H.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"
H.I.G. Capital has completed the acquisition of Converge Technology Solutions (OTCQX: CTSDF) and merged it with Mainline Information Systems to form Pellera Technologies. The combined entity generated approximately $4 billion in revenue in 2024 and will focus on delivering IT solutions in cybersecurity, cloud, digital infrastructure, and AI.
Headquartered in Tallahassee, Florida, Pellera will be led by former Converge CEO Greg Berard as CEO, while Mainline's Jeff Dobbelaere will serve as President and COO. The merger aims to enhance IT solutions delivery and accelerate growth in strategic technology areas, backed by H.I.G.'s $69 billion capital management portfolio.
H.I.G. Capital ha completato l'acquisizione di Converge Technology Solutions (OTCQX: CTSDF) e l'ha fusa con Mainline Information Systems per creare Pellera Technologies. La nuova realtà ha generato circa 4 miliardi di dollari di ricavi nel 2024 e si concentrerà sulla fornitura di soluzioni IT in ambito cybersecurity, cloud, infrastrutture digitali e intelligenza artificiale.
Con sede a Tallahassee, Florida, Pellera sarà guidata dall’ex CEO di Converge, Greg Berard, nel ruolo di CEO, mentre Jeff Dobbelaere di Mainline assumerà la carica di Presidente e COO. La fusione mira a migliorare la fornitura di soluzioni IT e ad accelerare la crescita in aree tecnologiche strategiche, supportata dal portafoglio di gestione capitale da 69 miliardi di dollari di H.I.G.
H.I.G. Capital ha completado la adquisición de Converge Technology Solutions (OTCQX: CTSDF) y la ha fusionado con Mainline Information Systems para formar Pellera Technologies. La entidad combinada generó aproximadamente 4 mil millones de dólares en ingresos en 2024 y se enfocará en ofrecer soluciones IT en ciberseguridad, nube, infraestructura digital e inteligencia artificial.
Con sede en Tallahassee, Florida, Pellera estará dirigida por el ex CEO de Converge, Greg Berard, como CEO, mientras que Jeff Dobbelaere de Mainline será Presidente y COO. La fusión busca mejorar la entrega de soluciones IT y acelerar el crecimiento en áreas tecnológicas estratégicas, respaldada por la cartera de gestión de capital de 69 mil millones de dólares de H.I.G.
H.I.G. Capital는 Converge Technology Solutions (OTCQX: CTSDF)를 인수하고 이를 Mainline Information Systems와 합병하여 Pellera Technologies를 설립했습니다. 합병된 기업은 2024년에 약 40억 달러의 매출을 기록했으며, 사이버보안, 클라우드, 디지털 인프라, 인공지능 분야의 IT 솔루션 제공에 집중할 예정입니다.
본사는 플로리다주 탈라해시에 위치하며, Pellera는 전 Converge CEO인 Greg Berard가 CEO로, Mainline의 Jeff Dobbelaere가 사장 겸 COO로 이끌 예정입니다. 이번 합병은 IT 솔루션 제공을 강화하고 전략적 기술 분야에서 성장을 가속화하는 것을 목표로 하며, H.I.G.의 690억 달러 규모 자본 관리 포트폴리오의 지원을 받습니다.
H.I.G. Capital a finalisé l’acquisition de Converge Technology Solutions (OTCQX : CTSDF) et l’a fusionnée avec Mainline Information Systems pour créer Pellera Technologies. L’entité combinée a généré environ 4 milliards de dollars de chiffre d’affaires en 2024 et se concentrera sur la fourniture de solutions IT dans les domaines de la cybersécurité, du cloud, des infrastructures numériques et de l’intelligence artificielle.
Basée à Tallahassee, en Floride, Pellera sera dirigée par l’ancien PDG de Converge, Greg Berard, en tant que CEO, tandis que Jeff Dobbelaere de Mainline occupera les fonctions de président et COO. Cette fusion vise à renforcer la prestation de solutions IT et à accélérer la croissance dans les secteurs technologiques stratégiques, soutenue par le portefeuille de gestion de capital de 69 milliards de dollars de H.I.G.
H.I.G. Capital hat die Übernahme von Converge Technology Solutions (OTCQX: CTSDF) abgeschlossen und diese mit Mainline Information Systems zur Pellera Technologies fusioniert. Das kombinierte Unternehmen erzielte im Jahr 2024 einen Umsatz von etwa 4 Milliarden US-Dollar und wird sich auf IT-Lösungen in den Bereichen Cybersicherheit, Cloud, digitale Infrastruktur und KI konzentrieren.
Der Hauptsitz von Pellera befindet sich in Tallahassee, Florida. Das Unternehmen wird von Greg Berard, dem ehemaligen CEO von Converge, als CEO geführt, während Jeff Dobbelaere von Mainline als Präsident und COO fungiert. Die Fusion zielt darauf ab, die Bereitstellung von IT-Lösungen zu verbessern und das Wachstum in strategischen Technologiebereichen zu beschleunigen, unterstützt durch das Kapitalverwaltungsportfolio von H.I.G. in Höhe von 69 Milliarden US-Dollar.
- Creation of a $4 billion revenue technology solutions provider
- Enhanced service offerings in high-growth areas: cybersecurity, cloud, AI
- Backed by H.I.G. Capital's $69 billion investment portfolio
- Strengthened partnerships and broader solution access for clients
- None.
Pellera stands at the forefront of delivering innovative IT solutions to enterprise and mid-market clients. The company's deep technical expertise, strategic focus, and collaborative approach have enabled their customers to achieve impactful business outcomes through the power of technology. Pro forma for the combination, Pellera generated approximately
Headquartered in
Greg Berard, Chief Executive Officer of Pellera, said: "We're combining the bold vision, unmatched talent, innovative solutions, and trusted partnerships of Mainline and Converge to deliver differentiated value and elevate the customer experience. With H.I.G.'s support, we're accelerating investments in areas like AI, cybersecurity, hybrid cloud, app modernization, data, and managed services, with the goal of becoming the provider of choice for comprehensive technology solutions."
Jeff Dobbelaere, President and Chief Operating Officer of Pellera, said: "We are thrilled to join forces as we enter the next phase in our growth journey. Together, we have stronger relationships with our industry-leading partners, unlocking greater access and broader solutions for our clients. The business is poised to create more growth opportunities for our employees and enhance the value we deliver as dedicated partners on our customers' teams. We will continue to innovate, bring creative solutions, and generate an enduring transfer of expertise in every engagement."
Aaron Tolson, Managing Director at H.I.G., added: "We are excited to integrate two trusted and complementary IT solutions partners to boost service offerings and accelerate growth in complex and strategic IT areas. The combined business offers enhanced IT solutions and services that will enable customers to continue reaching the next level. As part of the H.I.G. portfolio, Pellera is well-positioned to capitalize on emerging technology trends and expand its leadership within the IT market."
H.I.G. was advised by Guggenheim Securities, LLC, J.P. Morgan Securities, LLC, Lazard Frères & Co. LLC, BMO Capital Markets, Stikeman Elliott LLP and Weil, Gotshal & Manges LLP. Houlihan Lokey Capital was engaged as financial advisor to the special committee of independent directors, and Origin Merchant Partners was engaged as an independent financial advisor and provided a fairness opinion to the special committee.
About Pellera Technologies
Pellera Technologies is where innovation powers progress. Through the combined expertise of Converge Technology Solutions and Mainline Information Systems, we deliver unparalleled IT solutions that drive momentum for enterprise clients worldwide. Our comprehensive suite of digital infrastructure, hybrid cloud, cybersecurity, and artificial intelligence solutions transforms challenges into opportunities and shapes a future where businesses can thrive. Guided by our AIM (Advise, Implement, Manage) methodology, we ensure solutions are tailored to your specific needs, aligning seamlessly with existing systems to drive success without complexity. At Pellera, we don't just keep you moving forward, we help you scale without limits.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with
- H.I.G.'s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.'s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets.
- H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.'s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of
*Based on total capital raised by H.I.G. Capital and affiliates.
Contact:
Aaron Tolson
Managing Director
atolson@hig.com
Arjun Mohan
Managing Director
amohan@hig.com
Hamza Usmani
Managing Director
husmani@hig.com
H.I.G. Capital
One Sansome Street
37th Floor
P: 415.439.5500
hig.com
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SOURCE H.I.G. Capital
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