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GI Partners Portfolio Company Peak 10 Completes $1.675 Billion Acquisition of ViaWestSAN FRANCISCO, Aug. 2, 2017 /PRNewswire/ -- 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, The Telx Group, and SoftLayer Technologies. About Peak 10 and ViaWest About GI Partners
View original content:http://www.prnewswire.com/news-releases/gi-partners-portfolio-company-peak-10-completes-1675-billion-acquisition-of-viawest-300497753.html SOURCE GI Partners |