#United States #H.I.G. Capital #Tallahassee #Converge Technology #Pellera Technologies

H.I.G. Capital and the Formation of Pellera Technologies

On April 22, 2025, H.I.G. Capital, a global investment firm managing around $69 billion in capital, announced the successful acquisition of Converge Technology Solutions Corp. This strategic acquisition heralds the merger of Converge with Mainline Information Systems, leading to the birth of Pellera Technologies. The merger showcases H.I.G.'s commitment to enhancing their portfolio with robust technology solutions aimed at enterprise and mid-market sectors.

A New Era for IT Solutions

Pellera Technologies emerges with the promise of delivering cutting-edge IT solutions tailored to meet the unique needs of its diverse clientele. With a combined revenue of approximately $4 billion in 2024, Pellera is now positioned as a powerhouse in the technological transformation landscape. Focusing on key areas such as cybersecurity, cloud computing, digital infrastructure, and artificial intelligence, Pellera aims to redefine how businesses implement technology to accelerate growth and efficiency.

Located in Tallahassee, Florida, the company is led by a seasoned leadership team, bringing over a century of collective experience in the IT industry. Notably, Greg Berard, the Chief Executive Officer of Converge, takes the helm as CEO of Pellera, while Jeff Dobbelaere, Mainline's President and CEO, assumes the position of President and Chief Operating Officer. Their combined expertise fosters a robust foundation for achieving ambitious business goals.

Vision for the Future

In a statement reflecting the merger's intentions, Greg Berard expressed excitement about the convergence of talents and innovative strategies between both entities. He emphasized that the merger is not just about combining resources; it’s about leveraging their strengths to offer differentiated value and enhanced customer experiences. Under the H.I.G. umbrella, Pellera is set to amplify its investments in emerging technology areas, ensuring that it stays at the forefront of IT advancements.

Jeff Dobbelaere also conveyed optimism regarding the merger, emphasizing the newfound potential for stronger partnerships within the industry which would broaden the range of solutions available to clients. The resulting collaboration is projected to foster greater growth opportunities for employees and enhance the company's value proposition in serving its customers. This forward-thinking approach is expected to drive innovation and facilitate a seamless transfer of expertise throughout their engagements.

Accelerated Growth and Enhanced Services

Aaron Tolson, Managing Director at H.I.G., highlighted the significance of integrating two established IT solution providers to accelerate growth in strategic IT realms. Pellera combines advanced technical capabilities, innovative product offerings, and an unshakeable commitment to customer success. The emergence of Pellera is a strategic response to the increasing complexity of the IT landscape, aimed at delivering superior solutions that cater to evolving client needs.

The merger's completion included advisory support from several prominent financial institutions, showcasing the extensive planning and strategic thinking that went into this collaborative effort. H.I.G.'s associations with Guggenheim Securities, J.P. Morgan Securities, and Lazard further underscore the significant investment in ensuring a smooth transitional phase into the newly branded Pellera Technologies.

A Summary of Pellera's Mission

Pellera Technologies epitomizes innovation-driven progress. With the combined strengths of Converge and Mainline, it aims to provide IT solutions that go beyond mere functionality, ultimately empowering clients to conquer challenges and seize new opportunities. The core tenant of the company relates to its AIM approach—Advise, Implement, Manage—which ensures solutions are customized to fit seamlessly into existing infrastructures without introducing unnecessary complexity.

To encapsulate, Pellera Technologies is not merely a new name in the industry; it represents a substantial advancement in how businesses leverage technology for growth and success. As the company embarks on its journey filled with possibilities, the IT landscape is poised for a transformative evolution stemming from this key merger.