Welsh Carson exits cloud, IT infra business Peak 10 to GI Partners


data centre5_lrgWelsh, Carson, Anderson & Stowe has sold IT infrastructure and cloud-services provider Peak 10 to fellow US buyout house GI Partners.

The company provides hybrid IT infrastructure including data centres, private and enterprise cloud infrastructure and managed services.

WCAS general partner Eric Lee said, “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.

“The company delivered terrific performance and we believe is well-positioned for its next phase of growth.”

GI Partners director David Mace added, “Peak 10’s talented and experienced management team has built an outstanding organization with considerable scale.

“We look forward to supporting the company as it continues to expand its leadership position.”

The deal is expected to close in the second quarter of 2014.

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