Argo Infrastructure Partners, on behalf of its managed funds, has acquired the equity interests of the majority of minority shareholders in data center operator TierPoint.
TierPoint has a 15-year operating history in the U.S. colocation market, with 100 percent uptime virtually every year and one of the largest and most geographically diversified enterprise-class data center footprints, totaling 40 data centers in 20 markets. This is connected by a coast-to-coast fiber network providing critical colocation, interconnection and managed services to more than 3,000 customers.
Since Argo’s initial investment in 2020, $3 billion of capital has been raised to fund growth and reduce TierPoint’s cost of capital by terming out debt facilities. The investment capital has advanced TierPoint’s market position as a data center services provider to enterprises, government organizations, hyperscaler and other consumers of state-of-the-art digital infrastructure.
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