Argo Infrastructure Partners increased its ownership in TierPoint after acquiring, on behalf of its managed funds, the equity interests held by the majority of the company’s minority shareholders. The private transaction, which has closed and did not disclose financial terms, further deepens Argo’s backing of TierPoint as demand accelerates for enterprise data center services across the U.S.
The investment expands Argo’s control position in a platform it first backed in 2020 and follows a multi-year effort to fund TierPoint’s growth while reducing its cost of capital through longer-dated financing. Argo said that, since its initial investment, $3 billion of capital has been raised to support TierPoint’s expansion strategy and to term out debt facilities.
TierPoint operates in the U.S. colocation market and has a 15-year operating history, citing 100% uptime in virtually every year. The company’s footprint totals 40 data centers across 20 markets, linked by a coast-to-coast fiber network that supports colocation, interconnection, and managed services for more than 3,000 customers. Argo said TierPoint serves a mix of enterprises, government organizations, hyperscalers, and other users of digital infrastructure, positioning the business to participate in multiple segments of the data center market.
Argo said the latest investment follows a period of momentum at TierPoint, including ongoing site acquisitions, multi-megawatt power expansions, and continued execution of its long-term financing strategy. Looking ahead, TierPoint expects to contract existing under-roof capacity across its current markets, a move Argo said could more than double the portfolio’s size in the coming years, supported by customer demand and continued capital formation.
A significant component of the company’s financing approach has been the use of asset-backed securities. Since 2023, TierPoint has issued approximately $2.0 billion of investment-grade ABS, including a $240 million issuance in October 2025. The October financing helped fund the acquisition of Tek Park, which Argo described as TierPoint’s largest data center and campus, and a deal that made TierPoint a majority-owned real estate operator. Argo said the Tek Park acquisition also secured an additional 100 megawatts of capacity intended to support expansion initiatives expected to come online in 2026.
Support: Bank Street Group served as Argo’s exclusive financial advisor, and King & Spalding acted as legal counsel.
KEY QUOTES:
“TierPoint is a high-quality diverse platform, positioned for growth with a long operational track record. This places it in a uniquely differentiated position, not reliant on any single segment of the data center market,”
“Our increasing commitment demonstrates our firm belief in the near-term opportunity and long-term value of the business, underpinning our conviction on more than doubling the size of the portfolio, which is supported by strong customer demand and Argo’s capital formation capabilities.”
“We remain committed to providing the necessary resources needed to advance the next phase of growth.”
“We value the performance and dedication of our talented TierPoint team and look forward to building on the successes made since our first investment in 2020.”
Jason Zibarras, Managing Partner, Argo Infrastructure Partners and TierPoint Board Director
