Subjects: TNM, VEN
Colohouse Strengthens Portfolio with Acquisition of Hivelocity
The Acquisition of Hivelocity elevates the company's service offerings, addressing customer demand with enhanced automation capabilities
TAMPA, Fla., April 2, 2024 /PRNewswire/ -- Colohouse, a portfolio company of Valterra Partners and a leading player in the colocation, cloud, hosting, and network services sector, has announced the successful acquisition of Hivelocity, the leading provider of bare metal hosting. This strategic move combines the portfolio of two well-established providers with a focus on cloud and bare metal services to meet growing market demand.
"Our acquisition of Hivelocity is a strategic move to enhance our capabilities and reinforce our commitment to delivering top-tier IT infrastructure services," said Jeremy Pease, CEO at Colohouse. "Together, Colohouse and Hivelocity create a unique, next-generation provider that places the customer's needs and success at the forefront, providing them with the connectivity and computing power required to deploy and manage modern applications and data."
"Our mission at Hivelocity is to create a company with a singular focus on simplifying hosting with an exceptional customer experience. We have continuously excelled at our mission, grown our customer base and kept up with their demands, which led us from a single rack of servers to operating 40+ world-class data centers on 6 continents," says Mike Architetto, CEO of Hivelocity. "Combined with Colohouse, Hivelocity can accelerate its capabilities and continue its legacy of simplifying IT for its customers."
Key Benefits of Colohouse's acquisition of Hivelocity:
- Full-service hybrid cloud product offering. The acquisition bolsters Colohouse's infrastructure and existing hosting services with Hivelocity's robust bare metal servers, network automation, and virtual private cloud solutions. Combined, the company can address the demand for a more comprehensive range of solutions for applications and data that require more computing power and connectivity options as customers seek to optimize cost, performance and security.
- Automation and self-service capabilities across private infrastructure. As a next-generation service provider, the combined company will enable rapid deployment and scalability of private compute and connectivity resources across dozens of domestic and international locations. This platform enables and integrates modern capabilities including developer tools, APIs, and SDN.
- Top tier talent helping customers succeed. The acquisition is founded on a shared commitment to focus on our customer's needs and success. The most impactful solutions provide automation when wanted and expertise when needed. With decades of experience as a service provider, the combined teams are committed to exceptional customer service.
As businesses increasingly rely on advanced IT infrastructure to drive growth, the acquisition of Hivelocity by Colohouse sets the stage for the most comprehensive and mature suite of hosted infrastructure paired with expertise, resources, and innovation capabilities. In addition to integrating existing services, the combined entities will launch a new private cloud offering in early Q3 of 2024 which is specifically designed for enterprise virtualization environments to optimize for workloads with complex applications, architectures, scalability, and security requirements.
With the acquisition of Hivelocity, Colohouse has now completed seven acquisitions since 2021 backed by continued support and investment from Valterra Partners, LLC ("Valterra Partners"). As part of the transaction, William LaPerch will be joining the Board of Directors.
DH Capital, a Division of Citizens, served as financial advisor and Gunster served as legal advisor to Hivelocity.
Kevin Reed, Managing Director of Valterra Partners, added, "The combination of Colohouse and Hivelocity is the result of a multiyear strategy to acquire and develop a differentiated data center and hybrid cloud provider that provides a platform of significant scale within a high growth market. The combined business provides a talented executive team, completes strategic offerings and expands capacities across a substantial geographic footprint that will support substantial growth."
To learn more about Colohouse, please visit https://colohouse.com/.
About Colohouse
Colohouse provides a digital foundation that connects our customers with impactful technology solutions and services. Our managed data center and cloud infrastructure, paired with key edge locations and reliable connectivity, allow our customers to confidently scale their applications and data while optimizing for cost, performance, and security. To learn more about Colohouse, please visit: https://colohouse.com/.
About Hivelocity
With over 21 years in business, Hivelocity is a privately held company that delivers bare metal dedicated servers, VPS hosting, and colocation solutions. With 40+ international locations across 6 continents, Hivelocity has the most locations in the industry. Since 2002, we have built our foundation around a world class network, 24/7 U.S.- based customer service, and enterprise-grade security. To learn more about Hivelocity, visit https://www.hivelocity.net.
About Valterra Partners
Founded in 2015, Valterra Partners is an infrastructure private equity firm providing capital to US-based, forward-facing infrastructure businesses. Valterra focuses on companies that operate adjacent to traditional core infrastructure assets with similarly defensible demand profiles. Valterra Partners is an investment adviser registered with the Securities and Exchange Commission ("SEC"). To learn more about Valterra Partners, visit https://www.valterrapartners.com/.
SOURCE Hivelocity
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