Stonepeak buys 29% of American Tower’s US datacentre business for USD2.5bn

12 Jul 2022

Alternative investment firm Stonepeak has agreed to acquire an ownership of approximately 29% in American Tower Corporation’s US datacentre business as part of a new long-term strategic partnership. The transaction is valued at USD2.5 billion. Pursuant to the partnership agreement, American Tower will retain managerial and operational control, as well as day-to-day oversight of its US datacentre business, while Stonepeak will obtain certain governance rights. The portfolio included in the transaction comprises 27 datacentres in ten US markets.

United States, American Tower Corporation (ATC), Stonepeak Infrastructure Partners