Peak 10 to be acquired by private equity firm

GI Partners set to propel growth with investment

13 May 2014 by Hollie Luxford - DatacenterDynamics

Peak 10 to be acquired by private equity firm
Inside the Peak 10 data center in Norcross, Georgia, owned by Carter Validus

US-based IT infrastructure and cloud provider Peak 10 will be sold to private equity firm GI Partners (GI) from its current investors private equity firm Welsh, Carson, Anderson & Stowe.

Peak 10 provides hybrid IT infrastructure services including data center services, private and enterprise cloud infrastructure and managed services.

The company operates 24 data centers in ten US locations: Atlanta, Charlotte (its headquarters), Cincinnati, Jacksonville, Louisville, Nashville, Raleigh, Richmond, South Florida and Tampa – which all serve primarily mid-sized enterprises worldwide.

Last October Peak 10 announced the expansion of its Atlanta inventory with addition of a three-phase data center build out within an existing 75,000 sq ft building.

Peak 10 said it can gain strong growth under its new partnership with GI which has made previous investments in data center companies including Digital Realty Trust, The Telx Group and SoftLayer Technologies.

Peak 10’s president and CEO David Jones said this is a pivotal time within the IT infrastructure space.

“Our industry continues to experience dynamic change with shifts and enhancements to virtual environments and the promise of the cloud,” Jones said.

Completion of the transaction, subject to regulatory approvals and customary closing conditions, is expected in Q2 2014.

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