Windstream, a provider of advanced network communications, announced it has completed the sale of its data center business to TierPoint in an all-cash transaction valued at $575 million.

RBC Capital Markets served as financial advisor and Bryan Cave served as legal advisor to Windstream for the transaction. Paul Hastings served as legal advisor to TierPoint.

TierPoint’s primary investors include Cequel III, Ontario Teachers’ Pension Plan, RedBird Capital, the Stephens Group, JZ Advisers and Thompson Street Capital Partners.