Rumored Peak 10 Acquisition Could Reach $900 Million: Reuters

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Private equity firm GI Partners is in talks to acquire Peak 10 in a deal valued between $800 and $900 million, according to a report by Reuters on Wednesday.

Citing sources familiar with the matter, the report says that GI Partners “has so far prevailed” in an auction for Peak 10. The cloud services and infrastructure provider has had interest from other private equity firms as well, including Cox Enterprises.

Both sides are keeping mum on the deal, as expected. Companies typically don’t comment on acquisition rumors until the deal is finalized.

Peak 10 is based in North Carolina, and operates 10 data centers around the world. Along with IT infrastructure, Peak 10 offers colocation services, disaster recovery, managed security, cloud services, and compliance services.

The company was founded in 2000, and has had some notable clients including former Denver Broncos quarterback Tim Tebow and the Professional Golfers Association of America.

Private equity firm Welsh, Carson, Anderson & Stowe acquired a majority stake in Peak 10 in 2010.

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