One of the leading global IT services provider Milestone Technologies Inc. (“Milestone”) recently announced that The Halifax Group (“Halifax”), a mid-market private equity firm, has market segment, which invests in market-leading companies in cooperation with its management, completed a controlling stake in Milestone. Additionally, Two Sigma Impact, a private equity firm focused on using data science and technology to drive employee engagement, made a minority investment. HIG Capital will continue to hold an equity interest in Milestone.
The latest investment will enable Milestone to accelerate its strategic vision, build an people-centric culture and expand its service and solution offering.
“We are very excited about our new partners and our shared vision for Milestone’s next phase of growth. The investment from Halifax and Two Sigma Impact will provide us with the capital and strategic resources to accelerate Milestone’s growth and better serve our employees and customers worldwide,” said Sameer Kishore, Milestone President and CEO. “We continue on the path we started with HIG Capital 7 years ago and extend a warm welcome to our new partners.”
David Bard, Partner at Halifax, comments, “We look forward to working with Sameer and the Milestone team. They have already shown that they are an outstanding management team with an impressive story to tell. Halifax has developed a strong business philosophy and a number of senior relationships in the IT services segment that we intend to leverage to help Milestone continue to build on the impressive success to date.”
Andrey Vakhovskiy, Managing Director at HIG Capital states: “Sameer and the Milestone team have done an outstanding job of executing strategic initiatives and driving business growth. We have thoroughly enjoyed partnering with the Milestone team and look forward to being a minority investor alongside Halifax as the company continues to thrive.”
