Hosted Solutions CEO Rich Lee says his company’s $140 million acquisition by ABRY Partners will allow it to expand into new markets and new services. “We’ve grown in a controlled, strategic manner,” Lee says. “We’ve doubled our revenue each year.” Which is why private equity firms are buying regional data center players. This video runs about 6 minutes.
For additional background and details, see our story about ABRY’s acquisition of Hosted Solutions, as well as the recent expansion of ABRY portfolio company CyrusOne, which has added a Dallas data center.