TierPoint, a provider of data center and cloud solutions, has closed on a long-term, $500 million investment from an affiliate of Argo Infrastructure Partners.
“We’re very pleased that Argo — a knowledgeable and well-regarded long-term infrastructure investor — has become our largest investor,” said Jerry Kent, chairman and CEO of TierPoint. “Argo’s investment strengthens our position in an industry experiencing great demand for our network and services and adds to the long runway of growth ahead of us.”
With one of the largest and most geographically diversified U.S. footprints, TierPoint has thousands of clients ranging from the public to private sectors, from small businesses to Fortune 500 enterprises. The company has more than 40 world-class data centers in 20 markets and eight multi-tenant cloud pods, which are connected by a coast-to-coast network.
Net proceeds of Argo’s investment will be used to provide partial liquidity to other inves