Argo Infrastructure Partners has increased its ownership stake in TierPoint, taking a majority interest.
Argo has now invested around $700 million in TierPoint since 2020.
Founded in 2010, TierPoint portfolio totals 40 data centres in 20 markets across the US, providing critical colocation, interconnection and managed services to over 3,000 customers. Together with $1.6 billion of securitisation issuances over the past 12 months, a total of $2.3 billion has been invested in TierPoint since 2020.
“TierPoint is one of the highest quality enterprise-class data centre platforms and has an unparalleled track record in the industry for reliable operations and energy efficiency,” said Brice Soucy, Argo Senior Director and TierPoint Board Member.
“This has positioned us to capitalise on the unprecedented demand for both enterprise colocation and high-density colocation services, which are critical infrastructure for compute-intensive workloads, including artificial intelligence and machine learning applications.
“We have confidence this demand will translate into a significant growth of the portfolio over the long-term and will cement TierPoint as a go-to provider in this high-growth sector.”
Argo’s investment in TierPoint forms part of its Argo Series 3 funds.
“We are pleased to expand our investment in TierPoint, reaffirming our commitment as a dedicated, long-term investor in the exceptional platform. TierPoint’s robust contractual revenue profile, coupled with the achievement of an investment-grade profile on the ABS and its environmental stewardship, fully aligns with Argo’s long-term sustainable infrastructure thesis. We look forward to continuing to support the long-term growth of our collective platform in partnership with our securitisation investor partners,” added Jason Zibarras, Founding Partner of Argo.
