The Halifax Group, a private equity firm that partners with management to invest in entrepreneurial companies, has purchased a majority interest in Milestone Technologies, a global managed services provider based in Silicon Valley, from H.I.G. Capital.

Founded in 1997 and based in Fremont, Calif., Milestone is an information technology services firm that partners with organizations to support their digital transformation strategies and to scale their IT capabilities. The company serves clients in the technology, healthcare and consumer markets. H.I.G. will maintain a minority stake in the company after closing.

William Blair & Co. served as financial advisor to Milestone; McDermott Will & Emery served as legal counsel to Milestone and H.I.G. for this transaction. Goodwin Proctor LLP represented Halifax.