After shareholders voted to approve the deal at a special meeting Wednesday, affiliates of Siris Capital Group LLC completed the acquisition of Web.com Group Inc. Thursday morning.
The Jacksonville-based company, which provides website and marketing services for small businesses, will continue operating under the Web.com name as a private company.
Web.com confirmed Thursday that David Brown is continuing as president and CEO under the new ownership. Brown had previously said he didn’t want to discuss his post-merger role until the deal was completed.
Siris paid $28 per Web.com share to buy the company, a total of $1.47 billion. With the assumption of debt, the total value of the deal was about $2 billion.
