Today, Ascent, a leading provider of customer-driven solutions in the design, engineering, construction and operations of data centers and critical facilities, and Lincoln Rackhouse, the data center division of Lincoln Property Company, announced the combination of data center facilities management operations to create a full-service, best-in-class platform focused on meeting the complex requirements and escalating demands of enterprise and hyperscale users.
The strategic partnership brings with it the mutual commitment to working with clients to provide powerful, flexible and customized solutions across the full lifecycle of a data center facility.
Lincoln Rackhouse’s data center acquisition, development and project management activities will accelerate Ascent’s growth. Lincoln Rackhouse will continue to acquire and develop enterprise data center facilities and lease them to data center operators to accommodate the enterprise shift in demand for data center space and further expand its footprint. Each such acquisition and development will benefit from the expertise of Ascent.
Martin Peck, who oversees the Lincoln Rackhouse business, will partner with Mr. Painter and the Ascent management team to merge these facility management platforms and grow the combined operation.
“As new technologies and bandwidth requirements drive the evolution and growth of the data center industry, companies are increasing the outsourcing of their data center operations and monitoring to third-party operators that specialize in those operations,” stated Mr. Peck. “Ascent has top-shelf platforms and processes, but it is Ascent’s talented employees that make this partnership so special. We are honored to contribute to the growth of the go-forward company.”
An affiliate of Stone Point Capital LLC, an investment firm focused on the global financial services and related industries, has partnered with the Lincoln Rackhouse team, Ascent Founder Phil Horstmann, Mr. Painter and other members of Ascent’s senior management team to provide the combined company with growth capital.
“Since Ascent’s inception in 1998, we have grown by expanding our strategic offerings in order to serve our clients. In partnering with a powerhouse real estate company like Lincoln and with capital and strategic support from Stone Point Capital, we are able to further advance our solutions and services offerings. This will provide expansion into enterprise, hyperscale and new development opportunities for the longevity of the business,” commented Mr. Horstmann.
To read the entire press release, click here.
To learn more about Ascent you can visit the company’s website.
To learn more about Lincoln Rackhouse, click here.
To learn more about Stone Point Capital LLC, click here.