AMP Capital has agreed to acquire Expedient (Continental Broadband, LLC), a leading US provider of cloud computing and data center services, from Landmark Media Enterprises, LLC.

Expedient offers an integrated suite of colocation, cloud, managed services and network access products to a highly diverse base of over 1,200 customers. The business operates 11 self-directed data center facilities and leverages a half dozen partner facilities in order to provide critical outsourced information technology solutions to a range of businesses and industries across the US from its eight operational locations in Baltimore, Boston, Cleveland, Columbus, Indianapolis, Memphis, Phoenix and Pittsburgh.

Expedient’s data centers and cloud computing platforms act as one functional asset with a unified delivery and service capability. The current data center footprint consists of approximately 160k square feet of space and 12.4MW of power. It provides comprehensive, value-enhancing hybrid solutions supported by continuous product innovation.

The investment is made on behalf of investors in AMP Capital’s global infrastructure equity strategy. Subject to customary closing conditions, the transaction is expected to close in Q4 2019.

The Bank Street Group served as financial advisors to AMP Capital, and Evercore served as financial advisors to Landmark.