i/o Data Centers Raises $105 Million in Growth Capital
Signal Hill Capital Group LLC served as sole placement agent to i/o Data Centers in connection with its capital raise of $105 million in Growth Capital from existing investor Sterling Partners and new investors managed by J.P. Morgan Asset Management. i/o designs, engineers, and delivers digital energy technology for the world's largest enterprises, governments, and service providers. This new round of capital allows i/o to accelerate their Data Center as a Service (DCaaS) delivery plans in North America and enables the firm to fund expansion plans in Europe and Asia. In addition, the proceeds of this financing will be used to fulfill orders for their i/o ANYWHERE modular data center technology from enterprise customers across the globe. i/o Data Centers is headquartered in Phoenix, Arizona. For more information, please visit www.iodatacenterse.com.
Sterling Partners is a leading private equity firm with over 25 years of experience partnering with entrepreneurs and CEOs to build market-leading businesses and generate superior returns. Sterling Partners is a leader in education, healthcare and business services with offices in Chicago, Baltimore, and Miami. For more information, please visit www.sterlingpartners.com.
J.P. Morgan Asset Management is the marketing name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. For more information, please visit www.jpmorgan.com.