Alantra advises BreakFree Solutions on its acquisition by ThoughtFocus, a portfolio company of H.I.G. Capital
SECTORTechnology
ServiceM&A
New York – Alantra, a leading global investment bank and asset management firm, is pleased to announce that BreakFree Solutions, a digital services and DevOps consulting firm, was acquired by ThoughtFocus, a digital transformation firm and a portfolio company of H.I.G. Capital. The transaction closed in Q1 2023 and the deal value was not disclosed.
Founded in 2016 and headquartered in Chicago, Illinois, BreakFree provides digital services to enterprise and commercial customers in the financial services sector. Through its expertise in product development, cloud enablement, and DevOps implementation, BreakFree supports its clients’ most critical and strategic digital transformation initiatives.
“BreakFree has built a strong, team-oriented culture focused on delivering the best possible solutions to its customers,” stated Shylesh Krishnan, ThoughtFocus’ Chief Executive Officer. “Their expertise in DevOps and agile development will both complement and supplement our existing suite of technology services. We are confident that our combined service offering will unlock greater value for our customers.”
“The ThoughtFocus partnership will accelerate our next phase of growth and broaden our geographic reach,” remarked Mitch Northcutt, BreakFree’s President & Chief Executive Officer. “Joining ThoughtFocus allows us to enhance our value proposition and provide our clients with an end-to-end service offering, assisting them throughout the entire digital transformation lifecycle.”
This transaction highlights Alantra’s strong position and successful track record as advisors to companies focused on digital transformation. Alantra served as exclusive financial advisor to BreakFree Solutions. The Alantra team advising BreakFree included Renee Shaening, Michael Lenoce, Alex Bader and Carter Nichols.
