DH Capital Advises XIOLINK On Sale To Cosentry
NEW YORK, NY and BOULDER, CO – January 8, 2014 – DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet infrastructure, communications and SaaS sectors, is pleased to announce that it served as exclusive financial advisor to XIOLINK, LLC (“XIOLINK”), a premier provider of managed infrastructure, managed hosting, colocation, and private cloud computing solutions on its sale to Cosentry, Inc. (“Cosentry”), a provider of data center services throughout the Midwest region. The transaction closed on December 31, 2013.
“DH Capital’s hard work and advice was crucial in completing this transaction. We recognized the importance of partnering with an investment banking team that truly knows the sector,” said Brad Pittenger, Co-founder and CEO of XIOLINK. Mike Palmer, Co-founder and CTO added, “DH Capital did a terrific job advising our company over the years, culminating with this transaction. It was very important to us that our customers and employees are in excellent hands with a quality company like Cosentry.
“Brad, Mike and the XIOLINK team did a wonderful job building the leading managed services and colocation provider in St. Louis. We are delighted to have assisted XIOLINK in this transaction,” said Dean Mann, Partner of DH Capital. “With this strategic acquisition, Cosentry is poised to continue its strong growth throughout the Midwest.”
About XIOLINK, LLC
Founded in 1999, XIOLINK has emerged as the premier provider of managed infrastructure, managed hosting, colocation, and private cloud computing solutions for midmarket and enterprise clients worldwide. XIOLINK owns and operates four enterprise-class datacenter facilities that offer a full array of premium datacenter and support services, designed to provide customers with maximum performance, reliability, and security.
About DH Capital, LLC
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed more than 108 M&A transactions and private capital placements totaling more than $9.1 billion in value.
For more information on DH Capital, visit their website at www.dhcapital.com.
About Cosentry, Inc.
Cosentry is the trusted leader in Midwest Data Center Services, providing solutions that allow our clients to focus on their core business. Our customers can feel confident, knowing their IT Infrastructure is operating at the highest level of reliability, performance, and security. Cosentry has over a decade of experience providing data center services including Colocation, Cloud, Managed Hosting, and Managed Services. We operate as our client’s local business partner, taking the time to truly understand their business while tailoring our solutions to meet each client’s unique business and technical requirements. Whether virtualizing, consolidating, optimizing, or fully outsourcing data center and IT infrastructure, businesses can rely on Cosentry for help with resilient and versatile solutions.