Deft, a comprehensive supplier of data center and managed cloud services, was bought by Summit, a major provider of virtual servers and cloud-based application hosting in the United States and Canada. By merging Deft’s data center and network services portfolio with Summit’s experience in cloud hosting, the merged company says it can better serve a wide range of clients as their demands for operational support and IT infrastructure change. Deft is known in the LowEndBox/LowEndTalk community as a leading datacenter provider in the Chicago-area, and is utilized by a number of leading hosts in the LowEndBox sphere, including RackNerd, ColoCrossing, and others.
Deft was formerly called ServerCentral Turing Group (SCTG). As a managed service provider for cloud services, networks, and data centers, the company completed a comprehensive rebranding project including a name change in the summer of 2020. According to Deft itself, the name change was reflecting Deft’s dedication to providing personal touch to each client experience and helping its clients with its key business areas, which included managed services, cloud consulting, public, private, and hybrid cloud services, and data center services. Financial terms of the acquisition by Summit were not disclosed.
“Together, Deft and Summit share a unified vision for the future of IT services – a future where innovation, security, and customer-centric solutions lead the way,” said Summit CEO Warren Patterson. “This is a fusion of strengths, not just an acquisition.”
“There’s no secret plan to alter Deft’s operational procedures,” added Mr. Lowe. “Our customers now know and love our hands-on approach – it just has more hands.”
Summit, after the purchase of Deft, has achieved success in three acquisitions within the span of a year and a half, with all of them having the backing of Silver Oak Service Partners. Adding to its service suite in 2022, Summit confirmed the acquisitions of Tech Commandos and Handy Networks from whom it garnered server hosting, application hosting, colocation, support for HIPAA compliance, backup, and disaster recovery facilities.
Jordan Lowe, Daniel Brosk, and Eric Dynowski will retain substantial ownership shares in Deft while becoming integral members of the Summit leadership team. Mr. Lowe, along with Mr. Brosk and Mr. Dynowski, will play a vital role in ensuring Deft customers experience a seamless transition when moving to Summit. Furthermore, Jordan Lowe will earn a spot on the Summit Board of Directors.
Silver Oak, a private equity firm operating in the lower middle market and located in Evanston, Illinois, focuses its investments on business, consumer services, and healthcare sectors. In its history, Silver Oak has completed over 25 platform investments and 100 supplementary acquisitions, generating $1.1 billion across four funds. Currently, Silver Oak‘s fourth fund is responsible for $500 million in investments.
“We are thrilled about our partnership with the leadership teams of both Summit and Deft and fully support this amalgamation of two expert teams,” says Silver Oak Partner Wade Glisson. “The unique platform that will be created by merging their best practices will definitely accelerate their expansion.”
LowEndBox is a go-to resource for those seeking budget-friendly hosting solutions. This editorial focuses on syndicated news articles, delivering timely information and insights about web hosting, technology, and internet services that cater specifically to the LowEndBox community. With a wide range of topics covered, it serves as a comprehensive source of up-to-date content, helping users stay informed about the rapidly changing landscape of affordable hosting solutions.
Related Posts:
Leave a Reply