Wednesday, October 20, 2021


Summit Internet hosting Broadcasts Recapitalization with Silver Oak Providers Companions | State Information

ALPHARETTA, Ga., Oct. 20, 2021 /PRNewswire/ — Summit Internet hosting (“Summit”) introduced it has partnered with Silver Oak Providers Companions…

By Staff , in Silver , at October 20, 2021


ALPHARETTA, Ga., Oct. 20, 2021 /PRNewswire/ — Summit Internet hosting (“Summit”) introduced it has partnered with Silver Oak Providers Companions (“Silver Oak”) in a recapitalization of the enterprise. Silver Oak is a number one decrease center market non-public fairness agency centered completely on service companies.

Based in 2006 and headquartered in Alpharetta, GA, Summit is a supplier of devoted cloud internet hosting companies for accounting and different enterprise software program functions for small and medium-sized companies. Summit serves over 30,000 finish customers throughout a wide range of finish markets all through the U.S. and Canada. 

Summit’s senior administration crew invested alongside Silver Oak within the transaction. The present administration crew will proceed of their present roles with Summit and retain a major possession stake within the enterprise going ahead.

“Our crew is happy to accomplice with Silver Oak to execute upon our long-term development technique whereas persevering with to supply high-quality service to our prospects. Silver Oak’s extra capital, sources, and experience in scaling companies will assist facilitate the subsequent chapter of development for Summit,” stated Stan Kania, CEO of Summit Internet hosting. Warren Patterson, COO of Summit Internet hosting, added, “The Summit crew is thrilled to accomplice alongside Silver Oak and construct upon our present momentum within the monetary and ERP internet hosting trade. Companies proceed to maneuver from on-prem servers to redundant, managed, and safe cloud environments. Summit Internet hosting continues to outline itself because the premier supplier for cloud-based internet hosting.”

Silver Oak was initially drawn to the sector because the elevated adoption of cloud infrastructure by small and medium-sized companies is anticipated to drive robust continued demand for managed cloud options. Wade Glisson, Companion at Silver Oak, stated, “Summit has developed a powerful fame as a high-quality supplier of managed cloud options and is nicely positioned to capitalize on the trade tailwinds inside cloud infrastructure. We’re excited to accomplice with such an skilled crew within the area.”



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About Summit Internet hosting: Summit Internet hosting is a number one cloud internet hosting supplier for accounting and different enterprise software program functions, together with QuickBooks, Sage, and SAP Packages in North America. Since 2006, we have now been providing top-tier internet hosting platforms for purchasers worldwide, with over 8,000 servers and 30,000 end-users working in our environments. We delight ourselves on giving our prospects each device they should make their day-to-day extra manageable and permit their enterprise to develop.

About Silver Oak Providers Companions: Based in 2005 and primarily based in Evanston, IL, Silver Oak is a number one decrease center market non-public fairness agency centered completely on service companies. Silver Oak invests in enterprise, healthcare, and shopper companies corporations within the decrease center market, usually with EBITDA of $4 million to $25 million.



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