Charlotte-based Peak 10, which operates data centers in the Triangle and across nine other cities, is being sold from one private equity firm to another.
Welsh, Carson, Anderson & Stowe are selling the company led by Charlotte entrepreneur David Jones to GI Partners.
Financial terms were not disclosed.
However, Jones said the deal will mean further opportunities for Peak 10 to expand its operations and add more services.
In all, Peak 10 operates 24 data centers.
WRAL TechWire exclusive: In the first of a two-part Q&A, David Jones takes Insider subscribers inside the deal and what it means.
“This is a pivotal time in the IT infrastructure space,” said Jones, who founded the firm in 2000. “Our industry continues to experience dynamic change with shifts and enhancements to virtual environments and the promise of the cloud. GI Partners’ deep experience in value creation within our sector aligns with our aggressive plans to expand geographically and deliver new capabilities to the marketplace for companies who need a partner like Peak 10.”
The deal is expected to close in the second quarter.
“Peak 10’s talented and experienced management team has built an outstanding organization with considerable scale,” said David Mace, director at GI Partners. “We look forward to supporting the company as it continues to expand its leadership position.”
Welsh, Carson took over Peak 10 four years ago.
“We are very proud of the partnership we have enjoyed with Peak 10’s management team since 2010. During that time, we worked closely together to continue building on Peak 10’s leadership position in the market,” said Eric Lee, general partner at Welsh, Carson, Anderson & Stowe. “The company delivered terrific performance and we believe is well-positioned for its next phase of growth.”
