Xand Corporation, a provider of hosting services has been sold to a management team led by David Struwas and backed by ABRY Partners. DH Capital, an investment banking firm serving companies in the Internet infrastructure and communications sectors acted as financial advisor.
DH Capital, LLC (“DH Capital”) an investment banking firm serving companies in the Internet infrastructure and communications sectors, is pleased to announce it served as exclusive financial advisor to Xand Corporation (“Xand”), a leading provider of hosting services, on its sale to a management team led by David Struwas and backed by ABRY Partners.
“I am extremely grateful to the DH Capital team for their guidance from start to finish and their efforts in bringing this transaction to a successful conclusion,” said Lee Weinstein, CEO of Xand.
“We are pleased to have assisted Xand in completing this exciting transaction. Lee has built a fabulous company which will continue to provide market leading services to its clients under the leadership of David Struwas,” said Peter Hopper, CEO of DH Capital.
DH Capital has long served as a trusted advisor to Internet infrastructure and communications companies, providing M&A advisory and private capital placements. DH Capital maintains the largest dedicated team of professionals covering the managed hosting and data center sectors and has advised companies on 38 transactions with a combined value in excess of $2.3 billion.
Founded in 1990, Xand is a highly resilient facilities-based provider of data center infrastructure, collocation, private cloud and business continuity services. Xand specializes in complete, end-to-end solutions including application and server hosting, data storage, systems engineering, network operations, Internet connectivity, and business continuity workspace. Its pristine, state-of-the-art Data Center is headquartered in Westchester County, NY, 30 miles north of NYC. Xand supplies and maintains the best-in-class infrastructure, engineering expertise, and customer service needed to deliver superior performance, availability and security for mission-critical business solutions.