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 data centers 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.
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, 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.