Peak 10 Inc, which is backed by GI Partners, has closed its previously announced acquisition of ViaWest, a hybrid IT solutions provider, for $1.675 billion. The seller was Shaw Communications Inc. GI Partners, ViaWest’s former investor, will retain its majority stake in the combined company.
SAN FRANCISCO, CA, August 1, 2017 – GI Partners (“GI”) announced today that its portfolio company, Peak 10, Inc. (“Peak 10) has completed the $1.675 billion acquisition of ViaWest, Inc. (“ViaWest”) from Shaw Communications Inc. (TSX:SJR.B; NYSE:SJR), creating a leading scale provider of colocation, connectivity, cloud, and managed solutions. GI Partners, a former investor in ViaWest, acquired Peak 10 in 2014 and will remain the majority shareholder of the combined company.
The combined company’s operations span 20 domestic and international markets. Peak 10 and ViaWest’s 4,200 customers will benefit from the expanded value proposition of the combined entity, including enhanced cloud and interconnection capabilities, highly redundant data centers, and back office and operational support systems automation.
GI Partners has a successful history of investing in the IT infrastructure sector. Since 2001, GI has invested in several IT infrastructure businesses, including Digital Realty Trust (NYSE:DLR), The Telx Group, and SoftLayer Technologies.
About Peak 10 and ViaWest
Peak 10 + ViaWest is a powerful combination that helps organizations optimize their journey of IT transformation while simultaneously balancing cost, scalability, compliance and security. Its 4,200 customers trust it to deliver hybrid IT infrastructure solutions spanning colocation, interconnection, cloud, managed solutions and professional services. Peak 10 + ViaWest’s robust suite of assets span 20 domestic and international markets and is comprised of 40 highly-redundant data centers, 2.7 million square feet of data center space, 13 cloud nodes and more than 10,000 cross connects. These capabilities, coupled with over 1,000 dedicated employees, underlie the steadfast reliability of its solutions. For more information on Peak 10, please visit www.peak10.com. For more information on ViaWest, please visit www.viawest.com.
About GI Partners
GI Partners is a leading private investment firm based in San Francisco. The firm has raised $16 billion in capital through private equity and real estate strategies from recognized institutional investors across the globe. GI Partners’ private equity team is active in several sectors, including IT Infrastructure, Healthcare, Software, and Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.