Technology company TierPoint is seeking an investment of $250 million to $500 million to expand its data presence in states such as Nebraska, Kansas, Oklahoma and Missouri, reported Bloomberg on May 17.
A sale of the company, valued at more than $2.4 billion, is also a possibility, according to Bloomberg.
The St. Louis–based provider of technology services operates more than 40 data centers across the United States and includes clients like NHL, Hewlett-Packard Enterprise and Walgreens, according to their website.
RedBird Capital Partners, Ontario Teachers’ Pension Plan and TA Associates are reportedly among its investors.