Clearlake Capital Group LP has acquired Endurance International Group Holdings Inc. in an all-cash transaction valued at approximately $3.0 billion including outstanding indebtedness.

In partnership with Siris Capital Group LLC, Clearlake also announced the formation of Newfold Digital through the combination of Endurance Web Presence and Group Inc.  Newfold Digital will be led by Web CEO and President Sharon Rowlands and Web CFO Christina Clohecy.

“This combination creates an industry leader with tremendous scale and a strong portfolio of marquee brands and product offerings that furthers our commitment to helping SMBs establish themselves online,” said Sharon Rowlands, CEO of Newfold Digital.  “We are excited to join forces with the Endurance Web Presence team and want to thank Clearlake and Siris for their continued support as we deliver the highest quality solutions for our customers in pursuit of profitable growth.”