Centersquare acquires 10 data centers in North America

Torys acted as Canadian counsel to an American multinational data center company with a team led by Laurie Duke and that included Danielle Marjoram (corporate/M&A), Omar Wakil and Rebecca Wagner (competition), Tom Stevenson (employment), Ed Fan (IP), Andrew Wong and Julia Zhuo (tax).

On October 2, 2025, Centersquare announced the acquisition of 10 data centers across the United States and Canada, expanding its portfolio to 80 facilities and significantly increasing its capacity to support high-density computing workloads.

These transactions, with enterprise value of US$1 billion, are self-funded by Centersquare using cash on hand and include the purchase of two data centers in Boston and Minneapolis that the company had been operating under long-term lease agreements, along with eight additional colocation facilities in Dallas, Tulsa, Nashville, Raleigh, Toronto, and Montreal.

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Centersquare is a premier colocation provider with a proven track record of delivering secure, scalable, and highly reliable data center services. It offers flexible solutions backed by a 100% uptime guarantee, serving thousands of organizations across industries including technology, financial services, healthcare, and media.