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Turn/River Capital to Acquire SolarWinds for $4.4 Billion

2/7/2025

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Summary

Story summary

Turn/River Capital is set to acquire SolarWinds Corp. for a staggering $4.4 billion, providing shareholders with $18.50 per share in an all-cash deal. This strategic move, greenlit by the board, will transition the Austin-based IT management firm to private ownership by Q2 2025, following its tumultuous past marked by a major cyberattack in 2020.

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Story summary

Turn/River Capital is set to acquire SolarWinds Corp. for a staggering $4.4 billion, providing shareholders with $18.50 per share in an all-cash deal. This strategic move, greenlit by the board, will transition the Austin-based IT management firm to private ownership by Q2 2025, following its tumultuous past marked by a major cyberattack in 2020.