Salute, a global leader in mission-critical data center solutions, has signed an agreement to acquire Keysource Group, a prominent UK-based provider of strategic advisory and services for data centers. This acquisition marks Salute’s first major move since its acquisition by New Mountain Capital in 2024.
The deal is scheduled to close in Q2 2025, pending regulatory approval. Although the terms of the agreement have not been disclosed, the acquisition will integrate Keysource’s team of 130 employees into Salute’s global workforce.
About Keysource: A Legacy of Data Center Expertise
Founded in 1982, Keysource has built a strong reputation in the data center industry, providing investment, design, sustainability, operations, and maintenance services. The company is well-regarded for its consultancy expertise, assisting clients in navigating complex data center challenges, from initial planning to ongoing operations.
Jon Healy, the EMEA president and group COO of Keysource, expressed excitement about the merger, emphasizing the shared vision between the two companies for sustainable, customer-centric growth. Healy highlighted the new opportunities that will arise for both customers and employees as part of the acquisition.
Salute’s Strategy: Enhancing EMEA Operations and AI-Driven Infrastructure
The acquisition is a strategic move for Salute as it seeks to expand its footprint in the European market and address the growing demand for AI-driven infrastructure. Salute’s CEO, Erich Sanchack, noted that while the company has a strong presence in the Americas, the integration of Keysource will significantly enhance its capabilities in the EMEA region.
Salute is focused on delivering scalable, sustainable advisory solutions to meet the needs of global data center customers. With expertise in areas such as technical design, build, and operations, Salute aims to help clients adapt to the rapid evolution of advanced technologies like AI and edge computing.
Salute’s Growing Portfolio: Recent Acquisitions
Founded in 2013, Salute has been rapidly expanding its service offerings and geographic reach. In recent years, the company has acquired several firms to bolster its capabilities, including:
- OBMG: An Irish engineering consultancy firm
- Iconicx Critical Solutions: A U.S.-based data center consultancy
- AMS Helix: A UK-based digital infrastructure solutions provider
These acquisitions align with Salute’s broader strategy to become a leader in data center operations and advisory services across multiple regions.
The Role of New Mountain Capital in Salute’s Growth
Salute’s acquisition of Keysource comes on the heels of New Mountain Capital’s purchase of a majority stake in the company. This strategic partnership is expected to fuel Salute’s growth and position it as a key player in the evolving data center industry. New Mountain Capital’s involvement has provided Salute with the resources needed to pursue its expansion and enhance its service offerings.
Looking Ahead: The Future of Data Centers and AI
The data center industry is undergoing rapid transformation, with AI and other advanced technologies driving the need for more agile, scalable infrastructure. Salute’s acquisition of Keysource positions it to better support clients navigating these changes, particularly in Europe. By combining its global expertise with Keysource’s specialized advisory services, Salute aims to deliver innovative solutions that meet the demands of modern data centers.
FAQ Section
1. What does the acquisition of Keysource mean for Salute?
Salute’s acquisition of Keysource strengthens its European operations and enhances its ability to offer AI-driven infrastructure solutions to global clients. The integration of Keysource’s expertise in data center design, sustainability, and operations will help Salute provide more comprehensive advisory services.
2. When will the Salute-Keysource deal close?
The deal is expected to close in Q2 2025, subject to regulatory approval.
3. What services does Keysource provide in the data center industry?
Keysource offers a range of services, including data center investment advisory, design, sustainability consulting, operations and maintenance services, and managed services.
4. How does Salute’s acquisition of Keysource impact its expansion in Europe?
The acquisition will significantly enhance Salute’s ability to serve customers in the EMEA region, addressing the rising demand for data center solutions driven by emerging technologies like AI.
5. How does Salute’s growth strategy align with industry trends?
Salute’s focus on AI-driven infrastructure and its expanding service portfolio position the company to meet the evolving needs of the data center industry, especially in the face of rapid technological change.
