Global investment management firm AMP Capital, which is headquartered in Australia, has agreed to acquire Expedient from its current parent, Landmark Media Enterprises LLC. The new investment sponsor should help the Pittsburgh cloud computing and data center infrastructure as a service provider continue to grow and expand its data center and enterprise cloud platforms.
The announcement comes just days after Expedient released news of its Western Expansion, with the deployment of a new, already in production Enterprise Cloud point of delivery platform in Phoenix. Expedient had previously been focused primarily in the Northeast and Central U.S., with its 11 fully managed data center locations, complemented by several other strategically located partner facilities.
“Landmark has been a valued investment sponsor for the last 14 years. AMP Capital has a long-term point of view about the business, very similar to Landmark’s,” Expedient CEO Shawn McGorry said, in a statement. “With access to additional capital sources and flexible financing, we stand ready to accelerate the expansion of Expedient Enterprise Cloud solutions to new markets and to offer our loyal clients an even more robust suite of infrastructure as a service solutions.”
No operational changes are planned as part of the transaction. The senior management team of Expedient will continue in their current capacities. Clients, vendors, partners and other stakeholders, will notice no material changes in their relationships with the company.
The transaction is subject to customary closing conditions and is expected to close before the end of 2019. Landmark is working to ensure that the ongoing operations and new business ventures continue uninterrupted in the interim.