December 23, 2020
Clearsight Advises Covestic in its Acquisition by Milestone Technologies
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its IT Services practice. Clearsight served as the exclusive advisor to Covestic, Inc. (“Covestic” or “The Company”) in its acquisition by Milestone Technologies, Inc. (“Milestone”), a portfolio company of H.I.G. Capital, LLC. This deal highlights Clearsight’s position as a top advisor to Cloud and IT Transformation services firms.
Covestic is an Elite ServiceNow Partner and Managed IT services provider, specializing in IT Service Management, Customer Service Management, Security and Compliance, and Managed Services. Based just outside of Seattle, WA, The Company’s 200+ team of IT experts has provided enterprise customers with superior services for the past 19 years. Covestic’s status as an Elite ServiceNow Partner marks The Company as one of the recognized leaders in the fast-growing Cloud Services space. The acquisition of Covestic will enhance Milestone’s global managed IT services portfolio and allow them to make a foray into the growing ServiceNow ecosystem.
“We are very pleased with Clearsight’s level of guidance and professionalism throughout the entire deal process,” said John Schaffer, Founder and CEO of Covestic. He added, “The Clearsight team’s expertise and resolve was invaluable in communicating the Covestic story and positioning our firm to find the best possible fit in Milestone, despite a particularly challenging year. Clearsight worked tirelessly on our behalf from the beginning of our process all the way through the closing of the transaction. We couldn’t have worked with a better advisor.”
Jim McCabe, Director at Clearsight, remarked, “Clearsight is delighted to have advised Covestic in finding the right company fit with Milestone. We are excited to see how Covestic’s ServiceNow expertise will enhance Milestone’s innovative managed services moving forward.”
For more information on this transaction, see the full press release on Business Wire.