Date Closed

October 3, 2023

Lead Office

Toronto

On October 3, 2023, Brookfield Infrastructure Partners L.P. (“BIP”) and existing investor, Ontario Teachers’ Pension Plan ("OTTP"), acquired Compass Datacenters, LLC (“Compass”) from RedBird Capital Partners and the Azrieli Group.

BIP is a global infrastructure company that owns and operates high quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. BIP is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. BIP is the flagship listed infrastructure company of Brookfield Asset Management Inc., a global alternative asset manager with approximately C$800 billion of assets under management.

Compass, headquartered in Texas, United States, designs and constructs data centers for some of the world’s largest hyperscalers and cloud providers on campuses across the globe.

McCarthy Tétrault advised Brookfield Infrastructure Partners with a team led by Jonathan See that included Alykhan Rahim (Business), Oliver Borgers and Erin Keogh (Competition).