M&A Deal Summary

Cologix and CIM Group Acquire TOR4

On February 23, 2022, Cologix and CIM Group acquired information technology company TOR4

Acquisition Highlights
  • This is Cologix’s 4th and CIM Group’s 1st transaction in the Information Technology sector.
  • This is Cologix’s 3rd and CIM Group’s 1st transaction in Canada.
  • This is Cologix’s 1st and CIM Group’s 1st transaction in Ontario.

M&A Deal Summary

Date 2022-02-23
Target TOR4
Sector Information Technology
Buyer(s) Cologix
CIM Group
Deal Type Joint Venture

Target

TOR4

Toronto, Ontario, Canada
TOR4 is a 50K SQFT purpose-built data center that offers 15 MW of power and diverse dark fiber connectivity. TOR4 is based in Toronto, Ontario.

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Buyer(S) 2

Buyer

Cologix

Denver, Colorado, United States

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Cologix is a network-neutral interconnection and colocation company that provides massively scalable interconnection services and secure, reliable colocation services in densely connected, strategically located data centers. Cologix was founded in 2010 and is headquartered in Denver, Colorado.


DEAL STATS #
Overall 5 of 6
Sector: Information Technology M&A 4 of 5
Type: Joint Venture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 3 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 vXchnge Operating - Minneapolis Data Center

Minneapolis, Minnesota, United States

vXchnge Operating LLC - Minneapolis Data Center is a 16,000 square foot data center seeking dynamic cloud ecosystems and onramps to support their cloud migrations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-22 DataHive

Calgary, Alberta, Canada

DataHive is a neutral over-30-ISP hub, providing colocation, virtual server hosting, private cloud, data backup, and cybersecurity. DataHive is based in Calgary, Alberta.

Buy -
Buyer

CIM Group

Los Angeles, California, United States

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

CIM Group is a real estate and infrastructure owner, operator, lender, and developer that manages real asset equity and credit strategies, investing in properties and projects. CIM Group was founded in 1994 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1