santa Clara and Nevada, Colovore plans on expanding into more Tier 1 markets across the country with King Street’s backing. This news was originally published by Connect CRE.
