QTS is a private data center solutions provider founded in 2003 by Chad Williams with the acquisition of a single data center in Kansas. The company owns, develops, and operates carrier-neutral, multi-tenant data centers across North America and Europe. QTS provides colocation, cloud, and managed services through a proprietary Service Delivery Platform, serving Fortune 1000 enterprises, government agencies, and hyperscale technology companies. The firm operates 28 data centers across 14 U.S. markets and maintains international operations in the Netherlands and United Kingdom, with additional facilities in development. In August 2021, Blackstone acquired QTS for approximately $10 billion, taking the company private and removing it from the New York Stock Exchange where it had traded since October 2013. Under private ownership through Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, and Blackstone Property Partners, QTS focuses on long-term capacity expansion to meet demand driven by artificial intelligence workloads, cloud adoption, and digital transformation. The company operates approximately 3 million square feet of data center space with hundreds of megawatts of power capacity. Geographic concentration includes Northern Virginia, Dallas/Fort Worth, Chicago, Richmond, Atlanta, and New Jersey markets. QTS serves more than 690 customers with investment-grade tenants representing approximately 68% of leased power capacity across the portfolio.
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