Toronto, on and Gatineau, Qc,, April 22, 2025 / Prnewswire / – Converge Technology Solutions Corp. (“Converge“) (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is happy to announce the success of the previously announced acquisition of all its ordinary actions issued and in circulation by a subsidiary of Hig Capital (“High. “), a leading global alternative investment company with 69 billion dollars capital under management. As part of the closure, Converge will merge with Mainline Information Systems, LLC (“Main line“), an existing HIG portfolio company. The combined company has been renamed Pellera Technologies (“Shovel“), representing its distinctive position on the market as a leading technological partner.
Pellera is at the forefront of the delivery of innovative IT solutions to business and intermediate market customers. The in -depth technical expertise of the combined company, the strategic objective and the collaborative approach allowed their customers to achieve the impactful commercial results thanks to the power of technology. Pro formed for the combination, Pellera generated approximately $ 4 billion In revenues in 2024 and will provide unrivaled technological expertise to its customers in essential areas of growth, including cybersecurity, cloud, digital infrastructure and AI.
Whose head office Tallahassee, FloridaThe new organization will be led by a dynamic and experienced leadership team with more than a century of experience combined in the IT industry. Converge CEO Greg Berard Will be as general manager of Pellera, while the president and chief executive officer of the main line Jeff Dobbelaere will assume the role of president and chief of the exploitation. This collaboration reflects the best of two organizations, guaranteeing the strength and capacity of Pellera to obtain significant results.
Greg BerardThe chief executive officer of Pellera said: “We combine daring vision, unrivaled talents, innovative solutions and trusted partnerships of the main line and to converge to offer differentiated value and raise customer experience. With the support of HIG, we accelerate investments in fields such as AI, cybersecurity, hybrid cloud, modernization of applications and services and services managed, with the objective of the objective of becoming the supplier for understanding the data.
Jeff DobbelaerePresident and chief of the Pellera exploitation, said: “We are delighted to unite their forces while we are entering the next phase of our growth course. Together, we have more solid relationships with our industry growth partners, unlocking our employees and improving the value we offer as partners dedicated to the expertise of our teams.
Aaron TolsonDirector General of HIG, added: “We are delighted to integrate two partners of reliable and complementary IT solutions to stimulate service offers and accelerate growth in complex and strategic fields. The combined company offers IT solutions and improved services that will allow customers to continue to reach the following level. As part of HIG PORTFOLIO, PELLERA is laid to capitalize on emerging technologies and extend your leadership. “
HIG was advised by Guggenheim Securities, LLC, JP Morgan Securities, LLC, Lazard Frères & Co. LLC, BMO Capital Markets, Stikeman Elliott LLP and Weil, Gotshal & Monneges LLP. Canaccord Genuity acted as a main financial advisor in Converge and its board of directors. Houlihan Lokey Capital was hired as a financial advisor to the Special Committee of Converge (the “Special Committee”), and Origin Mercihant Partners was engaged as an independent financial advisor and provided an opinion of equity to the special committee. Goodmans LLP acted as a legal advisor to converge.
About Pellera technologies
Pellera Technologies is the place where innovation progresses. Thanks to the combined expertise of converge technological solutions and main information systems, we provide unrivaled IT solutions that stimulate momentum for corporate customers around the world. Our complete suite of digital infrastructure, hybrid cloud, cybersecurity and artificial intelligence solutions transforms challenges into opportunities and shapes a future where companies can prosper. Guided by our AIM methodology (advisor, implement, manage), we ensure that the solutions are adapted to your specific needs, aligning transparently with existing systems to stimulate without complexity. At Pellera, we don’t just make you go ahead, we help you evolve without limits.
About Hig Capital
HIG is a leading high -plan alternative investment company with $ 69 billion in management in management. * Based in Miami, and with offices in AtlantaBoston, Chicago, Los Angeles, New York and San Francisco in the UNITED STATESas well as international affiliation offices in HamburgLondon, Luxembourg, Madrid,, Milan,, ParisBogotá, Rio de JaneiroSão Paulo, DubaiAnd Hong KongHIG specializes in the supply of debt and capital capital to the companies on the intermediate market, using a flexible approach and focused on the operational / added:
- HIG’s equity funds invest in management buyouts, recapitalizations and business cuts that are both profitable and manufacturing and services.
- HIG’s debt funds invest in the financing of senior, unitranche and junior debt to major spectrum companies, both on a primary basis (of direct origin), as well as on the secondary markets.
- Hig also manages a BDC listed on the stock market, Whitehorse Finance.
- HIG real estate funds invest in value -added properties, which can benefit from an improvement in asset management practices.
- Hig Infrastructure focuses on making value added and core more investments in the infrastructure sector.
Since its foundation in 1993, HIG has invested and has managed more than 400 companies worldwide. The current company’s portfolio has more than 100 companies with combined sales higher than $ 53 billion. For more information, please see the HIG website in HIG.COM.
Information in the future
This press release contains certain “prospective information” and “prospective declarations” (collectively, “prospective declarations”) within the meaning of the legislation applicable on securities. Any declaration which implies discussions concerning forecasts, expectations, beliefs, plans, projections, objectives, hypotheses, future events or performance (often but not always using sentences such that “expects”, or “does not expect sentences or indicate that certain actions, events or results” may “or” could “,” could “or” or “or”, “could” or “,” are not historical de facto statements and may be prospective declarations.
More specifically, the declarations concerning the provided for transactions for converge, Mainline or Pellera, their employees, business partners, shareholders and other stakeholders, including plans, objectives, expectations and intentions of HIG, Converge or Pellera; And other declarations which are not declarations of historical facts are considered to be prospective information.
Prospective information is based on the opinions, estimates and hypotheses of management. Although these opinions, estimates and hypotheses are taken into account by Hig, Converge, Mainline and Pellera as appropriate and reasonable in the circumstances on the date of this press release, they are subject to known and unknown risks, uncertainties, hypotheses and other factors that can cause results, activity levels, performance or achievements that are considerably or involved by such useful information.
Information in the future is subject to significant risks, in particular, without limitation: significant or passive transaction costs unknown; the failure to carry out the expected advantages of transactions; The effect of transactions on the capacity of Converge, Mainline or Pellera to keep and hire key staff and to maintain trade relations with customers, suppliers and other people with whom they do business, or on the operational results of Converge, Mainline or Pellera; The risks, costs and inherent uncertainties associated with the successful transition of the company and at the risks of not reaching all or part of the expected benefits of transactions, or the risk that the expected benefits of transactions are not fully carried out or take more time than expected.
If one of these risks or uncertainty is materialized, or if opinions, estimates or assumptions underlying prospective information is incorrect, real results or future events could vary considerably from that provided for prospective information. Although Hig, Converge, Mainline and Pellera have tried to identify the significant risk factors that could ensure that the real results differ materially from those contained in prospective information, there may be other risk factors that are not currently known or that they are currently thinking about important information.
There is no guarantee that this information will prove to be exact, as real results and future events could materially differ from that provided in this information. Consequently, you should not rely excessively to prospective information, which only speak on the date made. The prospective information contained in this press release represents the expectations of HIG, Converge, Mainline and Pellera on the date specified here and is subject to modification after such a date. However, HIG, Converge, Mainline and Pellera declines any intention or obligation or commitment to update or revise any prospective information or to publicly announce the results of any revision to one of these declarations, whether following new information, future events or otherwise, unless otherwise indicated under the applicable laws.
All the prospective information contained in this press release is expressly qualified by the preceding warning declarations.
Source Converge Technology Solutions Corp.
