SKAE Power Solutions strengthens JLL's data center technical
and project management service
CHICAGO, May 15, 2024
/PRNewswire/ -- As data center demand continues to surge, JLL
(NYSE: JLL) today announced it has reached an agreement to acquire
SKAE Power Solutions (SKAE), a New
York-based provider of data center technical and project
management services. This acquisition of SKAE enables JLL to
provide solutions across the full data center lifecycle and adds
significant technical depth to its existing offerings. The
transaction is expected to close shortly, subject to customary
closing conditions.
"As we help clients navigate evolving real estate needs driven
by the rise in data center demand, we welcome the SKAE team and are
excited to enhance our delivery of technical services for our
clients' critical assets," said Neil
Murray, CEO of Work Dynamics, JLL. "With the continued
growth of the global data center market, we're seeing increased
opportunity to deliver the specialized expertise required to manage
and maintain these assets. This acquisition immediately enhances
our ability to expertly support our clients' data center solutions
now, and into the future."
JLL's recent Global Data Center Outlook revealed how AI and
machine learning are prompting a fundamental shift in data center
design, site selection and investment approach. Over the next
five years, consumers and businesses will generate twice as much
data as all the data created over the past 10 years, prompting data
center storage capacity to grow from 10.1 zettabytes (ZB) in 2023
to an expected 21.0 ZB in 2027. SKAE's expertise in planning and
engineering, installation of critical infrastructure, testing,
facilities maintenance, and operations will enhance JLL's
ability to support clients with crucial data center site selection,
design, testing and commissioning, upgrades, and operations
management.
Since 1998, SKAE cofounders Peter
Skae and John McPartland and
their team have delivered technical data center needs across a
variety of industries including finance, healthcare, education, and
government. SKAE's 75 employees will join JLL Work Dynamics, led by
Peter Skae who will report to
Matt Landek, Americas Managing
Director for Data Centers. The acquisition will form JLL's
Technical Services division within the Data Center vertical and
operate as SKAE, a JLL company.
"SKAE will be key in scaling JLL's capacity to meet clients'
needs and accelerating our abilities in data center management,"
said Sanjay Rishi, Americas CEO of
Work Dynamics, JLL. "Combining SKAE's regional expertise and talent
with JLL's global, comprehensive suite of solutions will both
complement and expand our technical services capabilities."
"We were immediately drawn to the values upheld throughout JLL's
global organization, and how closely they reflect our principles at
SKAE – particularly JLL's safety-driven culture, and focus on
people, procedures, and policies," said Peter Skae, Principal, SKAE. "We are looking
forward to joining the organization to bring our data center
solutions expertise to JLL's clients."
Layer 7 Capital acted as a financial advisor to SKAE Power
Solutions in this transaction.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500® company with annual revenue
of $20.8 billion and operations in
over 80 countries around the world, our more than 108,000 employees
bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a
better world, we help our clients, people and communities SEE A
BRIGHTER WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated. For further
information, visit jll.com.
Contact: Jesse Tron
Phone: +1 914 424 0299
Email: jesse.tron@jll.com
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SOURCE JLL-IR