HIG Capital-backed Milestone Technologies completed the acquisition of Covestic.

HIG Capital-backed Milestone Technologies, a global managed services firm that helps companies scale their technology infrastructures and drive digital transformation, completed the acquisition of Covestic, an IT services provider. Financial terms were not disclosed. “I am thrilled to welcome the Covestic team, their customers and partners to the Milestone family. We are very excited about the capabilities they add to the Milestone services portfolio. Our two teams will collaborate to drive innovation and significant value for our combined clients. Covestic and Milestone share very similar values with a strong focus on employee experience providing best-in-class services to clients utilizing a high-touch model,” Sameer Kishore, Milestone’s President and CEO.