Infrastructure Acquisitions in Missouri

Argo Infrastructure Partners acquired the equity interests held by the majority of TierPoint's minority shareholders, further increasing Argo's ownership in the data center platform; financial terms were not disclosed and the transaction has closed. The move brings total capital formation under Argo's ownership to $3.0 billion and is intended to deepen support for TierPoint's national expansion of its 40 data centers across 20 markets and continued financing strategy.

Wesco International has acquired Ascent LLC, a data center facility management and services provider, for a cash-free, debt-free purchase price of $185 million. Ascent—headquartered in St. Louis with more than 300 employees and ~$115 million in trailing twelve-month sales—adds site operations, engineering, liquid-cooling capabilities and a proprietary Navigator platform to Wesco's data center solutions portfolio.

Gannett Fleming, a portfolio company of OceanSound Partners, has completed a strategic merger with TranSystems, a Sentinel Capital Partners portfolio company, creating a national infrastructure consulting leader with roughly $1.3 billion in combined revenue and more than 5,000 employees. The deal represents Sentinel's exit of TranSystems and expands Gannett Fleming's capabilities and geographic coverage across transportation end markets including highways, bridges, mass transit, freight rail, and aviation.

Martinus North America, Inc. has entered into a purchase agreement to acquire Bottom Line Company LLC, a Lee's Summit, Missouri-based railroad contractor. The business will operate as Martinus Bottom Line and immediately service Class 1, shortline and industrial markets as part of Martinus' North American expansion; roughly 200 Bottom Line employees will join the Martinus group.

Revive Infrastructure Group, backed by Sileo Capital with support from Brightwood Capital, acquired the assets of Darrah Contracting, a Missouri-based utility contractor. The add-on expands Revive/Excel’s Missouri footprint by adding more than 25 employees, 50+ pieces of equipment, and additional master service agreement work to increase recurring revenue.

Road Safety Services, a Parallel49 Equity portfolio company, completed an add-on acquisition of Twin Traffic Marking Corp. and Traffic Zone Services (collectively “Twin Traffic”), expanding its pavement marking and traffic control capabilities. The deal bolsters RSS’s scale and presence in the Central U.S., particularly Kansas and Missouri, and supports continued platform buildout in road safety services.

TierPoint agreed to receive $320 million of preferred equity led by Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance, with participation from existing investors including Cequel III, Ontario Teachers' Pension Plan, RedBird Capital Partners, The Stephens Group, and Thompson Street Capital Partners. Net proceeds will repay second-lien debt, reduce the revolving credit facility balance, and provide growth capital to fund TierPoint's continued expansion of its data-center and hybrid cloud services.