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Report: TierPoint mulls strategic options, could sell for more than $2.4B

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Report: TierPoint mulls strategic options, could sell for more than $2.4B

Information technology and data center services provider TierPoint LLC is considering strategic alternatives, including an outright sale for more than $2.4 billion or raising up to $500 million, Bloomberg News reported, citing people familiar with the matter.

The St. Louis-based company, which has hired advisers to help with the strategic review, would use funds raised from a potential new equity investment to increase its data center footprint in Nebraska, Kansas, Oklahoma, Missouri and other so-called edge markets, the news outlet reported, citing a person close to the company.

Market rivals, infrastructure investors and private equity firms are likely to show interest in TierPoint.

TierPoint representative Pete Abel declined to comment, according to Bloomberg.