Summit, a Leading Cloud Hosting Provider, Significantly Expands Service Offerings with Acquisition of Deft
Summary
The acquisition brings together two high-growth, innovative companies that are providing award-winning colocation, cloud, and network services. “This is more than an acquisition; it’s a fusion of strengths.” Deft co-founders and principals Jordan Lowe, Daniel Brosk and Eric Dynowski will join the Summit leadership team and retain a significant ownership stake in the business. For more than 24 years, Deft has provided award-winning colocation, cloud, and network services in top data centers worldwide. Founded in 2005 and based in Evanston, IL, Silver Oak is a lower middle market private equity firm focused on making investments in business, healthcare, and consumer services sectors. Since inception, Silver Oak has raised $1.1 billion of capital across four funds and has executed more than 25 platform investments and 100 add-on acquisitions.