Private equity investment firm Cloud Equity Group has closed on the purchase of international web hosting provider ComfortHost. The acquisition includes a presence in four new geographic locations including Buffalo, Las Vegas, Orlando, and Barcelona. This brings the portfolio’s hosting infrastructure to a total of ten different data center locations internationally.
ComfortHost has been in business for over ten years and hosts more than fifteen thousand domains on its network. The company’s goal is to provide connectivity for its clients around the world with a personalized web hosting solution to meet the rising information technology demands of businesses. Cloud Equity Group plans to implement its scale and operational efficiencies in to ComfortHost, similar to its strategy for its prior investments in the hosting space. Financial terms of the acquisition where not disclosed.
“Cloud Equity Group continues to add attractive, functional assets to our hosting portfolio that are in strong performing markets,” said Sean Frank, managing partner and portfolio manager with Cloud Equity Group. “This new investment serves customers out of four key geographical markets that will allow us to enhance our global presence even further.”
Cloud Equity Group is a Wall Street based private equity and mezzanine debt firm strategically positioned to capitalize on the consolidating industries of web hosting and cloud-based infrastructure. The company’s primary focus is leveraging investor capital in the acquisition of private lower middle market companies that possess high levels of unlevered free cash flow and/or significant opportunity for exponential growth.