Lincoln Rackhouse And Ascent Data Centers Join Forces

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Lincoln Rackhouse And Ascent Data Centers Join
Forces
1888PressRelease -Dallas Based Data Center
Investment Firm Acquires Majority Interest in
Data Center Design, Engineering and Facilities
Management Group. ST. LOUIS, Mo. and DALLAS, Tx.
Ascent Partners with Lincoln Rackhouse to
Expand Data Center Management Platform. Ascent,
a leading provider of customer-driven solutions
in the design, engineering, construction and
operations of data centers and critical
facilities, and Lincoln Rackhouse, the data
center division of Lincoln Property Company,
announced today the combination of data center
facilities management operations to create a
full-service, best-in-class platform focused on
meeting the complex requirements and escalating
demands of enterprise and hyperscale users. The
strategic partnership, which will operate as
Ascent, underscores a mutual commitment to
working with clients to provide powerful,
flexible and customized solutions across the full
lifecycle of a data center facility. Ascents
services, which include data center operations
and maintenance management, design, construction
management and consulting and engineering,
empower customers to reduce risk, optimize spend
and gain more control over their data center
environments. Lincoln Rackhouses data center
acquisition, development and project management
activities will accelerate Ascents growth.
Lincoln Rackhouse currently owns a portfolio of
data centers, managing more than two million
square feet of mission critical space across the
U.S. and in London, England. Lincoln Rackhouse
will continue to acquire and develop enterprise
data center facilities and lease them to data
center operators to accommodate the enterprise
shift in demand for data center space and further
expand its footprint. Each such acquisition and
development will benefit from the expertise of
Ascent. Partnering with Lincoln Rackhouse will
be transformative for Ascents current and future
customers, said Bob Painter, President of
Ascent. The combination will allow us to
continue providing and growing our
industry-leading solutions and services offering
and to accelerate our development and deployment
of innovative technologies. This is the first
step in our next decade of strategic growth,
market leadership and best-in-class customer
service.
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Martin Peck, who oversees the Lincoln Rackhouse
business, will partner with Mr. Painter and the
Ascent management team to merge these facility
management platforms and grow the combined
operation. As new technologies and bandwidth
requirements drive the evolution and growth of
the data center industry, companies are
increasing the outsourcing of their data center
operations and monitoring to third-party
operators that specialize in those operations,
stated Mr. Peck. Ascent has top-shelf platforms
and processes, but it is Ascents talented
employees that make this partnership so special.
We are honored to contribute to the growth of the
go-forward company. An affiliate of Stone Point
Capital LLC, an investment firm focused on the
global financial services and related industries,
has partnered with the Lincoln Rackhouse team,
Ascent Founder Phil Horstmann, Mr. Painter and
other members of Ascents senior management team
to provide the combined company with growth
capital. Ascent has established a history of
improving critical facility reliability, finding
customer cost-savings and implementing
value-added strategies for its clients
operations. With a strong reputation for data
center reliability, Ascent has served leading
companies in the information technology, finance,
insurance, health care, telecommunications and
other industries. Ascents proprietary Navigator
Platform is a facility-focused approach to
managing critical systems equipment inventory,
maintenance management and performance metrics.
The platform serves more than 800 critical
facilities located throughout the United States
and Canada, delivering 24x7 operations support,
critical site services and IT site
services. Since Ascents inception in 1998, we
have grown by expanding our strategic offerings
in order to serve our clients. In partnering with
a powerhouse real estate company like Lincoln and
with capital and strategic support from Stone
Point Capital, we are able to further advance our
solutions and services offerings. This will
provide expansion into enterprise, hyperscale and
new development opportunities for the longevity
of the business, commented Mr. Horstmann. About
Ascent Ascent is a leading provider of
customer-driven solutions in the design,
engineering, construction and operations of data
centers and critical facilities, partnering with
customers to solve technical, operational and
financial challenges of running these facilities
critical to customers businesses. Founded in
1998, Ascent provides full life cycle support
from the design and development of new, expanded
or upgraded facilities to daily monitoring and
maintenance management, backed by our 24x7
operations support.
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Ascent is a one-stop-shop for all critical
infrastructure needs, and works hand-in-hand with
customers to provide flexible, scalable, secure
and highly available solutions to ensure their
individual needs are met. For more information,
please visit www.ascent corp.com. About Lincoln
Rackhouse Lincoln Rackhouse is the data center
division of Lincoln Property Company and focuses
on helping organizations of all sizes locate,
analyze and secure data center space to lease or
own. Dallas-based Lincoln Property Co. has earned
its reputation as effective, professional
managers of residential and commercial properties
with more than 50 years of experience in
building, owning and managing one of the largest
commercial real estate portfolios in the United
States. With 20 years of experience sourcing
mission critical data centers, Lincoln Rackhouse
offers unparalleled market and industry knowledge
with an unbiased approach in fulfilling
technology requirements. For more information,
please visit www.rackhouse.com. About Stone
Point Capital LLC Stone Point is an investment
firm based in Greenwich, CT, with approximately
30 billion of assets under management. Stone
Point targets investments in companies in the
global financial services industry and related
sectors. The firm invests in a number of
alternative asset classes, including private
equity through its flagship Trident Funds. Stone
Point also manages both liquid and private credit
funds and managed accounts. In addition, Stone
Point Capital Markets supports our firm,
portfolio companies and other clients by
providing dedicated financing solutions. For more
information, please visit www.stonepoint.com.