US EditionH.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"
- An H.I.G. Capital affiliate acquired Converge Technology Solutions and merged it with Mainline Information Systems, rebranding the combined company Pellera Technologies on April 22, 2025.
- This action combined Converge with Mainline, an existing company within the H.I.G. Portfolio.
- The new entity, headquartered in Tallahassee, Florida, offers expertise in areas including cybersecurity, cloud, and AI.
- Pellera generated approximately $4 billion in revenue in 2024, and Greg Berard stated, "We're combining the bold vision."
- The company aims to become a premier technology partner and accelerate investments in strategic IT areas.
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H.I.G. Capital Completes Acquisition of Converge Technology Solutions and Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"
TORONTO, ON and GATINEAU, QC, April 22, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge") (TSX:CTS) (FSE:0ZB) (OTCQX: CTSDF) is pleased to announce the successful completion of the previously announced acquisition of all of its issued and outstanding common shares…
Montana Standard
H.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"
SAN FRANCISCO, April 22, 2025 /PRNewswire/ -- H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $69 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Converge Technology Solutions…
H.I.G. Capital Completes Acquisition of Converge Technology Solutions and Merger of Converge Technology Solutions and Mainline Information Systems to Form “Pellera Technologies”
APRIL 22, 2025 – TORONTO, ONTARIO, CANADA and GATINEAU, QUÉBEC, CANADA – – Converge Technology Solutions Corp. (“Converge”) (TSX:CTS) (FSE:0ZB) (OTCQX: CTSDF) is pleased to announce the successful completion of the previously announced acquisition of all of its issued and outstanding common shares by an affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $69 billion of capital under management. In connectio…
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