Cequel Data Centers Acquires TierPoint
LIBERTY LAKE, Wash. –(Business Wire)–
Cequel Data Centers, LLC – a portfolio company of Thompson Street
Capital Partners, Charterhouse Group, and Cequel III – today announced
the acquisition of TierPoint, LLC, a leading regional provider of
colocation, managed IT and cloud computing services in the Pacific
Northwest.
TierPoint operates three state-of-the-art data centers in the greater
Spokane, Wash., area, representing nearly 30,000 combined square feet of
raised-floor, data-center space and almost 4.4 megawatts of total
facility power. With its prior acquisitions – including facilities in
Dallas, Oklahoma City, and Tulsa, Okla. – Cequel Data Centers now owns
and operates more than 100,000 square feet of raised-floor, data-center
space.
“Situated in one of the safest areas of the United States, with
relatively low power costs and high fiber connectivity, the TierPoint
acquisition provides us with geographic diversity and fits well with our
overall strategy of acquiring datacenters in key markets that position
us to respond to the growing demand for colocation, managed I.T. and
cloud computing services,” said Paul Estes, President and Chief
Executive Officer of Cequel Data Centers. “The TierPoint team has a
strong reputation and influential customer base, and they’ve
demonstrated their ability to sell into larger markets, with the
majority of their revenue now generated by customers outside the Spokane
area.”
RBC Capital Markets acted as financial advisor to the sellers and was
the sole lead arranger and sole bookrunner for the debt financing
associated with this acquisition. Goldman Sachs, CapitalSource Bank, US
Bank, ING, and CoBank also participated in the credit facility.
Financial terms were not disclosed.
About TierPoint
TierPoint has rapidly become the premier carrier-class and
carrier-neutral Data Center services provider in the Inland Northwest.
TierPoint empowers businesses with mission critical availability,
security and reliability by offering a complete suite of best in class
Data Center Services, including Cloud Computing, Colocation, Internet
Bandwidth and Network Connectivity, Hosting, Managed Security, and Data
Backup and Restoration Services to customers throughout the region –
allowing customers to leverage TierPoint’s infrastructure to optimize
their business objectives. The TierPoint team holds several industry and
vendor certifications from companies such as Cisco, Dell, VMWare,
Microsoft, Fortinet, Aruba, eIQ Networks and organizations such as ISC2 (News – Alert),
and CompTIA.
About Cequel Data Centers
Cequel Data Centers was established in 2010 by Cequel III, a St.
Louis-based management and investment firm, and Thompson Street Capital
Partners, a St. Louis-based private equity firm, together with New
York-based private equity firm Charterhouse Group, Inc.
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