Newspaper article St Louis Post-Dispatch (MO)

TierPoint to Acquire Cosentry

Newspaper article St Louis Post-Dispatch (MO)

TierPoint to Acquire Cosentry

Article excerpt

TierPoint LLC, the Town and Country-based hosting and cloud computer company, is continuing its string of acquisitions by reaching agreement to acquire Cosentry.

Included in the deal is Cosentry's data center in downtown St. Louis. Cosentry, based in Omaha, Neb., operates nine data centers in the Midwest.

Terms of the deal, expected to close in March, were not disclosed.

TierPoint is led by Charter Communications co-founder Jerry Kent.

Cosentry will become a subsidiary of TierPoint and operate under the TierPoint brand. After the deal closes, private equity firm TA Associates will become an investor in TierPoint, joining RedBird Capital Partners, Cequel III, Ontario Teachers' Pension Plan, the Stephens Group, JZ Advisers and Thompson Street Capital Partners.

Cosentry's chief executive, Brad Hokamp, said the acquisition would benefit Cosentry customers. …

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