DigitalBridge and La Caisse have announced the successful completion of the acquisition of hyperscale data center company Yondr from Cathexis Holdings.
This strategic investment positions ing Yondr to accelerate its expansion in strategic markets and meet the surging demand for hyperscale and AI-driven data center solutions. La Caisse is investing alongside DigitalBridge-managed investment vehicles and has assumed joint control of Yondr.
In connection with the completion of the acquisition, Aaron Wangenheim has been appointed as Chief Executive Officer, and Sandip Mahajan as Chief Financial Officer, effective immediately.
Yondr develops and operates data centers to address the complex data center capacity demands of the world’s largest technology companies. As demand for advanced data processing capabilities expands, Yondr has more than 420MW of capacity committed to hyperscalers and significant additional land to support a total potential capacity of over 1GW. The company is well-positioned to capitalize on the growing demand for advanced data processing capabilities driven by ongoing digital transformation, the expansion of cloud solutions, and the rise of AI.
“With a diverse global portfolio of campuses, Yondr further strengthens DigitalBridge’s world-class data center portfolio and reinforces our focus on being a global partner to the leading hyperscale, technology, and AI companies that are driving the digital economy,” Jon Mauck, Senior Managing Director and Head of Data Centers at DigitalBridge.
“We look forward to working alongside Aaron and Sandip, who bring extensive leadership experience, as we support Yondr’s strategy of developing and operating scaled capacity to meet the demands of AI and cloud computing. We are also very pleased to partner again with La Caisse, who shares our partnership-oriented approach to long-term value creation.”
DigitalBridge and La Caisse have a longstanding track record of partnership in the digital infrastructure sector. In 2019, La Caisse acquired a 30% stake in Vertical Bridge, the largest private owner and operator of communications infrastructure in the United States and a DigitalBridge portfolio company. In 2024, DigitalBridge and La Caisse supported Vertical Bridge’s $3.3 billion tower transaction with Verizon, further solidifying their collaborative efforts to expand capabilities across the digital infrastructure ecosystem.
“I am proud to have supported Yondr on its journey since its formation in 2018. Yondr has become a vital infrastructure partner to many of the world’s largest technology companies, and I believe DigitalBridge and La Caisse are the right partners to support Yondr through its next stage of growth. I look forward to seeing what the business will achieve,” said William Harrison, CEO of Cathexis.
Wangenheim brings over two decades of data center leadership and extensive experience overseeing the development and operations of data center campuses around the world. He spent over a decade at T5 Data Centers in roles of increasing responsibility, including eight years as Chief Operating Officer. Most recently, he served as an advisor and developer of customized data center solutions, where he worked with numerous investors evaluating both the property and operating aspects of the evolving data center industry. In his new role, Wangenheim will lead Yondr’s next phase of growth, as the company continues to meet the growing demands of hyperscalers.
“Yondr has an impressive track record as a leading developer, owner, and operator of hyperscale data centers, and I’m excited to be joining the company as Chief Executive Officer at such a pivotal time for the business and the industry,” said Mr. Wangenheim. “I look forward to leading Yondr through its next phase of growth with the backing of two world-class investors that appreciate the critical role we play in supporting our clients.”
Mr. Wangenheim succeeds Paul Cossell, who is retiring from the Chief Executive Officer role after two and a half years at Yondr and a nearly three-decade career in the construction and infrastructure industry.
