TierPoint Acquires Xand, Doubles Footprint

Late last week there was some consolidation in the colocation sector that slipped past me. TierPoint has agreed acquire Xand from ABRY Partners, adding six data centers and 140,000 square feet or raised floor space to their footprint. The deal gives them some a total of 13 facilities and some 300,000 square feet while bolting on a solid northeastern presence.

Xand was bought by ABRY Partners back in 2011. They then used Xand to roll up two other data center acquisitions over the next year or so, buying and merging in the assets of DBSI and Access Northeast.  Since then though they had been relatively quiet, at least on the inorganic front.  They raised a bunch of new money in 2013 for expansion, but in the end it seems their private equity owners decided to cash in.

For its part, TierPoint seems to be operating with a similar expansion plan with the backing of the private equity group Cequel III and several others. Soon after recapitalizing over the summer, they acquired the Philadelphia Technology Park and announced plans for a third data center in Oklahoma City. They now have a national footprint to play with, and I doubt they are done acquiring similar types of assets.

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Categories: Datacenter · Mergers and Acquisitions