Sunday, June 23, 2024
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JLL, a leading real estate services firm, has announced its agreement to acquire SKAE Power Solutions (SKAE), a New York-based provider of data center technical and project management services. This acquisition allows JLL to expand its solutions across the entire data center lifecycle and enhances its technical capabilities. The transaction is expected to finalize soon, pending customary closing conditions.

Neil Murray, CEO of Work Dynamics at JLL, expressed enthusiasm about the acquisition, stating, “As we assist clients in navigating evolving real estate needs driven by increasing data center demand, we are pleased to welcome the SKAE team. This strategic move strengthens our ability to provide technical services for our clients’ critical assets.” Murray highlighted the growing global data center market and the opportunity it presents for specialized expertise in managing and maintaining these assets.

JLL’s recent Global Data Center Outlook emphasized the impact of AI and machine learning on data center design, site selection, and investment strategies. With data generation projected to double over the next five years, data center storage capacity is expected to grow significantly. SKAE’s proficiency in planning, engineering, infrastructure installation, testing, maintenance, and operations will enhance JLL’s ability to support clients in various aspects of data center management, including site selection, design, testing, commissioning, upgrades, and operations management.

Founded in 1998, SKAE’s co-founders Peter Skae and John McPartland, along with their team, have provided technical data center solutions across diverse industries such as finance, healthcare, education, and government. The 75 employees of SKAE will join JLL Work Dynamics, with Peter Skae leading the team and reporting to Matt Landek, Americas Managing Director for Data Centers. The acquisition will establish JLL’s Technical Services division within the Data Center vertical, operating as SKAE, a JLL company.

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