TierPoint, a US provider of cloud, colocation, managed services and disaster recovery solutions, has signed a definitive agreement Cosentry to acquire a fast growing provider of managed hosting based in Omaha, Nebraska
Cosentry currently operates nine data centers in several Midwestern markets , including Omaha, Nebraska . St. Louis, Missouri; Kansas City, Missouri and Kansas; Sioux Falls, South Dakota; and Milwaukee, Wisconsin.
Cosentry was named one of Inc. Magazine '5000 Fastest Growing Companies of for eight consecutive years. The terms of the acquisition, expected to close in March, were not disclosed.
subsidiary Tierpoint
At closing, Cosentry become a subsidiary of TierPoint TierPoint and operate under the brand. At that time, private equity firm TA Associates , which acquired Cosentry in 2011, will become a major investor in TierPoint, joining RedBird Capital Partners Retirement System teachers of Ontario Cequel III, the Stephens Group, advisors and JZ Thompson Street Capital Partners .
"Cosentry is a great company with great people and this acquisition gives us a significant strategic advantage over the key Midwest markets where there is an increasing demand for data center services," said Jerry Kent, Chairman and CEO of TierPoint . "We are also very pleased that a leader like TA Associates, with a long and rich history of smart investments, chose to become a major investor in TierPoint. combining TierPoint Cosentry and bring economies of scale, which benefits our customers, and the addition of TA Associates a group of already strong investor brings the power of additional financial fire. "
When the acquisition is finalized, TierPoint work 38 data centers in the United States in 24 markets and serve over 6,000 clients.
"TierPoint can offer our customers an even more robust portfolio of cloud and managed services that we currently have available," said Brad Hokamp, Chief Executive Officer (CEO) Cosentry of . "expanded footprint of TierPoint data center, covering 19 markets coast to coast, will also give our customers additional geographic options to meet their growing business needs."
TierPoint has its headquarters in St. Louis, Missouri, while its vis-existing neutral data centers are located in the states of Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, New York, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas, and Washington.
on behalf of the investor group, Gerry Cardinale, Managing Partner and founder of Redbird capital Partners a major investor, said: "We are extremely pleased with the performance of our build-up of the team strategy during the past year, culminating with this latest acquisition Cosentry. Under the direction of Jerry, the original TierPoint platform has been transformed through several key acquisitions and continued organic growth through its national level of basic facilities. "
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