Headwaters MB announced today that it advised Milestone Technologies, Inc. (“Milestone”), a leading provider of managed information technology services to rapidly-growing, global enterprises, on an investment from H.I.G. Capital.
The investment will allow Milestone to continue to deliver differentiated, world-class IT services to Milestone’s customers and to enable the Company’s continued expansion.
Founder and CEO, Prem Chand said, “We are very excited about the partnership with H.I.G. and the shared vision we have for the next stage of Milestone’s growth. H.I.G.’s investment will provide us with the capital and strategic resources necessary to grow Milestone and better serve our customers.”
Tyler Comann, Managing Director at Headwaters MB, commented, “Milestone wanted us to find a partner that had the financial resources to support growth and had a business approach that fit the innovative Milestone culture. Headwaters brought a number of premier investors to the table. Among the options, H.I.G. proved to be the perfect fit.”
About Milestone Technologies, Inc.
Founded in 1997, Milestone Technologies is a leading provider of solutions to the strategic IT needs of large global corporations. Milestone’s solutions include managed help desk, data center operations, managed contact center, and IT logistics. Milestone recently announced the arrival of its Platform Engineering Services: a comprehensive set of Milestone branded IT solutions that enable companies to optimize their networks’ performance. Key among Milestone’s Platform Engineering Services is its Network Operations Center (NOC), an intelligent cloud-based ITSM platform that eliminates identification delays and speeds resolution. Milestone helps its clients – currently 200 companies in 18 countries – create and operate their critical IT infrastructures. More information about Milestone and its services can be viewed online at www.milestonepowered.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused approach. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.