Fleet Data Centers
Fleet Data Centers, a Tract Capital portfolio company founded in 2025 and headquartered in Denver, designs, builds, and operates mega-scale (500MW+) build-to-suit data center campuses for hyperscale and large technology tenants under long-term triple net leases.
- Company typePrivate
- Founded2025
- HeadquartersDenver, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Fleet Data Centers does
Fleet Data Centers, founded in January 2025 and headquartered in Denver, Colorado, is a private digital infrastructure company that designs, builds, and operates mega-scale, single-tenant data center campuses. The company is a wholly-owned portfolio company of Tract Capital Management, an alternative asset manager focused on digital infrastructure. Fleet's core product is build-to-suit, 500MW+ hyperscale campuses delivered as turnkey, rack-ready facilities, with end-to-end services spanning early-stage design, engineering, construction (including electrical substations), and ongoing operations. The platform leverages in-house design and engineering capabilities to operate as an extension of customer teams.
The company's commercial model is direct enterprise sales to hyperscalers and large technology companies, structured around 197-month (approximately 16.4-year) triple net leases for dedicated, single-tenant campuses. Pricing is project-specific and negotiated directly with each hyperscale customer; no public pricing exists. The flagship project is a 230MW utility capacity (200MW critical IT capacity) hyperscale data center campus on 517 acres in Storey County, Nevada, which is 100% pre-leased to an AA- investment grade rated enterprise tenant with a market cap exceeding $3 trillion. Construction began with a groundbreaking ceremony in May 2026.
Fleet is funded primarily through institutional debt, having raised $3.8 billion in February 2026 and $4.6 billion in April-May 2026 via private offerings of senior secured notes to qualified institutional buyers (total $8.4 billion) for the Storey County campus. The company employs 51-100 people, drawing executives from AWS (Global Data Centers, Infrastructure Finance, Data Center Engineering), Google Cloud, Level 3 Communications, Digital Realty, Vantage Data Centers, and Vertiv. Fleet reports no operating revenue and is currently pre-revenue.
Fleet Data Centers firmographics
Firmographics- Name
- Fleet Data Centers
- Legal name
- Fleet Data Centers
- Website
- https://fleetdatacenters.com
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Fleet Data Centers, a Tract Capital portfolio company founded in 2025 and headquartered in Denver, designs, builds, and operates mega-scale (500MW+) build-to-suit data center campuses for hyperscale and large technology tenants under long-term triple net leases.
- Ownership category
- akta.pro rank
Fleet Data Centers industry classification
Industry- Product category
- Hyperscale Data Center Infrastructure
- NAICS
- Computer Facilities Management Services (541513), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- akta.pro primary industry
- Hyperscale Data Center Campuses (Build-to-Suit) (HDABACAC)
- akta.pro secondary industries
- Enterprise Data Centers & On-Prem Facilities (Owned/Operated) (HDABACAG), Data Center Operations & Managed Services (Remote Hands, NOC/SOC) (HDABANAA)
Keywords
Where Fleet Data Centers is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Fleet Data Centers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Supply Chain, Operations, Technology or R&D
Revenue model
- Data Center Campus Leasing: Fleet Data Centers generates revenue through long-term triple net lease agreements with hyperscale customers for dedicated, single-tenant data center campuses. The leases are typically 197 months (approximately 16.4 years) and the facilities are built-to-suit for specific enterprise tenants. The company also benefits from development and construction fees as part of its end-to-end service offering.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Fleet Data Centers product offering
Product offeringCore offering
Fleet Data Centers designs, builds, and operates mega-scale, single-tenant data center campuses (500MW+) for hyperscalers and large enterprises. The company delivers end-to-end services spanning early-stage design, engineering, construction of turnkey facilities (including electrical substations), and ongoing operations of fully operational, rack-ready data centers. Its flagship offering is build-to-suit campuses contracted under long-term (e.g., 197-month) triple net leases.
Product overview
Fleet Data Centers operates as a platform for mega-scale, single-user data center campus development and operations. The core offering consists of build-to-suit data center campuses at 500MW+ scale, with end-to-end services from early-stage design through construction to ongoing operations. The company targets hyperscalers and large enterprises seeking contiguous campus development across multiple building footprints. The flagship project is the Storey County, Nevada hyperscale facility (230MW utility capacity/200MW critical IT capacity) on 517 acres, representing their first major development under parent company Tract Capital.
Differentiator
Problem solved
Functional benefit
Products and services
- Mega-Scale Data Center Campuses Build-to-suit, single-user mega-scale data center campuses (500MW+) delivered with end-to-end capabilities from design through construction to ongoing operations. Provided to hyperscalers and large enterprises seeking dedicated, contiguous campus capacity on long-term triple net leases.
- Campus Development Services Comprehensive data center campus development services including design, engineering, delivery, and operations. Enables on-demand development of dedicated campuses that integrate with existing data center infrastructure and align with multi-year capacity plans.
- Storey County Hyperscale Data Center Campus A 230MW utility capacity (200MW critical IT capacity) turnkey hyperscale data center and electrical substation on a 517-acre property in Storey County, Nevada, delivered under a 197-month triple net lease to an AA- investment grade rated tenant.
Companies that use Fleet Data Centers
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Fleet Data Centers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Fleet Data Centers partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
Fleet Data Centers competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Fleet Data Centers social profiles
Digital presenceFleet Data Centers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fleet Data Centers leadership team
Management profileNumber of profiles
Fleet Data Centers subsidiaries and ownership
Company hierarchySubsidiaries4 records
Fleet Data Centers funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fleet Data Centers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fleet Data Centers
What does Fleet Data Centers do?
Fleet Data Centers designs, builds, and operates mega-scale, single-tenant data center campuses (500MW+) for hyperscalers and large enterprises. The company delivers end-to-end services spanning early-stage design, engineering, construction of turnkey facilities (including electrical substations), and ongoing operations of fully operational, rack-ready data centers. Its flagship offering is build-to-suit campuses contracted under long-term (e.g., 197-month) triple net leases.
Is Fleet Data Centers a public or private company?
Fleet Data Centers is a private company. It is classified as private equity controlled and is currently operating.
When was Fleet Data Centers founded?
Fleet Data Centers was founded in 2025. It employs 51 to 100 people.
Where is Fleet Data Centers based?
Fleet Data Centers is headquartered in Denver, United States, in the North America region.
How does Fleet Data Centers make money?
One revenue line is on record: data Center Campus Leasing.
Does Fleet Data Centers have an API?
No public API is recorded for Fleet Data Centers.
What industry is Fleet Data Centers in?
Fleet Data Centers's product category is Hyperscale Data Center Infrastructure. Its primary akta.pro industry code is HDABACAC, Hyperscale Data Center Campuses (Build-to-Suit), with a secondary code of HDABACAG, Enterprise Data Centers & On-Prem Facilities (Owned/Operated). Its NAICS code is 541513.