After months of speculation, data center developer Compass Datacenters has a new owner.
Brookfield Infrastructure Partners and the Ontario Teachers’ Pension Plan, an existing investor in Compass, are jointly acquiring the hyperscale campus specialist from RedBird Capital Partners and the Azrieli Group, the companies announced Tuesday.
Expected to close by the end of the year, the deal follows reports of a bidding war for the Dallas-based data center firm between Brookfield and digital infrastructure fund DigitalBridge, with Compass valued at over $5.5B. 
“The industry is at a critical inflection point today with AI and cloud demand continuing to fuel significant growth,” Compass CEO Chris Crosby…