Leonard Green and Harvest Partners Purchase Equity Stake in Convergint from Ares Management

Leonard Green & Partners and Hg Take Co-Controlling Stake in IRIS Software Group

December 23, 2023

Software

Leonard Green & Partners (LGP) will take a co-controlling stake in IRIS Software Group alongside existing investor Hg, with ICG remaining as a minority investor. The transaction values IRIS at an enterprise value of around £3.15 billion and is intended to support IRIS's continued scaling and expansion in North America; closing is subject to customary regulatory clearances.

Convergint Acquires A+ Technology & Security Solutions

August 11, 2025

Industrial Services

Convergint has acquired A+ Technology & Security Solutions, a Bay Shore, New York-based security integrator with over 30 years of experience, to strengthen its integrated security and public sector capabilities in the Northeast. All A+ Technology employees are joining Convergint, bringing expertise in video management, access control, visitor management, and open-standards solutions to expand Convergint’s local presence and service offerings.

Convergint Acquires ATS Alaska and ATS Facility Systems

September 8, 2021

Engineering Services

Convergint acquired two business units from ATS Companies — ATS Alaska and ATS Facility Systems — marking Convergint’s first technology center in Alaska and expanding its Northwest footprint. More than 75 ATS colleagues will join Convergint, strengthening capabilities across Washington, Oregon, Montana, Idaho, Colorado, Wyoming and Alaska.

Leonard Green & Partners Leads Recapitalization of WCG with Arsenal and Novo Holdings

November 14, 2019

Healthcare Services

An investor group led by Leonard Green & Partners, in partnership with Arsenal Capital Partners and Novo Holdings A/S, has agreed to recapitalize WCG to provide resources to accelerate growth and expand capabilities in clinical trial optimization. Financial terms were not disclosed; the transaction was announced in November 2019 and expected to close in the first quarter of 2020.

Leonard Green & Partners Acquires Majority Stake in TenCate Grass

December 22, 2023

Manufacturing

Affiliates of Leonard Green & Partners (LGP) will acquire a majority stake in TenCate Grass Holding B.V., purchasing shares from Crestview Partners and select other shareholders. TenCate's senior management will remain invested and continue to lead the company; the transaction advances LGP's entry into the sports and outdoor living surfaces market and is expected to close in February 2024 (terms undisclosed).

H.I.G. Capital Acquires Converge Technology Solutions and Merges It with Mainline to Form Pellera Technologies

April 22, 2025

IT Services

An affiliate of H.I.G. Capital has completed the acquisition of Converge Technology Solutions Corp. and merged Converge with H.I.G. portfolio company Mainline Information Systems to form Pellera Technologies. The combined, Tallahassee-headquartered business — led by CEO Greg Berard and President/COO Jeff Dobbelaere — will focus on scaling IT services across cybersecurity, cloud, digital infrastructure and AI, and generated approximately $4 billion in pro forma 2024 revenue.