M&A Deal Summary

TierPoint Acquires Xand

On December 3, 2014, TierPoint acquired internet software and services company Xand from ABRY Partners

Acquisition Highlights
  • This is TierPoint’s 1st transaction in the Internet Software and Services sector.
  • This is TierPoint’s 4th transaction in the United States.
  • This is TierPoint’s 1st transaction in New York.

M&A Deal Summary

Date 2014-12-03
Target Xand
Sector Internet Software and Services
Buyer(s) TierPoint
Sellers(s) ABRY Partners
Deal Type Add-on Acquisition
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)
Kirkland & Ellis (Legal)

Target

Xand

Hawthorne, New York, United States
Xand Corp. is a provider of resilient data center, cloud, and managed services. With data centers in New York, Pennsylvania, Connecticut, and Massachusetts, Xand offers colocation, cloud, enterprise hosting, managed services, business continuity, disaster recovery, and managed networking throughout the region via best-in-class facilities, engineering expertise, and commitment to customer service excellence. Xand was founded in 1990 and is based in Hawthorne, New York.

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Buyer(S) 1

Buyer

TierPoint

St. Louis, Missouri, United States

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

TierPoint is a provider of data center colocation, internet connectivity, managed services, cloud services, and disaster recovery services. TierPoint was founded in 2010 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 4 of 8
Sector (Internet Software and Services) 1 of 4
Type (Add-on Acquisition) 4 of 8
State (New York) 1 of 1
Country (United States) 4 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-11 Baltimore Technology Park

Baltimore, Maryland, United States

Baltimore Technology Park is a redundant data center facility that enables large and small enterprises in the general area to have a scalable network presence in a secured facility. Baltimore Technology Park is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 CxP Data Centers

Jacksonville, Florida, United States

CxP Data Centers is a cloud based data provider of security and support of company’s most critical data and information.

Buy -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 49 of 103
Sector (Internet Software and Services) 3 of 10
Type (Add-on Acquisition) 23 of 53
State (New York) 4 of 6
Country (United States) 45 of 88
Year (2014) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 KORE

Alpharetta, Georgia, United States

KORE is a trusted advisor delivering mission-critical IoT solutions and services. KORE empowers organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes. KORE was founded in 2002 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 NSM

Conshohocken, Pennsylvania, United States

NSM is a full-service MGA and program administrator for specialty property & casualty insurance. The company places insurance in niche sectors such as special transportation, social services, real estate, and pet. On behalf of its insurance carrier partners, NSM typically manages all aspects of the placement process, including product development, marketing, underwriting, policy issuance, and claims. NSM was established in 1990 and is headquartered in Conshohocken, Pennsylvania.

Sell -