GW Equity, which provides advisory services to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, on Monday announced the sale of its client Carpathia Hosting Inc. to private equity investor Spire Capital Partners LP.
The value of the deal was not disclosed.
Ashburn, Virginia-based Carpathia Hosting provides information technology application hosting solutions, including servers, firewall/load balancing, bandwidth, backup facilities collocation and remote monitoring.
GW Equity said it received interest from numerous parties, but recommended focusing on Spire.
"We are excited to have Carpathia as part of the Spire portfolio," said Sean White of Spire Capital Partners. "We are looking forward to continuing to aggressively grow the company."
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