Friday, June 20, 2014

TierPoint Acquires Another Data Center -- its 6th Acquisition

TierPoint has expanded its national data center footprint with the acquisition of Philadelphia-based Philadelphia Technology Park, which operates a 25,700 sq. ft. data center within the Philadelphia Navy Yard.  The data center is an SSAE 16 Type II audited facility with N+1 power delivery systems.

The acquisition is the sixth for TierPoint, LLC, previously known as Cequel Data Centers. With its prior acquisitions - including facilities in Dallas, Spokane, Seattle, Oklahoma City, Tulsa and Baltimore - TierPoint now owns and operates more than 141,000 square feet of raised-floor, data center space.

  • Earlier this month, Cequel Data Centers, the parent company of TierPoint, announced today that it has been acquired by an investor group comprised of management and experienced investors across the communications infrastructure industry. The investor group includes Chairman Jerry Kent, RedBird Capital Partners, The Stephens Group, Jordan/Zalaznick Advisers, Inc., and Thompson Street Capital Partners. Terms were not disclosed.