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HIG sells Milestone Technologies to Halifax

HIG Capital has sold its majority interest in portfolio company Milestone Technologies, a global IT services firm to private equity firm The Halifax Group. HIG will maintain a minority stake in the company post-closing, while private equity firm Two Sigma Impact has also made a minority investment.

HIG Capital (HIG) has sold its majority interest in portfolio company Milestone Technologies (Milestone), a global IT services firm to private equity firm The Halifax Group. HIG will maintain a minority stake in the company post-closing, while private equity firm Two Sigma Impact has also made a minority investment.

Terms of the transaction have not been disclosed.

Milestone partners with leading organisations to support their digital transformation strategies and to scale their IT capabilities, by providing solutions across application services, including digital product engineering and ServiceNow-oriented services, digital workplace services, and private cloud services.

HIG acquired Milestone in August 2015. During HIG’s ownership, Milestone expanded from 15 to 36 countries, completed two significant add-on acquisitions, and entered the ServiceNow ecosystem.

William Blair & Company served as financial advisor to Milestone; McDermott Will & Emery served as legal counsel to Milestone and HIG for this transaction. Goodwin Proctor LLP represented Halifax.

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