Cross-Sound Cable Plans a System Redevelopment to Upgrade Interregional Connectivity in the Northeast
Argo Infrastructure Partners, LP (“Argo”), an established mid-market investment manager of 18 essential infrastructure assets in North America, today announced that Cross-Sound Cable Company, LLC is initiating a project to significantly upgrade and expand its electric transmission system – Cross-Sound Cable (CSC), a critical high-voltage direct current (HVDC) transmission system connecting the electric grids of New England and Long Island.
Argo Infrastructure Partners Increases Ownership and Capital Commitment to TierPoint
Argo Infrastructure Partners, LP (“Argo”), an established mid-market asset manager of essential infrastructure assets in North America, today announced it has acquired on behalf of its managed funds the equity interests of the majority of minority shareholders in TierPoint. The transaction reflects Argo’s continued conviction in TierPoint’s strategy and growth potential during a period of accelerating demand for TierPoint’s enterprise-class data center services.
Argo Infrastructure Partners Announces Majority Investment in TierPoint to Further Support Growth of Data Center Portfolio
Argo Infrastructure Partners, LP (“Argo”) today announced that it has increased its ownership stake to represent a majority interest in TierPoint, underscoring the firm’s confidence in the platform’s exceptional growth trajectory. Argo has now invested ~$700 million since 2020 in TierPoint, the flagship digital infrastructure investment in Argo’s portfolio. Combined with the $1.6 billion of securitization issuances over the past 12 months, $2.3 billion has been invested in the TierPoint platform since 2020 driving significant growth in the data center footprint and positioning the company for continued, long-term value creation.
