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CHIEF EXECUTIVE OFFICER – DATA CENTER PLATFORM DEVELOPMENT NEWCO

Andrew Crouch – Managing Director

January 2025

https://isquaredcapital.com/

Andy Lane @ CFS Partners

M +414 807 4085
andy@criticalfacility.com

NEWCO

 

Note: This Newco is yet to be named. The new CEO will work in collaboration with I Squared to develop the name, brand, culture, and marketing strategy. The Newco Leadership Team will translate their success developing an initial cornerstone campus in College Station TX across 5+ additional campuses in North America.

I SQUARED CAPITAL ADVISORS

 

I Squared Capital Advisors (US) LLC (ISQ) is a global infrastructure investment management firm that specializes in the energy, utilities, telecom, and transport sectors. Founded in 2012 with $40B+ AUM, ISQ focuses on investing in North America, Europe, Asia, and Latin America. They use local intelligence and global insights to invest in a more sustainable future, foster smarter businesses, and serve local communities. Their investments cover a wide range of sectors, including: Energy infrastructure, Utilities, Transport and Logistics, Digital infrastructure, Social infrastructure, and Environmental infrastructure. The firm is headquartered in Miami and has more than 280 professionals across its offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney, and Taipei.

ISQ OVERVIEW

ISQ has invested in a diverse global portfolio of 89 companies operating across 70+ countries since its inception, providing essential services to millions of people around the world. ISQ focuses on global infrastructure-related investments building diverse portfolios across regions, industry sectors, and capital structures.

 

STRATEGIES

Helping Drive Value Creation & Sustainable Growth. ISQ focuses on global infrastructure-related investments building diverse portfolios across regions, industry sectors, and the capital structure. A distinct blend of mid-market experience and innovative approach to building investment platforms sets ISQ apart in the competitive landscape –

– Mid-Market Experience – ISQ focuses on acquiring and consolidating mid-market companies. Our approach fosters collaboration and shared growth objectives, with the aim of substantial value creation.

– Platform Approach – ISQ is known for developing investment platforms in infrastructure that start small and grow big. We have developed platforms across regions and industry sectors working closely with management to bring global best practices and processes to create value.

 

ISQ focuses on 6 key industry sectors across an integrated investment platform –

– Energy – From harnessing nature’s power in renewables to integrating innovative technology, ISQ is helping to drive progress across every fact of the energy sector.

– Utilities – As cities embrace new technologies, ISQ is at the forefront of revolutionizing how electricity is harvested and distributed.

– Transport & Logistics – With population growth comes the need for more advance and sustainable transportation. ISQ is reimagining how to move goods and people safer, smarter, and more efficiently.

– Digital – ISQ invests in increasing access to information and communications technology, with a focus on providing affordable internet access in the least developed countries.

– Environmental – ISQ’s efforts turn waste into valuable resources by building infrastructure in wastewater and waste processing capacity.

– Social – ISQ invests in supporting essential services, like healthcare facilities, that improve quality of life and societal well-being.

GLOBAL DATA CENTER CAPABILITIES

ISQ is a seasoned investor and operator in the datacenter sector, with 3 existing platforms in Latin America, Asia and Europe. Importantly, ISQ does not own a data center platform in the U.S. despite global expertise in the sector. ISQ views the initial TX project as a strategic entry point to establish a strong presence in the U.S. market fueled by ample capital to facilitate the Platform’s growth. Highlights include –

– Platform-focused approach to investing in datacenters, with significant experience in greenfield construction
– Value creation opportunities via ISQ’s ancillary supporting portfolio companies (Priority Power, RPower, Aggreko) to accelerate speed-to-market and critical power needs
– Strong interest in establishing a datacenter platform in North America, with preference for a greenfield model to optimize value creation
– Deep bench of operating partners and investment professionals to support maximizing business potential
– Large pool of available capital to support expansion to other attractive DC markets

– BDxbdxworld.com

    • Established as an APAC focused data center platform in 2018-19, now a leading data center, colocation, and hybrid cloud solutions provider in Asia Pacific
    • Built platform from scratch (5 members) to now 300+ employees across 6 countries
    • 18 data centers across China, Taiwan, Hong Kong, Singapore and Indonesia
    • CEO – Mayank Srivastava, Singapore – LinkedIn

– Kio Networkskio.tech/en/

    • Leading data center operator and DI service provider in Mexico, with a strong regional presence in Central America and the Caribbean through an extensive network of 11 core data center campuses and 11 EDGE facilities
    • Two decades of providing carrier neutral colocation services resulted in a rich ecosystem of customers and among the largest interconnection franchises in Mexico
    • CEO – Octavio Camarena, Mexico City – LinkedIn

– nLightennlighten.eu/en/

    • European edge datacenter (DC) platform, formed through the carve-out and acquisition of 9 network colocation facilities and 1 retail colocation DC from EXA in Germany.
    • nLighten has expanded into the UK and France through recent bolt-ons
    • The further carve-out of EXA’s existing retail DCs in Europe, has allowed nLighten to also enter new regions in Benelux, the Netherlands, Switzerland and Spain
    • CEO – Harro Beusker, The Hague, Netherlands – LinkedIn

LEADERSHIP TEAM

ANDREW CROUCH 

Managing Director

SAM SIXT

Vice President

LinkedIn Profile

JONATHAN DE PENA

Senior Associate

LinkedIn Profile

DYLAN POYNTER

Private Equity Associate

LinkedIn Profile

MISSION

ISQ seeks to harness the collective effort of their global reach with local knowledge to deliver innovative and practical solutions that drive results and shape our future, meeting today’s challenges for a better tomorrow.  They don’t just invest; they transform, striving relentlessly to solve complex challenges, create value, and inspire trust.

THEIR MISSION IS CLEAR: to constantly redefine the investment landscape by harnessing the power of their culturally diverse team to foster an environment where every idea is valued, every detail matters, and every team member contributes to their success. ISQ is committed to building transformational infrastructure that stands the test of time, an ambition that the next generation will inherit more sustainable infrastructure built with care and foresight.

CULTURE

ISQ’s global workforce of over 280 dedicated professionals is driven by a passion for enhancing essential infrastructure assets that will lead to a higher quality of life for all. Our team members thrive on motivating each other to reach new heights while providing a supportive network that empowers everyone to succeed.  They value entrepreneurial capabilities but also encourage collaboration because they work in an environment where input from every team member contributes to the firm’s success.  They take a deeply analytical approach to investing and have a carefully curated risk management framework. One of their risk management tools includes a “double underwrite” methodology, where an entirely separate team reviews a deal teams’ analysis and proposal.  They have a global network of nine offices, but also value local insights that offer operational, technical, and regulatory insights that give them an advantage.

AWARDS

ISQ has been recognized for its infrastructure investments from various publications around the world, including the below from the 2023 Infrastructure Investor Awards.

– Emerging markets awards of the year – 13 awards
– Deal and sector awards of the year – 10+ awards
– Fund manager of the year – 7 awards
– Fundraising of the year or decade – 4 awards
– Global personality of the year or decade – 4 awards
– Rising stars – 1 award

NEWCO OPPORTUNITY

I Squared Capital (“ISQ”) has initiated the establishment of a scaled, multi-campus data center platform launched with an initial shovel-ready data center development project in Texas. This initial development has secured over 200 MWs of initial grid capacity combined with in-hand land rights. Expected initial COD in Q4 2026. ISQ has access to over $2.2B in capital to complete the initial campus buildout with access to significant additional capital to further develop across the US.

Initial project highlights include –

– 225 MWs of immediately available capacity with completed ring bus switching station
– Secured power interconnection
– 23MW of additional capacity to consider for future development
– Highly competitive power pricing with green power buildout opportunity
– Valuable strategic partnership with flagship research university offers competitive advantages for timing, access, and decision making.
– Resource-rich site capable of delivering multiple strategic and flexible solutions
– Backed by a well-capitalized and highly sophisticated sponsor with data center development and operating experience
– Portfolio company partnerships providing valuable efficiencies and insights on power generation, utility, and renewables development initiatives

CHIEF EXECUTIVE OFFICER

The Chief Executive Officer (CEO) will work in close partnership to achieve ISQ’s vision to develop a national data center platform to meet hyperscale and AI/ML capacity requirements. He/She will formulate this newco’s identity, author the growth strategy, and lead the execution required to manifest ISQ’s vision of dramatic value creation.

ISQ is already in vary stages of due diligence and ownership on multiple mega campus sites across North America fueled by relationships developed via existing portfolio companies which serves to de-risk continued capital raise and commitments to supply chain and service partnerships. ISQ’s campus development thesis hits the market at precisely the same time as new orders of magnitude of data center capacity are required to meet a new era of IT infrastructure architecture demands to include AI, Machine Learning, IoT, and Metaverse on top of historical internet infrastructure demands.

From this vision the CEO will develop and implement the appropriate delivery methodology to achieve target leasing, revenue, asset and campus optimization, and profit goals. The CEO will prepare monthly reports measured against plans and adjust based on the on-going needs of the business. The CEO will be responsible for supporting the business with the right talent and will strategize and participate with the management team in the areas of sales, operations, customer relations, industry partnerships, supplier relations, and specific challenges in the day-to-day business.

This CEO will be a durable and credible executive with leadership characteristics with positive inertia to instill a vision, empower a culture, and continue ISQ’s commercial momentum in the market from both a sales and financing standpoint. We are looking for an exceptional executive leader with a track record of leading the commercialization of a purpose driven platform to deliver next generation solutions that solve increasingly broad and complex capacity development demands.

 More specifically, the CEO will:

– Successfully execute the business plan through alignment with investors and senior management.
– Identify and capture emerging market opportunities that leverage current approaches, capabilities, and expertise that enhance the company’s value.
– Provide overall leadership, acumen, action and working environment necessary to build a world-class enterprise which provides true customer value and market adoption.
– Clearly articulate ISQ’s unique go-to-market strategy and competitive advantage with customers and investors to ensure appropriate valuations.
– Establish realistic annual performance goals for the business as a whole and each of the contributing functional executive parts.
– Work in close cooperation with the commercial team to determine the most progressive and appropriate message to the vast segments of the market ISQ collaborates with.
– Capital planning, financial analysis, and business performance variance reporting to the board on a frequent basis.
– Manage profitability and operating expenses within budget and reports monthly, quarterly, and yearly variances.
– Continuously position the company for maximum valuation contingent on the digital infrastructure capital market conditions in preparation for opportunistic event conditions.
– Identify, evaluate, and establish strong relationships with the capital market, partnerships, resources, and alliances necessary to succeed in current and future geographic markets.
– Develop and support the company’s value chain integrated strategy that supports the company’s growth strategy.
– Recruit, train, develop, coach, mentor, manage and promote high performing and contributing talent across the organization.
– Participate in major customer proposals and presentations.
– Act as a key strategist to company sales and marketing to formulate strategies and programs, identify resources, and resolve crisis situations effectively.
– Conduct regular communications with the management, sales, operations, and technical team to ensure empowerment and alignment of the company to ISQ’s core focus.
– Continuously advocate ISQ’s core value proposition across the digital infrastructure market for sustainable and progressive clean data center development solutions.

 

KEY QUALIFYING CRITERIA

Event – Demonstrated value creation with a progressive, formative growth stage, capital intensive, sponsor backed development organization resulting in a liquidity event.

Infrastructure Development – History of digital infrastructure asset growth – data centers, fiber, renewables, industrial, or other, closely related to include clean energy, network, and power.

Builder – Demonstrated success manifesting a vision, creating a strategy, and managing the execution of geographically dispersed assets, people, process, products, systems, and cultures.

Performance – History of collaboration, organization, delegation, empowerment, and alignment of purpose and vision for an organization to perform at or above value creation targets.

Commercialization – A strategic partner to the CCO ensuring leasing performance relative to target via market position, ecosystem relationships, and appropriate resource allocation.

Customer Experience – Success driving and maintaining revenue growth and retention via close attention to diverse customer requirements and positive outcome orientation.

Entrepreneur – A creative, respected, and humble thought leader who listens first and remains eager to run lean, test, empower, delegate, explore, fail fast, and innovate progressively.

Culture – A passionate, high integrity servant leader and culture creator with the gravitas necessary to align a formative growth stage organization’s core business purpose and focus.

Leadership – History of inspiring high performing talent toward transformative business successes, including, at times making unpopular decisions in the company’s best interests.

 

WHY CONSIDER THIS OPPORTUNITY?

Precedent – ISQ brings together unparalleled in-house financial and intellectual capital resources following precedent setting successful growth ventures and transactions with BDx, nLighten, KIO Networks, Priority Power, RPower, and Aggreko.

Financial Strength – ISQ is a global, award winning, investor and developer of progressive innovations across the digital infrastructure ecosystem in diverse cultural, geopolitical, and social environments around the world.

Impact – ISQ’s charter is to build and grow towards ultimate value creation from day one. The CEO is directly accountable for visibility to ISQ’s investment, development, and operational approaches and how those translate to create maximum value.

Progressive – ISQ’s unique portfolio of resources, timely business model, and progressive value proposition are further ahead in meeting hyperscale market demands for clean capacity development than the rest of the market.

Creativity – ISQ offers the opportunity to sit at the leading edge of multiple digital infrastructure market sectors colliding which requires innovative approaches to achieve progressive outcomes that benefit the whole ecosystem.

Culture – ISQ is a mission-focused, ambitious, and collegial organization working in the construct of an ethical and purpose driven fund supporting a portfolio of technologically progressive and innovative digital infrastructure partner companies.

 

COMPENSATION & BENEFITS

ISQ is offering a competitive base salary, annual performance bonus equal to 100% of base, participation in a long-term incentive plan tied to ISQ’s return and invested capital delivered through the growth and financial success of the platform, and a comprehensive benefits package.

 

SEARCH PROCESS

Following a thorough exchange of information including increasing disclosures on ISQ, CV, and Key Qualifying Criteria, CFS Partners anticipates recommending a short list of candidates in January, 2025. Initial meetings with Andrew Crouch and Sam Sixt will result in a short list of finalists to meet with the team in person in Miami. Select finalists will have the opportunity to speak with the CEO’s of ISQ’s 3 data center portfolio companies. The selected finalist will be presented with a compelling and competitive offer contingent on background check and positive references.

For additional information or to schedule a time to connect, contact Andy Lane, Managing Partner at andy@criticalfacility.com.