H.I.G. Capital has completed the merger of Converge Technology Solutions and Mainline Information Systems to form Pellera Technologies, a $4bn tech services company targeting the enterprise cloud, cybersecurity, and AI markets.

The newly combined business, headquartered in Tallahassee, Florida, will be led by Greg Berard, former CEO of Converge, with Jeff Dobbelaere, previously President of Mainline, assuming the role of President and COO. The merger provides H.I.G. with an enhanced platform to serve large corporate clients in high-demand digital transformation sectors.

“We’re accelerating investments in areas like AI, cybersecurity, hybrid cloud, app modernization, data, and managed services,” said Berard. Dobbelaere added that the combined entity strengthens client relationships and broadens access to partner ecosystems.

The formation of Pellera follows a string of tech sector moves by H.I.G., including the recent acquisition of Quisitive Technology Solutions, a Microsoft Cloud and AI-focused firm, and a strategic investment in GetixHealth, which supports revenue cycle management for healthcare providers.

H.I.G. has also remained active on the exit front, selling Soleo Health to Court Square Capital and WindRose Health Investors earlier this year. Beyond the US, the firm continues to expand in Europe, with recent investments in logistics real estate in France, a Cambridge-based innovation hub, and a German industrial automation company.

Founded in 1993, H.I.G. Capital has backed more than 400 companies globally and currently manages a portfolio of over 100 businesses generating more than $53bn in combined revenue. The Pellera transaction was advised by Guggenheim Securities, J.P. Morgan, Lazard Frères, and BMO Capital Markets.

Source: TechBullion