The Offer

Company Overview

Csquare, Inc. is a Coppell, Texas-based leading North American enterprise digital infrastructure platform providing carrier-neutral colocation and interconnection services that support the applications powering the modern economy. The company delivers mission-critical infrastructure to a diversified base of more than 1,700 enterprise, network, cloud, and technology customers through a geographically diverse portfolio of 64 data center sites across 21 major metropolitan markets in the United States, Canada, and the United Kingdom, delivering approximately 389 megawatts (MW) of Sellable Power Capacity and more than 36,600 interconnection products as of March 31, 2026. Given its presence in strategic urban locations, over 92% of the U.S. population is within two milliseconds of latency from one of its data centers. Csquare generates the majority of its revenue from recurring colocation and interconnection services under contractual arrangements ranging from one to seven years, with an average remaining contract term of approximately 33 months and Net Revenue Churn of less than 2% for the three months ended March 31, 2026. The company reported revenue of USD 987.0 million in fiscal 2025 and USD 270.5 million in the first quarter of 2026, representing 16% year-over-year growth, and is backed by Brookfield Corporation, which will beneficially own approximately 67.1% of the voting power of its outstanding common stock following the offering, positioning it to benefit from increasing enterprise outsourcing of data center infrastructure, growth in network-intensive and latency-sensitive applications, and rising AI inference workloads.

Past performance is not a reliable indicator of future performance.