One Equity Partners completed the acquisition of Liquid Web.

One Equity Partners, a middle market private equity firm, completed the acquisition of Liquid Web, a cloud services provider. Financial terms were not disclosed. “CloudOne Digital sits at the intersection of multiple favorable industry trends including the increasing complexity of enterprise IT, continued growth of e-commerce, demand for off-premise servers and storage and the growing need for multi-cloud models. This is the first step in an aggressive expansion strategy we have planned for CloudOne Digital, applying OEP’s transformational acquisition strategy to combine and integrate complementary businesses in the multi-cloud infrastructure segment,” Carlo Padovano, One Equity Partners Managing Director.