News Column

BRIEF: Peak 10 to be acquired by private equity firm

May 12, 2014

By Deon Roberts, The Charlotte Observer

May 12--Charlotte-based Peak 10 said Monday it is being acquired by a private equity firm as the technology company seeks to grow.

Under the deal, GI Partners, based in Menlo Park, Calif., will buy Peak 10 from New York-based private equity firm Welsh, Carson, Anderson & Stowe, which bought Peak 10 in 2010.

Terms were not disclosed. The deal, which is subject to regulatory approvals, is expected to close in the second quarter.

Peak 10 operates 24 data centers across the U.S., including in Charlotte. Among other things, it specializes in cloud-computing services.

In a press release, the company said it is poised for "aggressive growth" under ownership by GI Partners. In a statement, Peak 10 CEO David Jones said his company is seeking to "expand geographically and deliver new capabilities to the marketplace. ..."

Peak 10 built its first center in Jacksonville, Fla., in 2000. It expanded to Charlotte in 2001 and began to acquire data centers across the Southeast.


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Source: Charlotte Observer (NC)

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