Highlands Ventures LLC has acquired Chicago-based Geneva Technical Services, a provider of IT consulting and staffing services. No financial terms were disclosed.
CHICAGO, March 14, 2017 /PRNewswire/ — Private equity firm, Highlands Ventures, LLC, has acquired Chicago-based Geneva Technical Services, LLC. This is the firm’s second Chicago area acquisition in a matter of months, reaffirming their commitment to the Chicago and midwest markets.
Geneva Technical Services, LLC, founded in 1999, has delivered IT consulting and staffing services by forming long-term relationships with Fortune 1000 clients in the Chicago area. The addition of Geneva Technical Services, LLC to the Highlands Ventures portfolio will enable the firm to quickly penetrate the Chicago market. Highlands Ventures will gradually fold Geneva Technical Services into Halo Group, LLC, their flagship IT consulting firm based in Detroit.
“The Geneva Technical Services acquisition provides Highlands Ventures with a growth platform in the Chicago and midwest markets, and will ultimately help further position Halo Group, LLC as a leading high-end IT staffing and consulting company,” says Brent Rasmussen, Managing Partner of Highlands Ventures and CEO of Halo Group. “Geneva Technical Services will complement our current IT consulting business and further expand our capabilities on a national level. We warmly welcome the outstanding Geneva Technical Services professionals and we are excited to build upon our expansion into Chicago.”
“Highlands Ventures is an ideal match for Geneva Technical Services, and this acquisition provides development opportunities for our employees and deeper customer support for both our Chicago and national customers,” says Rich Linden, CEO of Geneva Technical Services. “With Highlands Ventures, we have gained a partner who is focused on delivering IT talent solutions to meet the expanding technology needs of our customers, while sharing our mutual interest in exceptional customer service, and embracing our commitment to the IT community in Chicago.”
About Geneva Technical Services, Inc. (GTS)
Geneva Technical Services, Inc. has a solid track record of business growth and innovation supported by decades of Executive Leadership, IT Staffing, and IT Consulting experience. Since being founded in 1999, GTS has delivered IT consulting and staffing services by forming long-term relationships with Fortune 1000 clients in the Chicago area.
About Highlands Ventures
Highlands Ventures is a Chicago-based private equity firm specializing in the high-end IT talent market. Highlands Ventures portfolio includes small to mid-sized, profitable companies in the IT talent space with similar core values that embrace passion, energy, commitment, expertise and integrity.
About Halo Group
Since 2004, Halo Group has filled a unique space between mass IT staffing firms and large consulting firms. Halo Group specializes in providing UX/UI, data and analytics, and cloud consultants as well as experts in all areas of security, project governance and multi-platform application development. A Highlands Ventures company with offices in Detroit, Atlanta, Chicago and Dallas, Halo Group has seen swift growth as demand for high level IT talent continues to increase.