BOSTON, December 15, 2017: Morgan Lewis represented Iron Mountain Incorporated, the global leader in storage and information management services, in its agreement to acquire the US operations of IO Data Centers LLC for $1.315 billion plus up to $60 million based on future performance and subject to customary adjustments.
Iron Mountain will acquire the land and buildings associated with four state-of-the-art data centers in Phoenix and Scottsdale, Arizona; Edison, New Jersey; and Columbus, Ohio. The existing data center space in the four owned facilities totals 728,000 square feet, providing 62 megawatts (MW) of capacity with expansion potential of an additional 77 MW in Arizona and New Jersey.
The Morgan Lewis team was led by partners Laurie Cerveny and Andrew Mariniello, and associates Doug Kingston and Richard Umbrecht. Partners Dan Nelson, Patrick Rehfield, Chris Amandes, Harry Robins, Michael Schlemmer, and Don Shelkey aided in the transaction, along with senior counsel Alan Singer, of counsels Emily Lowe and Alison Weisberg, senior attorney Michael Pfeuffer, and associates Paul Williams, Jasmine Blackmeir, Samantha Souza, Ariane Baczynski, Shannon Delaney, Ali Good, Michelle Catchur, Gene Park, and Luisa Di Lauro.