Tonaquint Acquires EdgeX Data Centers
Tonaquint Data Centers (St. George, Utah) has acquired EdgeX Data Centers (Oklahoma City), adding a further site to its portfolio of data centers in the United States.
Tonaquint is a specialized data center provider offering cloud, colocation, backup, disaster recovery and network-as-a-service solutions to mid-market organizations through its facilities in the Mountain West and Southwest regions of the United States.
The company was founded in 2008 in St. George, Utah, with a 30,000 square foot data center (pictured left). It entered the Boise, Idaho market in 2020 with the acquisition of Fiberpipe Data Centers, Inc., whose data room is pictured above.
The EdgeX acquisition adds another data center in Oklahoma City to Tonaquint’s existing facilities in Boise and St. George.
The EdgeX facility is a purpose-built Tier III data center, comprising 65,000 square feet in total, including two 10,000 square foot data halls, situated on a highly secure 4-acre campus. The facility has the ability to deliver water-chilled cooling for high density workloads.
Tonaquint plans to commission a minimum of 2.5 MW of critical IT load, via a phased approach, in the first year of operations. With an expansion capability of up to 12MW, the EdgeX facility holds significant future upside.
Strategically located near Will Rogers World Airport, the EdgeX facility utilizes the same electrical grid that powers the airport and is designed to withstand tornado-force winds of up to 310 mph, positioning it to provide 100% uptime.
As part of the transaction, Terry Morrison, Co-Founder and CTO of EdgeX, will join Tonaquint as COO and CTO.
Willem Jansonius, Partner at DIF and Tonaquint board member said: “This acquisition is a great step towards further building out the Tonaquint platform and expanding into underserved markets. We welcome Terry Morrison to join the strong management team at Tonaquint. Data centers form an important part of DIF’s investment strategy. We believe the investment offers substantial opportunities for value enhancement in the coming years, combined with reliable cash flows from high-quality contracts.”
“Working with the EdgeX team has been an absolute pleasure," said Matt Hamlin, CEO of Tonaquint. "This transaction will enable Tonaquint to accelerate its growth and expand the service offering to our clients.”
John Parsons, Co-Founder of EdgeX said: “We are thrilled to be able to bring EdgeX together with Tonaquint and are excited about continuing to work with them to extend the capabilities of the Tonaquint platform into the very vibrant Oklahoma City market.”
As a result of the acquisition, the company appointed Terry Morrison Chief as its Operating Officer and Chief Technology Officer.
Morrison was Co-founder and CTO of EdgeX Data Centers. As COO and CTO, Morrison now oversees Tonaquint’s national data center operations, engineering, construction, security and vendor management teams. He also leads Tonaquint’s IT and product development organization. He will guide the company’s long-term technology strategy to anticipate clients’ emerging needs and drive the development of Tonaquint’s managed cloud and colocation solutions.
"I am excited to join Tonaquint as the new Chief Operating Officer and Chief Technology Officer as it continues to innovate and drive growth. I look forward to working closely with the leadership team and employees across all levels of the organization,” said Morrison. “I’m eager to position us for even greater success in the years ahead with trained, dedicated teams utilizing progressive strategies.”
“I’m thrilled to welcome Terry to our executive team," said Hamlin. His deep technical knowledge of data center infrastructure and distinguished career driving data center innovations make him the ideal leader to oversee our national operations. His technology leadership will prove invaluable as we continue enhancing our capabilities to empower enterprise digital transformation for our clients.”
In December 2022, DIF Capital Partners acquired Tonaquint for an undisclosed amount. DIF Capital Partners is an infrastructure fund manager with EUR 16 billion of assets under management. Founded in 2005, DIF manages mid-market investments, primarily in Europe, North America and Australia. With a team of over 225 professionals, DIF offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in eleven offices in Amsterdam, Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.