#USA #H.I.G. Capital #Tallahassee #Converge Technology #Pellera Technologies

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

H.I.G. Capital, a global leader in alternative investments, has announced the conclusion of its acquisition of Converge Technology Solutions Corp., a move that reinforces its commitment to shaping the future of IT solutions. This strategic decision comes alongside the merger of Converge with Mainline Information Systems, leading to the establishment of Pellera Technologies.

Pellera Technologies is poised to deliver an array of innovative IT solutions designed to assist businesses in navigating the evolving landscape of technology. The new entity aims to serve enterprise and mid-market clients with state-of-the-art offerings in cybersecurity, cloud computing, digital infrastructure, and artificial intelligence (AI). For the year 2024, the pro forma revenue of Pellera is projected to be approximately $4 billion.

The headquarters for Pellera Technologies will be located in Tallahassee, Florida, with leadership drawn from both Converge and Mainline. Greg Berard, taking the helm as CEO of Pellera, highlighted the combined strengths of both companies, expressing enthusiasm for the company’s direction and future prospects. Jeff Dobbelaere, the former CEO of Mainline, will serve as the company’s President and COO.

Greg Berard articulated a bold vision for Pellera, stating, “We are integrating the unmatched talent, innovative solutions, and strong partnerships of both organizations to create differentiated value and enhance the customer experience.” With H.I.G.’s backing, Pellera is set to spearhead advancements in crucial areas such as hybrid cloud, app modernization, and managed services.

Dobbelaere also expressed his excitement about the merger, emphasizing that this collaboration will strengthen relationships with industry-leading partners, expand access for customers, and provide broader solutions. He mentioned, “Together, we will create more growth opportunities for our employees and enhance the value we deliver as committed partners in our customers' teams.”

H.I.G. Capital’s Aaron Tolson emphasized the importance of combining these two established IT solution partners, viewing it as a pivotal step towards accelerating growth in complex IT sectors. The merged entity aims to deliver enhanced IT solutions and services to help customers achieve their strategic objectives.

As part of a broader strategy, the transition into Pellera Technologies exemplifies H.I.G.'s commitment to investing in the potential of both Converge and Mainline. The integration will allow Pellera to capitalize on emerging tech trends and enhance its position within the competitive IT market.

Pellera Technologies will utilize its AIM methodology (Advise, Implement, Manage) to ensure solutions are tailored to specific business needs, integrating seamlessly into existing infrastructures. This structured approach aims to minimize complexity while facilitating successful outcomes for clients.

Having invested in over 400 companies globally since its inception in 1993, H.I.G. Capital boasts a diverse portfolio characterized by a flexible, operationally-focused strategy. The firm is known for backing management buyouts, recapitalizations, and spin-offs, supporting both profitable and underperforming companies across various industries.

As Pellera Technologies emerges as a formidable player in the IT landscape, stakeholders can look forward to a future defined by collaboration, innovation, and exceptional service delivery. With a seasoned leadership team and the backing of H.I.G. Capital, Pellera is set to redefine what businesses can achieve with technology.

For more information about Pellera Technologies, visit Pellera's website.