SOURCE: Cequel Data Centers

May 21, 2012 17:00 ET

Cequel Data Centers Acquires TierPoint

ST. LOUIS, MO--(Marketwire - May 21, 2012) - 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 I.T. and cloud computing services in the Pacific Northwest.

TierPoint operates three state-of-the-art data centers in the greater Spokane, Wash., area, representing over 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 Capital, and CoBank also participated in the credit facility. Financial terms were not disclosed.

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.

Contact Information

  • For more information:
    Pete Abel
    314-315-9346