William Blair Co. served as the exclusive financial advisor to Donuts Inc. in the company’s recent acquisition by Abry Partners. Donuts is a domain name registry organization based in Kirkland, Washington and provides top-level domains (TLD) for websites. Abry Partners is a Boston-based private equity firm that invests in a number of industries, including communications, business and information service sectors.
Donuts Inc. was founded in 2010 by Paul Stahura, Jonathon Nevett, Richard Tindal, and Daniel Schindler, all veterans of the domain industry. Currently, it’s the largest new top-level domain name operator, with approximately 240 TLDs. Additionally, four million second-level domains are registered to use Donuts’ TLDs. Last year, Donuts acquired domain company, Rightside Group, as part of its growth strategy and it also owns Name.com, a retail domain name registrar.
Abry Partners was drawn to Donuts due to their positioning in the market. With the largest portfolio of new TLDs, an experienced and proven team and a track record of innovation in their industry, Donuts offers a unique opportunity for expansion into the technology sector for Abry. Since Abry’s founding in 1989, it has participated in more than $77 billion in transactions and has invested in over 650 properties.