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CHIEF STRATEGIC COMMERCIAL OFFICER
Jeffrey Springborn- CEO
January 2026
Andy Lane @ CFS Partners
M/T +1.414.807.4085
OPPORTUNITY
Headquartered in Santa Clara, Colovore is the world’s leading provider of ultra-high-density, low-latency, liquid-cooled colocation data center solutions purpose-built for AI and high-performance computing (HPC) workloads at the metro edge. With cabinet power densities ranging from 5 to 600kW+, a flexible pay-by-the-kW pricing model, and decades of data center operational expertise, Colovore enables organizations to future-proof their infrastructure with the lowest TCO and scale with confidence.
The Chief Strategic Commercial Officer (CSCO) will lead Colovore’s revenue acquisition strategy and resources, aligning capital and capacity development with leasing forecasts and targets. Colovore is an institutionally backed, nationally scaling platform for liquid-cooled, high-density data centers in metro markets across the U.S.
Affiliates of King Street Capital Management ($30B AUM) completed the purchase of Colovore in May 2024. Infrastructure veteran Jeffrey Springborn was appointed CEO in 2025 to lead the company’s national expansion. Since then, with both financial and intellectual capital backing, Colovore is scaling its operations into a multi-hundred-megawatt national platform with 200+MW online or under construction and a pipeline exceeding 500 MW. This growth is fueled by the market’s unprecedented demand for high-performance computing (HPC) infrastructure optimized for cutting-edge AI applications and inference workloads powered by Colovore’s flexible, modular, liquid-cooled design.
Founded over a decade ago with its first liquid cooled HPC data center, Colovore was the first data center certified for NVIDIA DGX and is uniquely positioned as the market transitions toward liquid-cooled, high-density solutions. By capitalizing on its modular design, Colovore can establish efficient facilities on smaller footprints in strategically critical locations at the “Metro Edge”—a fragmented market segment projected to grow over 100% in the next five years.
Colovore seeks a dynamic and accomplished executive revenue leader to drive market specific customer acquisition strategies into institutional behaviors resulting in sustained investor and board confidence. The ideal candidate is a seasoned technology infrastructure executive with experience scaling innovative organizations during pivotal growth phases, including geographic expansion, operational optimization, and value realization.
The CSCO will partner with Colovore’s CEO, Executive Leadership Team, and King Street to align vision and strategy with execution of a high-growth strategy that de-risks expansion and positions Colovore as the leader in Metro Edge data centers.
COMPANY OVERVIEW
Founded in 2013, Colovore provides high-density, liquid-cooled colocation services, optimized for high-performance compute (“HPC”) and AI. The Company’s owned and operational portfolio is in Santa Clara CA (12MW), Chicago IL (6MW), and Reno NV (16MW), with additional sites in diligence in Austin TX (40MW), Dallas (48 MW) and Chicago IL (48MW), among others.
Colovore’s initial data center in Santa Clara (SJC01) has over a decade of operating history with 100% uptime. Colovore is a pioneer in the use of liquid cooling technology which positions them several years ahead of any market competition. Colovore initially housed NVIDIA’s Saturn V leading them to be the first DGX certified data center. The Company currently has 40+ customers ranging across industries including GenAI, Industrial and Healthcare, and is managed by a 50+ person team.
Colovore’s unrivaled power and liquid cooling densities and a straight-forward pricing model sets them apart, but it’s their fundamental knowledge of IT and dedication to customer support and true partnership which really stand out in the HPC Metro Edge marketplace.
COLOVORE’S DISTINCT DIFFERENTIATION
– Colovore is recognized as a pioneer with over a decade of experience operating liquid-cooled, high-density colocation services in the technology intensive Silicon Valley market
– Colovore earned the distinction of being the world’s first NVIDIA DGX-certified data center and has been a trusted partner deploying enterprise-grade GPUs at scale
– Ability to support up to 600KW/rack with a PUE 20% better than the industry average
– Strong organic revenue and EBITDA growth, with ability to replicate and scale into additional urban markets with effective development and operational execution
– Leadership position in the rapidly growing and global AI and HPC infrastructure markets through its highlight scalable platform with an ability to serve the Metro Edge
– Durable liquid cooling infrastructure differentiates Colovore while the majority of existing data center inventory is air-cooled
COLOVORE DATA CENTERS
Built to Perform
From next-gen power densities and liquid cooling to hands-on expert support, Colovore offers a cutting-edge colocation experience designed to meet the demands of modern IT infrastructure with systems that ensure performance, efficiency, and scalability without compromise.
– High Density Cabinets – Use power as you need it. Pay 1 kW at a time for spacious racks, big power circuits, heavy floor loading capacity
– Scalable Liquid Cooling – Power, cooling capacity in every cabinet, liquid cooling, standard infrastructure and a comfortable environment
– Network Rich – High Speed direct access to Tier-1 carriers and peering exchanges. Blazing connectivity, carrier diversity, direct connects, and blended bandwidth
– Superior Track Record – We deliver 24/7, mission-critical services with no hiccups. You sleep well at night. 100% uptime, best-in-state utility
– White Glove Service – Superior, full range of smart-hands, simple billing, and a customer portal serving F500 companies, web giants and fast-growing startups for 10+ years
– Security & Compliance – Protected by physical and digital security measures to keep assets safe, 24/7. Dual factor authentication, IP DVR cameras, security guards, SOC & PCI compliant
Santa Clara, CA
https://www.colovore.com/data-center/data-center-1
– The first Santa Clara site was built in 2013
– 10-year operational track record of growth, best-in-class PUE of 1.1x, and 100% uptime
– Cooling densities of 35 – 250kW per cabinet via rear-door heat exchangers and direct-to-chip liquid cooling
Status Operational Critical Capacity – 4.8 MW
Land Size 1.7 acres Gross Building Size 24K sf
Santa Clara, CA
https://www.colovore.com/data-center/data-center-2
– Adjacent to SC1 and mirrors the design, with some infrastructure enhancements
– The Company expects the majority of SC2 to be pre-leased prior to delivery
Status Operational Critical Capacity 6 MW
Land Size 1.7 acres Gross Building Size 29K sf
Reno, NV
https://www.colovore.com/data-center/data-center-3
– 7-acre land parcel that sits within the Tahoe Reno Industrial Center (TRIC), a large industrial park 15 miles from Reno airport
– Adjacency to the Bay Area and cheap cost of power have garnered significant interest from new and existing tenants, who have submitted LOIs for 50% of total capacity at Reno
– Proximity to Google, Microsoft, and Tract’s new hyperscale data center campus developments
Status Pre Leased/ Construction Critical Capacity 16 MW
Land Size 7.7 acres Gross Building Size 75K sf
Delivery Q2 2026, Q4 2026
Aurora, IL
https://www.colovore.com/data-center/ord01
– 12 acre site with obsolete suburban office property, expected to be vacant over next 12 months, acquired off-market
– Access to 9MW of utility power without infrastructure upgrades or offsite improvements
– Adjacent to Databridge data center. 4 miles from CyrusOne’s data centers complex. Google Cloud and CME Group plan to build in Aurora
Status Pre Leased/ Construction Critical Capacity 6 MW
Land Size 12 acres Gross Building Size 35K sf
Delivery Q4 2026
Chicago, IL
– 6-acre land parcel in a manufacturing district with access to 16 MW of critical power. The City has been supportive of allowing data centers as a permitted use in the Manufacturing district
– Located 33 miles from the Chicago metro and 10 miles from CH1
– Colovore is under exclusivity and in due diligence through February
Status Preconstruction Critical Capacity 16 MW
Land Size 23 acres Gross Building Size 83k sf
Chicago, IL
Status Planning Critical Capacity 16 MW
Land Size 6.9 acres Gross Building Size 91k sf
Chicago, IL
Status Planning Critical Capacity 16 MW
Land Size 12 acres Gross Building Size 83k sf
Austin, TX
– 30-acre site situated within an industrial master planned development with access to 40 MW of critical power
– Located 28 miles (30 min drive) from Austin metro, 12 miles from the Samsung Austin Semiconductor, and 22 miles from Tesla Giga Texas. The site is a few miles away from Skybox’s PowerCampus Austin, a 600MW development fully leased to Google
– Colovore is under exclusivity and in due diligence through late January
Status Preconstruction Critical Capacity 40 MW
Land Size 30 acres Gross Building Size 193k sf
COMPANY NEWS
May 2025 – Colovore Taps Infrastructure Veteran Jeffrey Springborn as CEO
May 2025 – Colovore taps Blackstone for $925M debt facility
November 2024 – Colovore to develop liquid cooled data centers in Reno and Chicago
November 2024 – Colovore Opens Second 9MW High-Density, Liquid-Cooled Data Center in Santa Clara
September 2024 – Industry Veteran Joe Hegstrom Joins Colovore as Senior Vice President of Finance
May 2024 – King Street acquires majority interest in Colovore a leading liquid cooled AI data center-operator
CHAPTER/CHARTER
The highly efficient, liquid-cooled design allows building data centers in dense suburban/urban locations with just 10-50MW of power, a size deemed too small for most hyperscalers and large colocation platforms. Herein lies the investment thesis to scale a superior technological product and service package at a time when customer demand for clean energy, power, and HPC drivers couldn’t be higher.
The near-term high-level plan is to quickly scale into additional Tier One markets across the US. Colovore and KSCM are actively conducting due diligence to acquire sites with stranded, distribution-level power that exists on the grid, dramatically improving speed-to-market. Commercial real estate distress provides a broad universe of overlooked data center conversion opportunities (e.g., suburban office parks, manufacturing facilities). This removes costly and time-consuming infrastructure upgrades and utility approvals with no entitlement risk.
Apparent and compelling characteristics include:
– Compelling Efficiency. Leveraging liquid cooling in smaller footprints lowers capex
– Compelling Unit Economics. Colovore’s liquid cooling technology allows for higher power densities per rack resulting in more efficient EBITDA generation and higher margins.
– Attractive Development Target Returns. Colovore’s high density model drives favorable development profitability relative to traditional hyperscale and colocation.
– Highly Scalable and Repeatable. Colovore’s modular design utilizes the same liquid cooling system and critical infrastructure regardless of deployment size.
PROGRESSIVE DESIGN
Colovore’s distinct industry leading competitive advantage, by design –
PUE – Colovore has forged a clear path to sustainability. Colovore’s technology has a power usage effectiveness (PUE) ratio of 1.1-1.3x, compared to PUE of 1.5-1.8×3 in air cooled data centers, 20% better than the industry average
Closed Loop Water Cooling – Instead of constantly drawing water, Colovore utilizes a closed loop cooling system that minimizes water usage. Only small amounts of water are lost through evaporation. Initial water needs are sourced from local water supply. No “forever chemicals” are used in Colovore’s systems
Stranded Power – Colovore seeks to find underutilized sites with stranded power (e.g., vacant suburban office) and repurpose them into data centers. This strategy capitalizes on existing power capacity, eliminating the need for additional power infrastructure. Benefits local communities by repurposing vacant or underutilized real estate, which supports the tax base and creates jobs
Efficient Physical Footprint – Colovore’s highly efficient model requires less physical real estate compared to traditional air cooling, reducing impact on the built environment. SC1 operates out of 24K sf – 15% of nearby air-cooled facility with the same power capacity
LEADERSHIP TEAM
Launched Colovore in 2013 has been running colocation facilities and data centers for Silicon Valley web giants since the late 1990s
Learn More About the Colovore Team >> https://www.colovore.com/about-us/#management-team
BOARD OF DIRECTORS
FINANCIAL PARTNER
Founded in 1995, King Street Capital Management (KSCM) is a global investment platform across asset classes spanning public and private markets. As an established global alternatives firm with an institutional platform, KSCM focuses on identifying dislocations and applying fundamental research approaches, tactical trading capabilities and capital markets relationships to efficiently source, analyze and execute on investment opportunities.
For nearly three decades, this proven process has allowed King Street to unlock value across global markets. Their strong client relationships and deep understanding of how they can help meet objectives has led to long-standing and enduring partnerships. KSCM enters the data center market with a unique opportunities to leverage their extensive knowledge, experience, and resources –
Established Real Estate Platform
- Dedicated real estate professionals in the US and Europe
- $5B+ of committed capital to private real estate since 2010
- Deep industry relationships and Access
Integrated Global Investment Team
- 75+ person investment team
- Collaborative approach to investing across strategies, focused on best ideas
- Research analysts with extensive knowledge in tech and energy sectors provides differentiated perspective
Reach and Resources
- $26B global alternatives firm spanning multiple segments of the public and private markets
- Institutional infrastructure established over 29+ years
- 100% partner owned and fully aligned with investors
The collaborative structure, led by the Global Investment Committee, is designed to allow capital to flow efficiently to King Street’s best ideas and leverage the full breadth of their team’s capabilities. Their investment process seeks to identify situations where they believe to have a defined research, trading or sourcing edge and to help ensure speed of execution to efficiently deploy capital when a dislocation occurs.
KSCM’s discipline, agility and sophistication throughout the investment process speak to their mission to generate strong risk-adjusted results for clients throughout any market environment. They are all-weather investors. https://www.kingstreet.com/
CHIEF STRATEGIC COMMERCIAL OFFICER
The Chief Strategic Commercial Officer (CSCO) will author and execute Colovore’s long-term Commercial and Go-To-Market (GTM) strategy to achieve total revenue, MW leasing, and enterprise value creation objectives. This requires an accomplished digital infrastructure executive with a demonstrated history of aligning revenue strategy, capital deployment, and development sequencing to deliver complex hyperscale, AI-native, and large enterprise capacity requirements.
The CSCO will institutionalize a disciplined, strategy-first commercial engine that ensures leasing velocity, customer composition, and market sequencing directly support capital formation and long-term asset value creation. As a core member of the Executive Leadership Team, this leader will help shape Colovore into the defining Metro Edge AI infrastructure platform in the United States.
Colovore’s entrepreneurial, capital-intensive environment requires a strategic servant leader who can inspire high-performance teams while simultaneously operating at the board, investor, and enterprise customer level.
DUTIES & RESPONSIBILITIES
Commercial Strategy and Market Leadership
– Define and continuously refine Colovore’s national Go-To-Market strategy.
– Identify priority verticals, customer profiles, and geographic markets where Colovore’s high-density, liquid-cooled platform is structurally advantaged.
– Shape disciplined market sequencing aligned with power availability, development pacing, and capital deployment.
– Establish criteria for prioritizing strategic, investment-grade customers with multi-site and multi-phase expansion potential.
– Maintain an informed view of AI infrastructure demand, competitive dynamics, and emerging technology trends.
– Guide evolution of product positioning, pricing governance, and ecosystem partnerships to sustain long-term differentiation.
Strategic Revenue & Deal Architect
– Own revenue performance, MW leasing targets, and pipeline durability.
– Serve as Colovore’s senior commercial representative in executive-level customer engagements.
– Engage early — before formal procurement — to shape complex opportunities and position Colovore as a long-term infrastructure partner.
– Architect strategic deals upfront, defining scope, structure, duration, expansion logic, and risk alignment.
– Ensure commercial commitments align with power availability, development sequencing, operational reality, and financing timelines.
– Institutionalize disciplined forecasting, reporting, and KPI frameworks suitable for executive and investor communication.
Enterprise Value & Organizational Leadership
– Align commercial strategy with capital formation, development prioritization, and long-term enterprise value creation.
– Partner with the CEO in representing commercial posture, customer mix, and pipeline outlook to the Board and investor ownership.
– Lead and integrate the commercial organization, including Channels, Technical Sales Engineering, and Customer Value & Growth.
– Establish clear decision frameworks and a unitability so execution follows strategy.
– Recruit, develop, and inspire a high-performance commercial team capable of scaling nationally.
– Promote Colovore as a thought leader in Metro Edge AI infrastructure.
KEY QUALIFYING CRITERIA
The CSCO will be an accomplished revenue acquisition-oriented executive with demonstrated success authoring and executing go-to-to-market (GTM) strategies for innovative solutions. He/She will be a talent magnet to the organization by virtue of their sophisticated “chess not checkers” approach to the art of the deal.
Go To Market (GTM) – History of authoring successful GTM plans for innovative technology solutions across multiple geographic markets with diverse target customer demographics.
Innovation – Experience bringing bleeding edge, next generation technology solutions to the data center market via direct and indirect channels.
Strategy – Demonstrated history of influencing strategy, vision, and execution which positively impacted the value creation dial and positively altered the company’s success trajectory.
Revenue – History of performance achieving / exceeding revenue and MW targets in diverse environments requiring an empowered and aligned team to achieve.
Leadership – Successful history of and a passion for hiring and inspiring high performing, geographically dispersed revenue acquisition teams to success.
Customers – Extent of history and immersion working in partnerships to achieve complex solutions with Colovore’s diverse customer base. Proven reliable and credible across the market.
Culture – Preexisting alignment with Colovore’s growth verve, scale interests, and mission to provide a next generation solution to the market at the right time.
WHY CONSIDER THIS OPPORTUNITY WITH COLOVORE?
Build. Colovore is a first-of-its-kind, ambitious, and precedent-setting national platform driving disruptive technology growth and leading the industry in high-performance computing (HPC) capacity and performance.
Product. Colovore’s truly differentiated HPC product with a high-density deployment reduces costs and improves unit economics for both Colovore and customers, which equates to strong ROI.
Legacy. Colovore is the incumbent in liquid-cooled, ultra-high-density data centers, with 13+ years operating AI clusters at scale, with a track record of 100% uptime.
Supply. Secured near-term expansion with stranded power in supply-constrained markets to include Santa Clara, Chicago, Austin, and Reno and longer term in 5 additional markets.
Scalability.– Colovore’s critical infrastructure build is optimized to repeat and scale while utilizing stranded power and underutilized real estate in urban environments.
Futureproof. Built to support today’s AI clusters and seamlessly scale as workloads grow—no switching data centers or rebuilding.
Demand. Colovore’s existing AI customer demand in existing and planned facilities dramatically de-risks growth prospects, before adding the prospect of expansion to enterprise.
Pipeline. By virtue of access to King Street’s real estate due diligence resources, Colovore has a pipeline of 1GW+ capacity across the US in owned, controlled, and in diligence assets.
Purpose. Colovore leads clean energy transition initiatives via PUE, utilization of closed-loop water cooling, use of stranded power, and more efficient use of smaller physical footprints.
Partner. Trusted and engaged partnership with KSCM’s experienced executives to manage investments, acquisitions, and integration growth resulting in increased future value.
COMPENSATION
The compensation package for the Chief Strategic Commercial Officer will include a highly competitive earnings opportunity comprised of a base salary, annual performance bonus, and long-term incentive compensation in the form of equity related to value creation. Redacted CIM and related equity value forecast at target discussions with Jeff Springborn & KSCM anticipated with finalist candidates.
SEARCH PROCESS
Following a thorough exchange of information relating to company information, resume, and key qualifying criteria, CFS Partners anticipates recommending a short list of candidates to Jeff Springborn and Sharin Valia in April 2026. Finalists will be introduced to Colovore’s executive leadership and Board of Directors. Subsequent in-person meetings and tour in Santa Clara facilities expected. The selected finalist will be presented with a compelling offer contingent on clean reference, non-compete, and background checks.