Hivelocity Sells Chicago & Miami Colocation to Digital Realty

Hivelocity, a portfolio company of Valterra Partners and a leader in bare metal, enterprise cloud, virtual servers, and colocation services, has announced the strategic sale of its colocation business at two key facilities—350 E. Cermak Road in Chicago (ORD1) and 36 NE 2nd Street in Miami (MIA2)—to Digital Realty, the largest global provider of cloud and carrier-neutral data center solutions. This transaction allows Hivelocity to sharpen its focus on expanding its bare metal and enterprise cloud offerings while strengthening its existing partnership with Digital Realty, ensuring customers in these locations continue to receive high-quality, reliable support. Jeremy Pease, CEO of Hivelocity, emphasized that Digital Realty is ideally positioned to drive incremental value for customers, leveraging its expertise and existing ownership of the underlying facilities.

Digital Realty's acquisition enhances its service capabilities and colocation offerings in these strategic markets, integrating the facilities into its global PlatformDIGITAL® and MarketplacePORTAL platforms. Faramarz Mahdavi, VP of IT Infrastructure and Operations at Digital Realty, highlighted the commitment to a seamless transition and uninterrupted service for customers. The collaboration between Hivelocity and Digital Realty spans over ten global locations, combining Hivelocity's bare metal solutions with Digital Realty's extensive data center network to deliver agile hybrid solutions and support digital transformation initiatives. Kevin Reed, Managing Director at Valterra Partners, noted that the sale reflects a successful outcome for investors and underscores the value created through partnerships with industry leaders.

Hivelocity will continue to provide and grow colocation services at its core facilities while expanding its bare metal and cloud hosting services across the US and internationally. With over 21 years in business and a presence in over 50 locations across six continents, Hivelocity remains committed to its foundation of world-class network infrastructure, 24/7 U.S.-based customer service, and enterprise-grade security. This strategic move not only streamlines Hivelocity's operations but also reinforces its ability to meet evolving customer needs through enhanced collaboration with a global data center powerhouse.