Middle market private equity firm Kohlberg & Company has acquired Dallas-based business advisory company Riveron, a portfolio company of private equity firm H.I.G. Capital.

Terms of the deal, which is expected to close in July, were not disclosed.

Miami-based H.I.G. will continue to hold a minority stake in Riveron, which provides a suite of accounting, finance, technology, and operations services, while a “significant” percentage of Riveron’s employees will be equity owners of the company.

“We look forward to contributing our team’s insights and our capital base to help extend Riveron’s innovative suite of capabilities while maintaining its focus on providing world-class business advisory services to its clients and firmly establishing the company as the employer of choice in the industry,” says Ahmed Wahla, partner and head of business services at Kohlberg.

Founded in 1987, Mount Kisco, NY-based Kohlberg has organized 11 private equity vehicles totaling more than $14 billion. The firm invests in a variety of transactions including leveraged carveouts, take-private transactions and acquisitions of privately held companies.

H.I.G. currently manages $55 billion in assets across buyout, debt, real estate and infrastructure.