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Argo Infrastructure Partners increases majority ownership in TierPoint
Transactions - JULY 12, 2024

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Argo Infrastructure Partners increases majority ownership in TierPoint

by Kali Persall

Argo Infrastructure Partners has increased its ownership stake in TierPoint, which operates one of the largest and most geographically diversified U.S. enterprise-class data center portfolios, to represent a majority interest in the company. Financial terms of the investment were not disclosed.

TierPoint’s footprint totals 40 data centers in 20 markets, connected by a coast-to-coast fiber network providing critical colocation, s and managed services to more than 3,000 customers. TierPoint also has issued $1.6 billion in asset-backed securities since 2023 under the company’s Green Finance Framework.

Argo has invested approximately $700 million in TierPoint, which represents the flagship digital infrastructure investment in Argo’s portfolio, since 2020. The investment in TierPoint is the largest of six investments made by Argo’s third vintage fund. It also is one of the largest assets of Argo’s 18 portfolio companies.

“TierPoint is one of the highest q

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