In this article, we’ll explain the details of how much Liquid Web was sold for, who is behind the sale, and what the future looks like for customers of the hosting provider. We’ll answer the question “how much did liquid web sell for?” as quickly and precisely as possible, so that readers can get the information they need.
What is the answer to “how much did Liquid Web sell for?”
Liquid Web, a managed cloud hosting provider that sells services to businesses, was acquired in April 2023 by One Equity Partners for $39 million. The company’s founder and CEO, Matthew Hill, will be stepping down as CEO as part of the acquisition. The Chicago-based investment firm Madison Dearborn provided expertise and resources to Liquid Web to support its global expansion, and is now a major shareholder in the company.
Why did Liquid Web sell for $39 million?
Liquid Web was acquired for $39 million for several reasons:
- Liquid Web is a fast-growing company that provides managed cloud hosting services to businesses.
- Madison Dearborn provided expertise and resources to Liquid Web to support its global expansion.
- Matthew Hill, the founder and CEO of Liquid Web, will be stepping down as CEO as part of the acquisition.
The acquisition of Liquid Web by One Equity Partners is part of a larger trend of consolidation in the IT and telecommunications industry. As the industry evolves, Liquid Web is positioned to benefit from the expertise and resources provided by Madison Dearborn and the capital provided by One Equity Partners to expand its services and better serve its customers.
What does the future look like for Liquid Web?
Liquid Web’s acquisition by One Equity Partners marks an important milestone in the company’s growth. With the expertise and resources provided by Madison Dearborn and the capital provided by One Equity Partners, Liquid Web is positioned to continue to provide world-class customer service and expand its services to meet the needs of its customers.
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What person or entity purchased Liquid Web?
On April 24, 2023, One Equity Partners took ownership of Liquid Web.
What is the amount of money that Liquid Web brings in?
Liquid Web brings in an annual income of $113.4M.