trending Market Intelligence /marketintelligence/en/news-insights/trending/LQatBz8A8d0H7Gs_ANL_8A2 content esgSubNav
In This List

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

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


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.