BOSTON–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $45 billion of equity capital under management, announced today that its portfolio company, Milestone Technologies (“Milestone” or the “Company”), has acquired Software Management Consultants, Inc. (“SMCI”), based in Glendale, CA., to extend Milestone’s footprint and bolster its IT managed services portfolio.
With over 35 years of working with clients and helping them deliver IT Solutions, SMCI has built deep expertise in delivering IT and digital transformation solutions, including running large scale PMO initiatives and providing talent management services across many industries.
“I am thrilled to welcome the SMCI team, their customers, and partners to the Milestone family. We are very excited about the capabilities SMCI adds to our services portfolio. Our teams will collaborate to drive significant value for our clients,” said Sameer Kishore, President and CEO. “SMCI and Milestone share similar values and beliefs with a strong focus on an employee-first culture and providing best-in-class services to clients.”
“The acquisition of SMCI continues Milestone’s strategy of consolidating the fragmented IT services and staffing industry,” said Andrey Vakhovskiy, Managing Director at H.I.G. “SMCI adds a deep bench of delivery and management talent to Milestone’s already strong team and will allow the Company to further support its customers in their digital transformation initiatives.”
About Milestone Technologies
Milestone Technologies is a global managed services provider based in Silicon Valley and has been providing IT Managed Services since 1997, helping hundreds of leading corporations deliver technology around the globe. The Company employs 2,600+ industry professionals, serves over 200 clients, and operates in 36 countries. For more information, please visit www.milestone.tech and follow Milestone Technologies on Linkedin.com/company/milestone-technologies.
SMCI is an IT consulting, talent management and digital solutions provider based in Glendale, CA and has been providing staffing and solutions services for a broad range of IT disciplines and platforms across industries since 1983. SMCI’s core business values, which include integrity, professionalism, and collaboration, are at the center of everything they do. The company has been focused on building long term relationships with clients to support their success over the years. For more information, please visit www.smci.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $45 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 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.