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TierPoint, LLC has announced that it has completed its previously announced acquisition of Cosentry. Terms were not disclosed.
Concurrent with the closing of this acquisition, TA Associates — which acquired Cosentry in 2011 — has joined TierPoint’s investor group, including Ontario Teachers’ Pension Plan, Cequel III, RedBird Capital Partners, The Stephens Group, Thompson Street Capital Partners, and Jordan/Zalaznick Advisers, Inc. This group has backed the company with a significant investment of long-term, flexible equity capital that supports TierPoint’s strategy for continued growth across services and regions.