Ontario Teachers-backed TierPoint to acquire Cosentry
TierPoint LLC has agreed to buy Cosentry Inc, a provider of cloud, colocation and managed services based in Omaha, Nebraska. No financial terms were released. The seller in the deal is U.S. private equity firm TA Associates, which bought Cosentry in 2011. Upon the acquisition's close, TA Associates will become a "significant investor" in TierPoint, joining the company's existing backers, including Ontario Teachers' Pension Plan. Ontario Teachers became an investor in late 2014, when it supported St. Louis, Missouri-based TierPoint's acquisition of Xand.
21 January 2016•3 mins read
