The Capstreet Group Acquires hh2 Cloud Services

Cloudflare Acquires S2 Systems Corporation

January 7, 2020

Cybersecurity

Cloudflare, Inc. has acquired S2 Systems Corporation, a Kirkland-based developer of patented browser isolation technology, and will integrate S2's solution into Cloudflare Gateway as part of Cloudflare for Teams. The acquisition is intended to expand Cloudflare's security capabilities by enabling browser code execution in the cloud to protect endpoints without sacrificing performance.

Descartes Systems Group Acquires GroundCloud

February 14, 2023

Transportation

Descartes Systems Group acquired GroundCloud, a Minneapolis-based provider of final-mile carrier SaaS solutions that combine route execution, safety/compliance and video telematics. The deal involved approximately $138 million in up-front cash plus an earn-out of up to $80 million tied to revenue targets.

Thoma Bravo Acquires HCSS

November 16, 2021

Software

Thoma Bravo, a leading software-focused private equity firm, has completed the acquisition of HCSS, a Sugar Land, Texas-based provider of estimating, operations, and fleet management software for the construction industry. The partnership is intended to accelerate product innovation, expand HCSS’s global reach, and invest in its construction software suite; financial terms were not disclosed.

Hudson Hill Capital Acquires Majority Stake in Blue.cloud

March 2, 2022

Cloud & SaaS

Hudson Hill Capital made a majority equity investment in Tampa-based cloud digital transformation firm Blue.cloud at an enterprise value exceeding $100 million. The capital will be used to expand AI capabilities, pursue acquisitions, and scale the team as Blue.cloud builds on a 2021 run-rate of roughly $39 million and a global workforce of about 320 employees.

H.I.G. Capital Acquires Terra Millennium Corporation

May 26, 2022

Industrial Services

H.I.G. Capital (through an affiliate) signed a definitive agreement to acquire Terra Millennium Corporation, a national provider of outsourced industrial maintenance services headquartered in Salt Lake City, Utah. The transaction — previously backed by Court Square Capital Partners — positions Terra Millennium to accelerate geographic expansion, broaden its service offerings and pursue add-on acquisitions under H.I.G.'s ownership; the deal was expected to close in Q2 2022.

H.I.G. Capital Makes Equity Investment in KM2 Solutions

December 22, 2020

Professional Services

H.I.G. Capital (through an affiliate) made a growth equity investment in KM2 Solutions to support the BPO provider’s continued expansion across the Caribbean and Latin America and to fund investments in next-generation customer experience technologies. The deal leaves KM2’s management team in control and aims to accelerate the company’s nearshore contact center growth into high‑growth markets.