Led · Equity · Feb 2022

TierPoint is a St. Louis-based provider of secure, connected data center and cloud solutions at the edge of the internet. Its product portfolio includes private, multitenant, managed hyperscale and hybrid cloud, plus colocation, disaster recovery, security, and other managed IT services. The company operates one of the largest and most geographically diversified U.S. footprints, with over 40 data centers in 20 markets and eight multitenant cloud pods connected by a coast-to-coast network. TierPoint serves thousands of clients across public and private sectors, from small businesses to Fortune 500 enterprises. Net proceeds from the recent transaction will be used to provide partial liquidity to other investors and to continue investing in the company’s network to fuel growth. The company is led by Chairman and CEO Jerry Kent. TierPoint is a St. Louis-based provider of secure, connected data center and cloud solutions at the edge of the internet. The company operates one of the largest customer bases in the industry, serving thousands of clients from the public and private sectors, including small businesses and Fortune 500 enterprises. TierPoint maintains a geographically diversified footprint of over 40 data centers in 20 markets and 8 multitenant cloud pods, connected by a coast-to-coast network. Its IT professionals offer a comprehensive portfolio including private, multitenant, managed hyperscale and hybrid cloud, colocation, disaster recovery, security, and other managed IT services. The company plans to use equity proceeds to strengthen its balance sheet and fund growth initiatives. No revenue or user metrics were disclosed in the article.

Led · Equity · Jun 2018

Ice Energy develops and deploys thermal energy storage products, including its Ice Bear technology, that deliver behind-the-meter storage for commercial and industrial HVAC, refrigeration, process cooling, and home AC systems. Its systems are used to manage peak power demand and enable load shifting under long-term utility contracts. The company has installed 15 megawatts (MW) of energy storage, has contracts to install another 30 MW, and reports a pipeline of over 400 MW. Ice Energy provides peak capacity to more than 40 utility service territories nationwide. The company says funding will enable it to accelerate market development in the U.S. and internationally. Ice Energy is based in Costa Mesa, Calif. Ice Energy produces rooftop ice-making systems that store cooling energy during off-peak hours and use the ice to cool buildings during peak demand. The product includes an on-site storage device, a controller for intelligent operation, and cellular connectivity to a network operations center that utilities can control. The company targets buildings three stories or less, a segment the CEO says accounts for 97% of commercial buildings and half of commercial A/C electricity consumption. Ice Energy reports 25 utilities as customers and is running a pilot with Toronto Hydro plus a large-scale project with the Southern California Public Power Authority (SCPPA). Investors and company statements note 5 million hours of operational runtime and a robust patent portfolio. The company closed a $24 million Series C and plans to use the proceeds to fulfill a $115 million supply agreement with SCPPA and to drive new utility sales.