Summit Hosting Announces Recapitalization with Silver Oak Services Partners

Published: Oct. 20, 2021 at 12:00 PM EDT|Updated: 12 minutes ago

ALPHARETTA, Ga., Oct. 20, 2021 /PRNewswire/ — Summit Hosting (“Summit”) announced it has partnered with Silver Oak Services Partners (“Silver Oak”) in a recapitalization of the business. Silver Oak is a leading lower middle market private equity firm focused exclusively on service businesses.

Founded in 2006 and headquartered in Alpharetta, GA, Summit is a provider of dedicated cloud hosting services for accounting and other business software applications for small and medium-sized businesses. Summit serves over 30,000 end users across a variety of end markets throughout the U.S. and Canada.

Summit’s senior management team invested alongside Silver Oak in the transaction. The existing management…