McCarthy Capital Corporation has recently purchased Frontier Capital’s interest in Peak 10, Inc., a leading regional provider of data center infrastructure and managed services. Seaport Capital remains the majority shareholder in Peak 10. Terms of the deal were not disclosed.
"We are pleased to partner with the management of Peak 10 and Seaport Capital in this growing and well-positioned business," said Patrick Duffy, a partner at McCarthy Capital. "We believe Peak 10’s people and breadth of service offerings provide substantial opportunities for growth."
"McCarthy has a proven track record of engaging and supporting their portfolio companies’ management teams," said David Jones, President and CEO of Peak 10. "We look forward to a continuation of the strong board relationship that has contributed to our strategic success."
Peak 10 owns and operates data centers in nine key markets that include Cincinnati, Ohio; Atlanta, Ga.; Raleigh and Charlotte, N.C.; Tampa and Jacksonville, Fla.; Nashville, Tenn.; Louisville, Ky.; and Richmond, Va.
McCarthy Capital manages $500 million in private equity assets and capital commitments. It typically invests from $10 million to $50 million in companies where management "has material capital at risk."