ABRY Partners to sell Xand to TierPoint

TierPoint has agreed to buy Xand from ABRY Partners. Financial terms weren’t announced. Ontario Teachers’ Pension Plan is also investing. Xand provides colocation, cloud, disaster recovery, and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts. RBC Capital Markets and Credit Suisse are providing debt financing. DH Capital provided financial advice to ABRY/Xand.

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