Dh Capital Advises Cosentry on Sale to Tierpoint
New York, NY and Boulder, CO – April 5, 2016 – DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet Infrastructure, communications, and SaaS sectors, announced today that the company served as financial advisor to Cosentry, Inc. (“Cosentry”) on its recently closed sale to TierPoint, LLC (“TierPoint”), a leading national provider of cloud, managed services, and colocation, headquartered in St. Louis. The parties executed a definitive agreement back in late January and terms of the acquisition were not disclosed.
Cosentry, a rapidly growing provider of cloud, colocation and managed services based in Omaha, Nebraska currently operates nine data centers in several Midwest markets, including its headquarter market; St. Louis, Missouri; Kansas City, Missouri and Kansas; Sioux Falls, South Dakota; and Milwaukee, Wisconsin. The company has been named one of Inc. Magazine’s “5000 Fastest Growing Companies” for eight consecutive years. The transaction adds nearly 100,000 square feet of data center space and 8 MW of critical power to TierPoint’s existing data center platform, which pro forma for the dealwill aggregate 38 data centers nationally in 24 markets and serve more than 6,000 customers.
As a part of the transaction, Cosentry’s primary investor, TA Associates, will become a significant investor in TierPoint. “We are very pleased to be investing in TierPoint,” said Harry D. Taylor, a Managing Director at TA Associates, continuing on “the team at DH Capital was integral in getting this transaction to the finish. They were able to help us manage all of the parties’ interests and get to a great result”.
“Peter, Howard and the team at DH helped us achieve a very successful outcome and we leveraged their industry experience throughout the transaction process,” said Brad Hokamp, CEO of Cosentry. “We are confident that combining the business the management team built at Cosentry along with TierPoint, will better serve both of our respective customers and markets.”
“It was a pleasure assisting Cosentry and TA on this exciting transaction”, said Peter Hopper, CEO of DH Capital. “Brad and his team at Cosentry, along with TA, built an exceptional managed service business which will be an excellent addition to the TierPoint platform”
DH Capital has long served as a trusted advisor and maintains the largest dedicated team of professionals covering the Internet infrastructure, communications, and SaaS sectors. In the past two years, DH Capital has advised Datacenter/Hosting companies on over 20 transactions with combined transaction value of approximately $4.8 billion.
About DH Capital
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed more than 130 M&A transactions and private capital placements totaling more than $13.2 billion in value. SaaS Capital, a DH Capital affiliate, is the premier provider of growth capital to emerging SaaS companies. SaaS Capital’s innovative, recurring revenue based lines of credit, and years of experience focused exclusively on the SaaS business model, enables portfolio companies to fund substantial growth without selling a significant portion of their business. For more information on DH Capital, visit their website at www.dhcapital.com.