You can view more details about the take over of site5 and verio by EIG at http://www.marketwatch.com/story/endurance-international-group-reports-2015-second-quarter-results-2015-08-04 Now we have to wait and see if the customers of site5 will be affected like those of hostgator and Arvixe. Only time will tell.
Continue doing backups and when you are not satisfied with provided service, switch Your provider. Its simple.
I am with a host that was purchased by EIG 3 years ago. They are still great, no changes. But then, I'm not with an "unlimited" host and so I have never been affected by server overloading which tends to be one of the more common complaints I read about. http://www.marketwatch.com/story/en...eports-2015-second-quarter-results-2015-08-04 Sad fact is that any web host owner will sell out if he or she has enough cash waved in front of their face.