McCarthy Capital Sells its Interest in Peak 10
Charlotte, NC – September 1, 2010 – Peak 10 Inc., a managed services company with world-class data centers, and Welsh, Carson, Anderson & Stowe (“Welsh Carson”), a leading private equity firm, have entered into a transaction in which Welsh Carson and Peak 10’s executive management will acquire a majority shareholder interest in Peak 10. Selling shareholders include majority owner Seaport Capital, a New York-based private equity firm and MCCARTHY CAPITAL, an Omaha, Neb.-based private equity fund.
Peak 10’s existing management team, led by Co-Founder, President and CEO David Jones will continue to operate the business. David Jones indicated, “Our partnership with Welsh Carson enables Peak 10 to continue increasing the scale of our business to meet the high demand for data center infrastructure and related managed services. Our strategic focus remains intact but our resources now position us to more rapidly extend our geographic footprint, strengthen our team and further accelerate our managed services and cloud offerings.”
Since the company’s inception in 2000, Peak 10 has managed a path of steady and consistent growth achieved through expansion in the greenfield markets of Jacksonville, Fla.; Charlotte, N.C.; Tampa, Fla. and Raleigh, N.C., and through acquisitions of established data center companies in Louisville, Ky.; Nashville, Tenn.; Richmond, Va. and, most recently, Fort Lauderdale, Fla. In 2007 and early 2008, Peak 10 opened greenfield data centers in Atlanta, Ga. and Cincinnati, Ohio respectively. Over the last two years Peak 10 has completed construction of additional facilities in five of its markets to meet customer growth and demand.
About McCarthy Capital Corporation
Based in Omaha, NE, McCarthy Capital is a private equity firm focused exclusively on middle market companies. McCarthy Capital manages $500 million in private equity assets and capital commitments. For more information about McCarthy Capital, please visit www.mccarthycapital.com.
About Peak 10 Inc.
Peak 10 is a managed services company with world-class data centers. It delivers scalable, economical and reliable solutions for hosting and managing complex information technology infrastructure. The company’s expert team embraces the industry’s evolving technologies by adopting and tailoring solutions such as virtualization and cloud-based services as part of its robust managed services offering. Its strong customer focus, financial stability, geographic diversity and technical strength attracts market-leading companies such as LendingTree, Global Knowledge, Pergo, Healthways and Churchill Downs. Peak 10 is SAS70 Type II compliant and helps companies meet the requirements of various regulatory compliance acts such as Sarbanes-Oxley (SOX), HIPAA, PCI and Gramm-Leach-Bliley (GLBA). For more information on data center solutions from Peak 10, visit www.peak10.com.