M&A Deal Summary

American Tower Acquires CoreSite

On November 15, 2021, American Tower acquired internet software and services company CoreSite for 10.1B USD

Acquisition Highlights
  • This is American Tower’s 1st transaction in the Internet Software and Services sector.
  • This is American Tower’s largest (disclosed) transaction.
  • This is American Tower’s 12th transaction in the United States.
  • This is American Tower’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-11-15
Target CoreSite
Sector Internet Software and Services
Buyer(s) American Tower
Deal Type Add-on Acquisition
Deal Value 10.1B USD
Advisor(s) Evercore Group (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

CoreSite

Denver, Colorado, United States
CoreSite delivers secure, reliable, high-uptime data center campuses with high-performance cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. CoreSite was founded in 2001 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

American Tower

Boston, Massachusetts, United States
Category Company
Founded 1995
Sector Real Estate
Employees5,643
Revenue 11.1B USD (2023)
DESCRIPTION

American Tower is an independent owner, operator, and developer of wireless and broadcast communication real estate. The Company's global portfolio includes over 99,000 owned or managed sites and is experiencing steady growth. In addition to leasing space on towers, American Tower provides customized collocation solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. American Tower was founded in 1995 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 15 of 15
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 12 of 12
State (Colorado) 1 of 1
Country (United States) 12 of 12
Year (2021) 2 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Municipal Communications

Atlanta, Georgia, United States

Municipal Communications develops, owns, and operates cellular towers in the southeastern United States. The company partners with local municipalities to develop towers in difficult-to-zone locations. Municipal Communications was founded in 2010 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 American Tower’s Data Center Business

Boston, Massachusetts, United States

American Tower’s Data Center Business provides IT solutions based in Boston, Massachusetts.

Sell -
Mergr

Product

Company

Legal