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.