Apr. 22 at 3:58 PM
Carrier Connect Data Solutions Inc. (TSXV:
$CCDS | OTCQB:
$CCDSF) announced that it has entered into a non-binding letter of intent to acquire the principal operating assets of Rochester Colo LLC’s data center business in Rochester, New York. The transaction, which would be completed through a wholly owned U.S. subsidiary, is expected to provide Carrier Connect with an immediate operating foothold in the U.S. market and expand its ability to serve customers requiring secure, scalable and regionally resilient infrastructure.
Carrier Connect Data Solutions is a New and Notable company in the B2i Digital network. To learn more, visit https://www.carrierconnect.ca.
Under the LOI, consideration is expected to include a combination of cash and common shares of Carrier Connect, with the share component subject to staged escrow release following closing. The parties, who are at arm’s length, are working toward execution of a definitive agreement on or before June 15, 2026, with closing expected shortly thereafter, subject to due diligence, required approvals, and customary closing conditions. Carrier Connect notes that there can be no assurance that a definitive agreement will be entered into or that the Proposed Acquisition will be completed on the terms currently contemplated, or at all.
Mark Binns, Chief Executive Officer of Carrier Connect, commented: “No matter how digital the world becomes, infrastructure still matters – location, reliability, and trusted customer relationships matter. Rochester Colo would give us a meaningful entry point into the U.S. market through an operating asset with real customers, real capacity and a strong regional position. We believe this transaction has the potential to accelerate our North American growth strategy and broaden the platform we are building.”
Carrier Connect Data Solutions’ mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. As a carrier-neutral organization, Carrier’s systems are fully independent and owned outright within its leased space. The Company’s current principal markets are Vancouver, Ottawa and Saint John, Canada and Perth, Australia, where it serves clients who use its facilities either as their primary data center or as an ancillary site depending on their needs.
The company is led by Mark Binns, Chief Executive Officer; Johan Arnet, Chief Technology Officer; and Mark Alexander, Chief Revenue Officer.
Read the full announcement: https://www.newsfilecorp.com/release/293483.
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