Thompson Street Portfolio Company Tierpoint Acquires CxP
ST. LOUIS (July 27, 2015) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that one of its portfolio companies, TierPoint, has acquired the assets of CxP Data Centers (www.cxpdatacenter.com) based in Jacksonville, Florida. The 121,000 sq. ft. facility is the largest colocation center in northeast Florida and will include approximately 65,000 square feet of data center space once fully built out.
The CxP facility is designed to be hurricane-resistant and is ballistic hardened. Its location, within hundreds of yards of the main fiber-optic lines that serve Florida, makes it an attractive location for companies planning disaster recovery and business continuity. The facility includes a state-of-the-art Network Operations Center and Disaster Recovery and Business Continuity space. In addition, the facility is capable of supporting a wide range of computing densities for cloud computing and managed hosting services.
According to Jim Cooper, Managing Partner of Thompson Street, the acquisition of CxP is the eighth for TierPoint, LLC. “TierPoint now operates highly redundant data centers in 14 U.S. markets, totaling more than 365,000 square feet. CxP represents a significant expansion of TierPoint’s national colocation capabilities.”
“This acquisition is a great fit for TierPoint, expanding upon our growth strategy in Tier 2 markets,” said Jerry Kent, TierPoint’s Chairman and Chief Executive Officer. “We are bringing to Northeast Florida our culture of providing enterprise-grade cloud, colocation and managed services, delivered with local customer service that is second to none.” CxP Data Centers are now under the TierPoint banner.
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