Overland Park-based Web-hosting company Codero Hosting announced Tuesday its sale to a group of regional telecom and broadband providers.
BLM Acquisition Corp. bought Codero from majority owner Catalyst Investors and other shareholders. Although the amount was not disclosed, the companies said the deal includes “a significant investment” in Codero’s growth.
Codero CEO Emil Sayegh will remain in that post.
BLM is described as a consortium of 32 regional telecom and broadband providers. Sayegh said in a release that the deal not only brings investment in Codero, but also partnerships with a wide range of telecom providers. The members of BLM will offer an expanded sales channel and access to their data centers.
Bill King, Leo Staurulakis and Manny Staurulakis are listed in a release as the founding shareholders of BLM. Manny Staurulakis is president and Leo Staurulakis executive vice president of John Staurulakis Inc., a Maryland-based company that provides financial and business services to independent telecommunications companies. King is president of JSI Capital Advisors LLC, which provides valuation and transaction services to telecom companies.
Codero offers a variety of hosting services, including dedicated, cloud, managed and hybrid hosting. The company has offices in Overland Park and Austin, Texas, and data centers in the Dallas/Fort Worth area, Phoenix and Ashburn, Va.