(WEB HOST INDUSTRY REVIEW) — Data center operator Peak 10 (www.peak10.com) announced on Wednesday that private equity firm McCarthy Capital (www.mccarthygroup.com) recently purchased Frontier Capital’s stake in the company. Financial terms of the transaction were not disclosed.
McCarthy Capital says the investment is a “recapitalization” for Peak 10.
The Ohama, Nebraska-based firm manages $500 million in private equity assets and capital commitments, partnering with strong management teams at market leading companies in business service industries.
Peak 10 provides a range of services, including virtualization, full-service hosting, and cloud-based services in a cost-efficient and reliable platform for its customers.
The company owns and operates data centers in nine markets that include Cincinnati, Atlanta, Raleigh, Charlotte, Tampa, Jacksonville, Nashville, Louisville, and Richmond.
“McCarthy has a proven track record of engaging and supporting their portfolio companies’ management teams,” says David Jones, president and CEO of Peak 10. “We look forward to a continuation of the strong board relationship that has contributed to our strategic success.”
Seaport Capital continues to be Peak 10′s majority shareholder.
Patrick Duffy, a partner at McCarthy Capital, will also join Peak 10′s board.
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