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Completed Transactions > Business Services > Carpathia Hosting acquired by Spire Capital Partners

Carpathia Hosting acquired by Spire Capital Partners

Carpthia

Date

May 2008

Region

New York

Carpathia Hosting Carpathia Hosting provides information technology application hosting solutions, including servers, firewall/load balancing, bandwidth, backup facilities collocation and remote monitoring. Founded in 2000, Spire Capital Partners is a private equity group with approximately $600 million in assets under management across a broad range of business services. Carpathia Hosting retained Generational Equity to provide business valuation and exit planning services when its owners decided to pursue other business ventures.

"Generational Equity helped us market the company and maximize on the potential wealth in our rapidly growing business," said Rick Smith, CEO of Carpathia Hosting. "Spire has excellent resources to continue expanding Carpathia and capitalize on our success." Spire Capital Partners was interested in acquiring a company in this sector and was working with an established management team to acquire the company. "We are excited to have Carpathia as part of the Spire portfolio," said Sean C. White of Spire Capital Partners. "We are looking forward to continuing to aggressively grow the company." "The deal between Carpathia and Spire Capital reflects Generational Equity's strong track record of providing valuable advice, securing competitive offers and closing deals on behalf of our clients," said Generational Equity President Ryan Binkley.

Generational Equity received interest from numerous parties, but recommended focusing on Spire. "We felt that Spire was well suited to acquire Carpathia because of the strong management team ready to take over," said Steve Heimstead, Generational Equity's lead managing director for the transaction. "Our team worked very hard to create a deal that would benefit everyone involved and ultimately we were very successful in doing this." About Spire Capital Partners LP. Founded in 2000, Spire Capital is an active and experienced private equity firm with an investment focus in companies within the business services, information services, media and communications sectors.

Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies to grow and succeed. Spire Capital currently has approximately $600 million in assets under management across two funds.

For more information, visit www.spirecapital.com

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