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Stonepeak Takes 29% Equity Stake in American Tower’s Data Center Business

Firms Team Up With $10.5 Billion Bet on High Demand for Cloud Computing
Stonepeak Partners is investing $2.5 billion into American Tower’s data center business that includes this facility in Santa Clara, California. (CoStar)
Stonepeak Partners is investing $2.5 billion into American Tower’s data center business that includes this facility in Santa Clara, California. (CoStar)

After acquiring CoreSite Realty for more than $10 billion at the end of 2021, Boston-based American Tower has brought a new partner into its data center business.

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