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ViaWest Sale to Shaw Communications Closes
SAN FRANCISCO, CA, September 2, 2014 – GI Partners, a leading middle market private equity firm, today announced the completion of the sale of ViaWest, Inc., a provider of data center infrastructure, cloud technology, and managed IT solutions, to Shaw Communications, Inc. (NYSE: SJR) for an enterprise value of $1.2 billion.
GI Partners made its investment in ViaWest in partnership with Oak Hill Capital Partners in 2010.
“We are pleased with this successful investment and want to thank the ViaWest management team, led by co-founder and Chief Executive Officer Nancy Phillips, for its tireless execution of the company’s growth strategy,” said David Mace, Director of GI Partners. “IT infrastructure & services is an attractive industry, and we will continue to seek opportunities to work with market-leading management teams to build value for our investors.”
GI recently acquired IT infrastructure and cloud provider Peak 10, and has invested in seven other IT infrastructure businesses to date, including Digital Realty Trust (NYSE: DLR), The Telx Group, and SoftLayer Technologies.
ViaWest, Inc. is a leading colocation, cloud, and managed services provider in North America, with a comprehensive suite of fully compliant environments, including premium wholesale and retail colocation, private and public clouds and managed services. Enabling businesses to leverage both their existing IT infrastructure and emerging cloud resources, ViaWest delivers the right balance of cost, scalability and security. With a team-based account management approach and 100% uptime guarantee, ViaWest offers tailored solutions designed for maximum reliability and flexibility. For more information, please visit www.viawest.com.