Peak 10, the managed services company and data center host, has entered into a transaction with Welsh, Carson, Anderson & Stowe, in which Peak 10’s executive management and Welsh Carson will be acquiring a majority shareholder interest in the company. Those selling their shares include majority owner Seaport Capital and McCarthy Capital, a Nebraska-based private equity fund.
Peak 10’s existing management team, led by co-founder, CEO and President David Jones, will remain in position to operate the business. Jones says “our partnership with Welsh Carson enables Peak 10 to continue increasing the scale of our business to meet the high demand for data center infrastructure and related managed services. Our strategic focus remains intact but our resources now position us to more rapidly extend our geographic footprint, strengthen our team and further accelerate our managed services and cloud offerings.”
The company has seen a significant amount of growth since launching in 2000, expanding to several cities across the US, including Jacksonville, Charlotte, Tampa, and Raleigh, among others. Peak 10 has a presence in Louisville, Richmond and Fort Lauderdale through a series of acquisitions and deals.
“Through its organic growth as well as strategic acquisitions and greenfield activities in entering new markets, Peak 10’s management team has continually outpaced its competition. The company’s growth has been impressive and we are excited to add Peak 10 to our portfolio of business services companies,” said John Clark, general partner at Welsh Carson.
The transaction is set to close early next month. Signal Hill Capital Group was brought on to advise the deal.
