
Former EdgeCore CEO and Founder of CoreSite brings operational and advisory expertise to Divcon&#39;s leadership team


Divcon LLC, a leading independent provider of mission-critical Building Management System (BMS)

<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Former EdgeCore CEO and Founder of CoreSite brings operational and advisory expertise to Divcon&#39;s leadership team</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Divcon LLC, a leading independent provider of mission-critical Building Management System (BMS) and Electrical Power Monitoring System (EPMS) solutions, announced the recent appointment of Tom Ray as an independent member of its Board of Directors. Ray provides valuable operational perspective and key industry insights as the company increases its market share in the rapidly growing global data center industry.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Ray brings more than four decades of experience leading and advising businesses across the data center, real estate, and software sectors. He previously served as Chairman, CEO, and Co-Founder of EdgeCore Data Centers, as well as CEO and Founder of CoreSite Realty Corporation, one of the nation’s leading data center owners and operators. Ray was recently appointed as an independent board member of QScale, a Canadian developer and operator of next-generation, AI-ready data centers that was acquired by Infrastructure at Goldman Sachs Alternatives.

</p><p xmlns="http://www.w3.org/1999/xhtml">
In addition to his operational leadership, Ray is a Co-Founder of Quannah Partners, a middle-market real estate private equity firm, and Founder of Buckhorn Capital Group, a family investment office. Earlier in his career, he spent 11 years with The Carlyle Group, where he served as a Managing Director leading the firm&#39;s data center investment activities.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Ray joins former Microsoft executive Nana Bule as one of the Board&#39;s two independent directors. Together, they serve alongside Marc Shiffman, Divcon&#39;s CEO and Chairman of the Board; Jeff Possick and Erin Dunn-Franklin of Goldman Sachs Alternatives; and Divcon Co-Founders John Palacios and Ben Crowell. Divcon has been a portfolio company of Goldman Sachs Alternatives since 2024.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The growth of data center and energy infrastructure is reshaping our economy and accelerating the focus on energy efficiency advantages that Divcon provides,&#34; said Shiffman. &#34;Tom’s deep expertise as an owner and operator of data centers, combined with his market perspective, makes him a valuable addition to Divcon’s Board. Together with our expanded leadership team, we are well positioned to meet the demands of the data center infrastructure market and strengthen our role as a trusted and reliable business partner to our customers.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
Since 2012, Divcon has delivered custom-engineered solutions that enable data center operators to control, automate, and monitor building management and power systems with zero downtime. The company’s hardware- and software-agnostic approach ensures flexible, scalable solutions tailored to each customer’s environment. Divcon&#39;s capabilities include new-build installations, tenant fit-outs, retrofits, and 24/7 support services.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Divcon combines decades of industry experience with forward-looking leadership to meet the demands of the next wave of hypergrowth,&#34; said Ray. &#34;Since joining the board, I&#39;ve seen firsthand the competitive advantages that Divcon brings to its customers and how the company is addressing the evolving needs of modern data centers. I’m excited to continue to work with Marc and the team as the company deploys its strategy for continued growth and impact on the industry."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The company’s proprietary solutions manage water, energy, and environmental controls for more than nine million square feet of data centers nationwide, and it continues to expand its footprint around the U.S. Since 2020, Divcon has supported more than 100 data center installations, representing over three gigawatts of mission-critical load.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Divcon</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Headquartered in Dallas, TX, Divcon provides building management and electrical power monitoring systems to mission-critical facilities, enabling the customer to control, automate, and monitor energy and power functions. With over 9 million square feet of white space under management and over 3 gigawatts of mission-critical load commissioned since 2020, Divcon is one of the largest independent control systems contractors globally specializing in colocation data centers and mission-critical facilities. Divcon’s mission is to provide its customers with cost-effective solutions to meet their exact building automation needs. Divcon, which is backed by Sustainable Investing at Goldman Sachs Alternatives, strives to accomplish this through technology, innovation, and client-focused personal service.

</p><p xmlns="http://www.w3.org/1999/xhtml">
To learn more about Divcon, visit: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdivconcontrols.com&amp;esheet=54592120&amp;newsitemid=20260820815982&amp;lan=en-US&amp;anchor=https%3A%2F%2Fdivconcontrols.com&amp;index=1&amp;md5=b82e2ee34d43f985d18f7b4d0dc46c6f" shape="rect">https://divconcontrols.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Sustainable Investing at Goldman Sachs Alternatives</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GS">GS</a>) is one of the leading investors in alternatives globally, with over $645 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sustainable Investing at Goldman Sachs Alternatives seeks to invest in thematic climate transition and inclusive growth opportunities by backing companies that have an impact in these two areas. The leadership and broader team bring decades of combined experience, broad investment knowledge across the sustainability landscape and a proprietary corporate network of sustainability leaders from global corporations – all supported by the broader resources of Goldman Sachs.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $4 trillion in assets under supervision globally as of June 30, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fshowcase%2Fgoldman-sachs-assetmanagement%2F&amp;esheet=54592120&amp;newsitemid=20260820815982&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=22ca5d4963366a333295965b2c65c844" shape="rect">LinkedIn</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260820815982r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260820815982/en/" rel="nofollow">https://www.businesswire.com/news/home/20260820815982/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Heather Newport
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:hnewport@aileroninc.com" shape="rect">hnewport@aileroninc.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>248-894-2923

</p>

Divcon Names Data Center Leader Tom Ray to Its Board of Directors

Goldman-backed Divcon adds data center veteran Tom Ray to board

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Former EdgeCore CEO and Founder of CoreSite brings operational and advisory expertise to Divcon&amp;#39;s leadership team


Divcon LLC, a leading independent provider of mission-critical Building Management System (BMS)</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Divcon appointed Tom Ray, former EdgeCore CEO and CoreSite founder, as an independent director, strengthening governance with deep data-center expertise. Ray&#039;s background, combined with Goldman Sachs Alternatives&#039; ongoing backing since 2024, could accelerate Divcon&#039;s growth in the expanding data-center automation market. Divcon now controls over 9 million square feet and more than 3 gigawatts of mission-critical load, underscoring scale potential for GS-related infrastructure initiatives.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Tom Ray, ex-EdgeCore CEO, joins Divcon board as independent director.</li><li>Ray&#039;s four decades in data centers bolster Divcon&#039;s growth strategy.</li><li>Divcon has Goldman Sachs Alternatives backing since 2024; governance expands.</li><li>Divcon operates 9M+ sq ft of data-center space with 3+ GW load since 2020.</li><li>GS Alternatives&#039; involvement hints at ongoing capital support and deal flow.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Divcon LLC (N/A)</strong>: Private company; appoints Tom Ray to its board, backed by GS Alternatives.</li><li><strong>Goldman Sachs Alternatives (GS)</strong>: Backer of Divcon; signals continued capital support and potential deal flow into data-center infra.</li><li><strong>Goldman Sachs (GS)</strong>: Parent firm; asset-management platform backing alternatives, including Divcon&#039;s growth.</li><li><strong>EdgeCore Data Centers (EdgeCore)</strong>: Tom Ray former chairman/CEO; demonstrates operator pedigree shaping Divcon governance.</li><li><strong>CoreSite Realty (CRT)</strong>: Ray founded CoreSite; contributing data-center operator network and experience.</li><li><strong>QScale (QScale)</strong>: Ray served as independent director; acquired by Infrastructure at Goldman Sachs Alternatives.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The hire adds governance depth and signals ongoing GS-backed strategic expansion in data-center infrastructure, a key growth pillar for the GS Alternatives platform.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>GS Alternatives&#039; continued backing may signal sustained capital support for Divcon.</li><li>Divcon&#039;s scale metrics (9M+ sq ft, 3+ GW) highlight rising demand for BMS/EPMS in data centers.</li><li>Independent board appointment could unlock additional strategic partnerships and project wins.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Tom Ray: former Chairman/CEO/Co-Founder of EdgeCore Data Centers; former CEO/Founder of CoreSite Realty.</li><li>Divcon manages more than 9 million square feet of data-center space and has commissioned over 3 gigawatts of mission-critical load since 2020.</li><li>Divcon has supported more than 100 data center installations since 2020.</li><li>Divcon has been a portfolio company of Goldman Sachs Alternatives since 2024.</li><li>Goldman Sachs Alternatives holds &gt;$645 billion in assets; GS Asset Management manages ~ $4 trillion as of 6/30/2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Modest positive read-through for GS&#039;s alternatives franchise over 1–3 quarters from deeper data-center exposure via Divcon.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Former EdgeCore CEO and Founder of CoreSite brings operational and advisory expertise to Divcon&#39;s leadership team</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Divcon LLC, a leading independent provider of mission-critical Building Management System (BMS) and Electrical Power Monitoring System (EPMS) solutions, announced the recent appointment of Tom Ray as an independent member of its Board of Directors. Ray provides valuable operational perspective and key industry insights as the company increases its market share in the rapidly growing global data center industry.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Ray brings more than four decades of experience leading and advising businesses across the data center, real estate, and software sectors. He previously served as Chairman, CEO, and Co-Founder of EdgeCore Data Centers, as well as CEO and Founder of CoreSite Realty Corporation, one of the nation’s leading data center owners and operators. Ray was recently appointed as an independent board member of QScale, a Canadian developer and operator of next-generation, AI-ready data centers that was acquired by Infrastructure at Goldman Sachs Alternatives.

</p><p xmlns="http://www.w3.org/1999/xhtml">
In addition to his operational leadership, Ray is a Co-Founder of Quannah Partners, a middle-market real estate private equity firm, and Founder of Buckhorn Capital Group, a family investment office. Earlier in his career, he spent 11 years with The Carlyle Group, where he served as a Managing Director leading the firm&#39;s data center investment activities.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Ray joins former Microsoft executive Nana Bule as one of the Board&#39;s two independent directors. Together, they serve alongside Marc Shiffman, Divcon&#39;s CEO and Chairman of the Board; Jeff Possick and Erin Dunn-Franklin of Goldman Sachs Alternatives; and Divcon Co-Founders John Palacios and Ben Crowell. Divcon has been a portfolio company of Goldman Sachs Alternatives since 2024.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The growth of data center and energy infrastructure is reshaping our economy and accelerating the focus on energy efficiency advantages that Divcon provides,&#34; said Shiffman. &#34;Tom’s deep expertise as an owner and operator of data centers, combined with his market perspective, makes him a valuable addition to Divcon’s Board. Together with our expanded leadership team, we are well positioned to meet the demands of the data center infrastructure market and strengthen our role as a trusted and reliable business partner to our customers.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
Since 2012, Divcon has delivered custom-engineered solutions that enable data center operators to control, automate, and monitor building management and power systems with zero downtime. The company’s hardware- and software-agnostic approach ensures flexible, scalable solutions tailored to each customer’s environment. Divcon&#39;s capabilities include new-build installations, tenant fit-outs, retrofits, and 24/7 support services.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Divcon combines decades of industry experience with forward-looking leadership to meet the demands of the next wave of hypergrowth,&#34; said Ray. &#34;Since joining the board, I&#39;ve seen firsthand the competitive advantages that Divcon brings to its customers and how the company is addressing the evolving needs of modern data centers. I’m excited to continue to work with Marc and the team as the company deploys its strategy for continued growth and impact on the industry."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The company’s proprietary solutions manage water, energy, and environmental controls for more than nine million square feet of data centers nationwide, and it continues to expand its footprint around the U.S. Since 2020, Divcon has supported more than 100 data center installations, representing over three gigawatts of mission-critical load.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Divcon</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Headquartered in Dallas, TX, Divcon provides building management and electrical power monitoring systems to mission-critical facilities, enabling the customer to control, automate, and monitor energy and power functions. With over 9 million square feet of white space under management and over 3 gigawatts of mission-critical load commissioned since 2020, Divcon is one of the largest independent control systems contractors globally specializing in colocation data centers and mission-critical facilities. Divcon’s mission is to provide its customers with cost-effective solutions to meet their exact building automation needs. Divcon, which is backed by Sustainable Investing at Goldman Sachs Alternatives, strives to accomplish this through technology, innovation, and client-focused personal service.

</p><p xmlns="http://www.w3.org/1999/xhtml">
To learn more about Divcon, visit: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdivconcontrols.com&amp;esheet=54592120&amp;newsitemid=20260820815982&amp;lan=en-US&amp;anchor=https%3A%2F%2Fdivconcontrols.com&amp;index=1&amp;md5=b82e2ee34d43f985d18f7b4d0dc46c6f" shape="rect">https://divconcontrols.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Sustainable Investing at Goldman Sachs Alternatives</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GS">GS</a>) is one of the leading investors in alternatives globally, with over $645 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sustainable Investing at Goldman Sachs Alternatives seeks to invest in thematic climate transition and inclusive growth opportunities by backing companies that have an impact in these two areas. The leadership and broader team bring decades of combined experience, broad investment knowledge across the sustainability landscape and a proprietary corporate network of sustainability leaders from global corporations – all supported by the broader resources of Goldman Sachs.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $4 trillion in assets under supervision globally as of June 30, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fshowcase%2Fgoldman-sachs-assetmanagement%2F&amp;esheet=54592120&amp;newsitemid=20260820815982&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=22ca5d4963366a333295965b2c65c844" shape="rect">LinkedIn</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260820815982r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260820815982/en/" rel="nofollow">https://www.businesswire.com/news/home/20260820815982/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Heather Newport
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:hnewport@aileroninc.com" shape="rect">hnewport@aileroninc.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>248-894-2923

</p>

Divcon appointed Tom Ray, former EdgeCore CEO and CoreSite founder, as an independent director, strengthening governance with deep data-center expertise. Ray's background, combined with Goldman Sachs Alternatives' ongoing backing since 2024, could accelerate Divcon's growth in the expanding data-center automation market. Divcon now controls over 9 million square feet and more than 3 gigawatts of mission-critical load, underscoring scale potential for GS-related infrastructure initiatives.

News insight

Divcon Names Data Center Leader Tom Ray to Its Board of Directors

AI summary

Sentiment rationale

Key facts

Corporate Developments