Announced
Completed
Financials
Sources
Tags
Friendly
Completed
Private Equity
Single Bidder
Acquisition
United States
cloud solutions
data center
Data Centers and Hosting
Private
Minority
Domestic
Synopsis
Argo Infrastructure, an independent fund manager, completed a $500m investment in TierPoint, a provider of secure, connected data center and cloud solutions. “We’re very pleased that Argo – a knowledgeable and well-regarded, long-term infrastructure investor – has become our largest investor. Their investment is a result of the strong financial and operating results we’ve achieved and the success we’ve had in retaining clients through a superior level of customer care. It validates the steps we’re taking to augment our suite of leading IT infrastructure solutions and team of world-class technology professionals. 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," Jerry Kent, TierPoint Chairman and CEO.
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