Milestone Technologies Acquires Covestic, LLC

Milestone Technologies (H.I.G. Portfolio) Acquires Software Management Consultants, Inc. (SMCI)

August 2, 2021

IT Services

Milestone Technologies, a Silicon Valley-based global IT managed services provider and portfolio company of H.I.G. Capital, has acquired Software Management Consultants, Inc. (SMCI), a Glendale, California–based IT consulting, talent management and digital solutions firm. The acquisition expands Milestone's US footprint and bolsters its IT managed services and staffing capabilities as part of a strategy to consolidate the fragmented IT services and staffing market.

Milestone Technologies Acquires Suyati Technologies Pvt Ltd

January 9, 2024

IT Services

Milestone Technologies, a Silicon Valley-based IT services firm majority owned by The Halifax Group, has acquired Suyati Technologies Pvt Ltd, an India-headquartered IT solutions provider specializing in Microsoft & Cloud technologies, Salesforce, and advanced analytics. The acquisition expands Milestone's applications and digital engineering capabilities and broadens its global delivery footprint.

COVU Acquires Leland Insurance Services

July 8, 2025

Insurance

COVU, an AI-native insurance servicing platform based in San Francisco, acquired California-based Leland Insurance Services, a high-retention independent P&C agency led by Richard Herscowitz. The deal — COVU's fifth agency acquisition — expands the platform's presence across California and integrates Leland's stable personal and commercial book into COVU's AI-supported operating model.

The Halifax Group Acquires Majority Stake in Milestone Technologies; Two Sigma Impact Invests Minority

December 13, 2022

IT Services

The Halifax Group completed a control investment to acquire a majority interest in Milestone Technologies from H.I.G. Capital, with H.I.G. retaining a minority stake. Two Sigma Impact made a minority investment alongside Halifax, and Milestone's existing management team, led by CEO Sameer Kishore, will remain invested and continue to lead the company as it pursues further global growth in IT managed services.

Milestone Partners Acquires CDE Services

November 20, 2023

Payments & Fintech

Milestone Partners, a private equity firm focused on technology-enabled services and financial solutions, has acquired CDE Services LLC, a provider of integrated payment processing and ancillary POS services. The transaction was supported by strategic capital and credit commitments from LO3 Capital, Tecum Capital, and Navigate Capital Partners and is intended to accelerate CDE's product expansion and market share growth in the integrated payments space.

Concord (an H.I.G. Capital Portfolio Company) Acquires Evolytics

March 31, 2022

Data & Analytics

Concord USA, LLC, a technology consulting firm and portfolio company of H.I.G. Capital, has acquired Evolytics, a Kansas City–based digital analytics consulting firm. The deal is Concord's second add-on of the year and is intended to expand Concord’s data and marketing analytics capabilities to better serve enterprise customers.