Ridgemont Equity Partners completed the acquisition of a majority stake in SIG from Fort Point Capital.

Ridgemont Equity Partners, a middle market private equity firm, completed the acquisition of a majority stake in SIG, a provider of IT services to higher education institutions, from Fort Point Capital, a private equity firm that employs a management-led, growth-oriented approach to private equity investing. Financial terms were not disclosed. “The SIG management team is thrilled to partner with Ridgemont. We are aligned with a partner that shares our vision of providing high-quality and mission-critical services to higher education institutions. Ridgemont also brings experience and resources to accelerate organic and inorganic growth. To begin our partnership, we are acquiring BHA, which underscores our commitment to the Ellucian Partner Network and our strategic relationship with Ellucian,” Brent Rhymes, SIG CEO.