H.I.G. Capital Successfully Merges Converge Technology and Mainline, Launching Pellera Technologies

H.I.G. Capital Completes Acquisition of Converge Technology Solutions

H.I.G. Capital has finalized its acquisition of Converge Technology Solutions Corp., a significant win for the global investment firm known for its extensive portfolio and robust management strategy. With the merger of Converge and Mainline Information Systems, the new entity has been rebranded as Pellera Technologies. This strategic alignment is expected to leverage the strengths of both companies, enhancing their position in the rapidly evolving IT solutions landscape.

Overview of the Merger

The acquisition not only consolidates the resources of Converge and Mainline but also aims to create a powerhouse capable of delivering advanced technology solutions to enterprise and mid-market clients. Together, the merged company, Pellera Technologies, is projected to generate approximately $4 billion in revenue in 2024. This merger signifies a pivotal moment in the IT sector, particularly in the realms of cybersecurity, cloud computing, digital infrastructure, and artificial intelligence.

Headquartered in Tallahassee, Florida, Pellera will be spearheaded by experienced leaders from both companies. Greg Berard, the current CEO of Converge, will take the helm of Pellera as CEO, while Jeff Dobbelaere, President and CEO of Mainline, will serve as President and COO. This leadership blend is intended to harness over a century of combined experience within the IT industry.

Strategic Vision and Objectives

According to Greg Berard, the vision behind this merger is to harness the respective strengths of Mainline and Converge and to provide clients with unparalleled value through innovative solutions.