PROVIDENCE, RI – DH Capital, a division of Citizens, announced today that it served as the exclusive financial advisor to Hivelocity on its sale to Colohouse, a portfolio company of Valterra Partners. The acquisition of Hivelocity brings highly automated bare metal hosting and network services to Colohouse’s well-established suite of hybrid cloud product offerings. The bare metal hosting capability allows end users to access an isolated physical server environment that can be separately configured and managed for applications that require high availability and consume significant server resources.
Founder-owned and -operated, Hivelocity is an automated bare metal cloud computing provider based in Tampa, FL. Since 2002, Hivelocity has delivered strong organic growth rates, coupled with select acquisitions, supporting more than 10,000 active servers globally.
“The team at DH Capital lived up to its reputation as the leading advisor in digital infrastructure M&A, including bare metal and cloud computing transactions,” said Mike Architetto, CEO of Hivelocity. “The team’s deep expertise in the sector and tremendous deal experience stand out, helping lead Hivelocity to a great outcome.”
DH Capital is the digital infrastructure advisory division within Citizens M&A Advisory. Since 2017, DH Capital has closed more than $44 billion of M&A transactions in the digital infrastructure, cloud and managed services sector.
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, LLC., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.0 billion in assets as of December 31, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Faceb
