I'm the SolarWinds CEO. Here's Why a $4.4 Billion Move to Go Private Was Right for Us

SolarWinds recently completed a $4.4 billion transaction to take the company private with Turn/River Capital. The move, finalized in early 2026, came after a strategic and disciplined negotiation process. The company's CEO outlined the rationale behind the deal and the key considerations that led to its success.

The decision to go private was shaped by a shift in market conditions over the past two years. M&A activity slowed, and IPO valuations cooled, creating an environment where private equity ownership became more attractive. The CEO emphasized the importance of finding a partner aligned with long-term goals and a disciplined execution model.

Leadership at SolarWinds believed the move would allow for more strategic flexibility and long-term planning. By going private, the company could focus on innovation and customer success without the pressures of public market expectations. The CEO noted that credibility and restraint played a vital role in the negotiation process.

Why Did This Happen?

The decision to take SolarWinds private followed a multi-year strategy focused on growth and execution. The CEO and board were aligned on the need for a partner who understood the company's vision and could support its long-term trajectory. This clarity helped build trust with Turn/River Capital and contributed to a successful outcome.

Negotiations were approached with a focus on transparency and mutual understanding. The CEO highlighted that acknowledging imperfections and areas for improvement helped build credibility. This approach made it easier for the buyer to see potential and align on the necessary actions to unlock value.

How Was the Deal Executed?

The negotiation process was described as a marathon, with long hours and high stakes. The CEO emphasized the need for stamina and balance, particularly in handling compressed timelines and unpredictable schedules. Remaining sharp and prepared was critical to making sound decisions.

Composure also played a strategic role. The CEO noted that staying calm and focused during intense discussions helped maintain a sense of purpose and alignment. Asking questions like 'What problem am I trying to solve?' helped keep emotions in check and decisions grounded in logic.

What Comes Next for SolarWinds?

The CEO stressed that the success of the deal would depend on the post-acquisition phase. Both parties must continue to work with mutual respect and a shared vision. Growth is expected to be gradual, but the long-term rewards justify the effort. The CEO believes the company is well-positioned to execute on its strategy in the private equity environment.

The move to private ownership is seen as a strategic milestone rather than a final destination. The CEO hopes that the experience can serve as a model for other leaders navigating high-stakes transactions. Discipline, alignment, and a focus on long-term value were central to the process.