TierPoint to Acquire Cosentry

TierPoint, LLC, has signed a definitive agreement to acquire Cosentry, a rapidly growing provider of cloud, colocation and managed services based in Omaha, Nebraska.

Cosentry currently operates nine data centers in several Midwest markets, including Omaha, Nebraska; St. Louis, Missouri; Kansas City, Missouri and Kansas; Sioux Falls, South Dakota; and Milwaukee, Wisconsin. The company has been named one of Inc. Magazine’s “5000 Fastest Growing Companies” for eight consecutive years. Terms of the acquisition, which is expected to close in March, were not disclosed.

TierPoint is a leading national provider of cloud, managed services, and colocation, helping organizations improve business performance and manage risk. With corporate headquarters based in St. Louis. TierPoint operates highly-redundant, carrier-neutral data centers in the states of Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, New York, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas, and Washington.

Upon closing, Cosentry will become a subsidiary of TierPoint and operate under the TierPoint brand. At that time, private equity firm TA Associates, which acquired Cosentry in 2011, will become a significant investor in TierPoint, joining RedBird Capital Partners, Cequel III, Ontario Teachers’ Pension Plan, the Stephens Group, JZ Advisers and Thompson Street Capital Partners.

When the acquisition is finalized, TierPoint will operate 38 data centers nationally in 24 markets and serve more than 6,000 customers.