NEW YORK, NY--(Marketwired - December 03, 2015) - DH Capital, LLC ("DH Capital"), an investment banking firm serving companies in the Internet Infrastructure, communications, and SaaS sectors, announced today that the company served as exclusive financial advisor to Appica, LLC ("Appica") on its sale to Immedion, LLC ("Immedion"). Appica is a Cincinnati-based managed services, cloud, and colocation provider with two data center facilities in the Cincinnati metropolitan area. The acquisition of Appica expands Immedion's geographical presence and adds additional technical expertise.
"The DH capital team, including Dean Mann and Adam Midkiff, provided Appica with tremendous expertise and guidance throughout this process," said Aaron Larkins, Founder and CEO of Appica. "DH expertly managed a well-run, competitive process, which created significant value for all parties involved. The process identified an excellent strategic acquirer of Appica who will continue to build upon our success and further create opportunities for our employees and customers."
"The Appica team did a terrific job building a leading data center and managed services provider in Cincinnati. We are pleased to have assisted Appica in this transaction," said Dean Mann, Partner of DH Capital. "With this strategic acquisition, Immedion expands into a new market and enhances its position in the marketplace."
DH Capital has long served as a trusted advisor and maintains the largest dedicated team of professionals covering the Internet infrastructure, communications, and SaaS sectors. DH Capital has advised companies on over 130 transactions with combined value in excess of $13.2 billion.
Greenberg Traurig, LLP served as Appica's legal advisor.
About Appica
Established in 2002 and located in the heart of Cincinnati, Appica operates multiple Cincinnati data centers and is a nationally trusted partner for IT expertise and cloud strategy needs. With customers worldwide, Appica helps companies replicate data, improve performance workflow, protect VMware infrastructure, and house critical applications both on and off premise. With an emphasis on reliability, Appica commits to deliver exceptional customer service and professional expertise.
About DH Capital
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed more than 130 M&A transactions and private capital placements totaling more than $13.2 billion in value.
About Immedion
Immedion's objective is to keep customer business-critical data and applications available 100% of the time 24x7x365. They accomplish this by coupling world-class data center facilities and a strategic array of managed services developed to deliver the highest degree of reliability at a very competitive price. Since
2007, Immedion provided its customers with fully redundant power, Internet bandwidth, cooling and humidity control to secure their IT infrastructure. Customers leverage Immedion's enterprise-class data centers and Cloud services to minimize critical computer system downtime caused by commercial power outages, Internet problems, or other system failures. Immedion is headquartered in Greenville, SC with additional data center facilities in Asheville, Columbia, Charleston and Rock Hill. For more information please visit www.immedion.com, or contact Immedion at 864.908.3000.
Contact Information:
Kelly Coyle