H.I.G. Capital sells financial services IT provider ECI to Wind Point Partners
What's the deal? H.I.G. CapitalDealroom has a profile for this one. Try Dealroom → has sold its portfolio company ECIDealroom has a profile for this one. Try Dealroom → to private equity firm Wind Point PartnersDealroom has a profile for this one. Try Dealroom →. ECI is a New York-based managed services provider serving alternative investment managers and investment banks. Terms were not disclosed.
What does ECI do? With more than 30 years in regulated financial services, ECI delivers managed IT, cybersecurity, and compliance services. It serves over 630 clients across 37 countries, backed by a team of more than 775 professionals and eight data center locations.
Why now? The sale caps H.I.G.'s ownership period, during which it pushed ECI beyond core managed IT into cybersecurity, governance, risk and compliance (GRC), and AI-enabled services. The firm built out a scaled global delivery platform spanning the US, UK, Europe, and Asia-Pacific.
What's the endgame? H.I.G. said its thesis was to turn ECI into a "modern, security-first managed services platform." During that time, ECI built ELLADealroom has a profile for this one. Try Dealroom →, an AI tool for internal operations and client engagement, and grew its recurring-revenue base.
Jeff Schmidt, chief executive officer of ECI, said H.I.G. was "instrumental in helping us enhance our service offering, go-to-market strategy, and delivery capabilities." He added that the company is "excited to continue that momentum alongside Wind Point."
John Von Bargen, managing director at H.I.G., said ECI is "exceptionally well positioned for its next phase of growth."
BairdDealroom has a profile for this one. Try Dealroom → and Guggenheim PartnersDealroom has a profile for this one. Try Dealroom → advised H.I.G. and ECI on the deal, with King & SpaldingDealroom has a profile for this one. Try Dealroom → as legal counsel.
The signal: H.I.G., which manages $75 billion in capital, exits as demand for cybersecurity and compliance tooling grows across heavily regulated financial services. The handoff to Wind Point signals continued private equity appetite for niche, recurring-revenue technology providers serving complex markets.
Read more: PR Newswire
Image credit: Cory M. Grenier
