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Duluth Today
By the People, for the People
Mill Point Capital Completes Sale of Verinext
Verinext acquired by Arctiq, a leading provider of professional IT solutions and managed services
Published on Feb. 4, 2026
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Mill Point Capital LLC, a private equity firm, has announced the sale of Verinext Corp., a leading IT services platform, to Arctiq, Inc., a provider of professional IT solutions and managed services. Verinext CEO Brian Glahn stated that with Mill Point's guidance, the company has successfully completed strategic and value-enhancing initiatives across its business and is well-positioned to continue its momentum in the next chapter with Arctiq.
Why it matters
The sale of Verinext to Arctiq represents a significant milestone for both companies, as it allows Verinext to leverage Arctiq's expertise and resources to further expand its offerings and reach, while Arctiq gains a valuable addition to its portfolio of IT services and solutions.
The details
Mill Point Capital, a private equity firm, announced the sale of Verinext Corp., a leading IT services platform, to Arctiq, Inc., a provider of professional IT solutions and managed services. Verinext delivers transformative business outcomes through technology and services, and the company has undergone strategic and value-enhancing initiatives with the guidance of Mill Point. Arctiq is a global, intelligence-driven technology services firm that helps organizations operate, secure, and modernize complex environments.
- Mill Point Capital announced the sale of Verinext on February 4, 2026.
The players
Mill Point Capital LLC
A private equity firm focused on control investments in middle-market companies in North America across the Business Services, Industrials and IT Services sectors.
Verinext Corp.
A leading IT services platform providing end-to-end technology solutions for mid-market and enterprise clients.
Arctiq, Inc.
A leading provider of professional IT solutions and managed services.
Brian Glahn
Chief Executive Officer of Verinext.
Michael Duran
Managing Partner at Mill Point.
What they’re saying
“It has been a pleasure partnering with the Verinext management team and dedicated employees. Their relentless efforts have transformed the Company into a scaled and diversified platform centered on high-growth technology areas and capabilities, while meeting the increasing demands and needs of their customers. We look forward to their continued success alongside Arctiq.”
— Michael Duran, Managing Partner at Mill Point (businesswire.com)
“With Mill Point's guidance and support, we have successfully completed many strategic and value enhancing initiatives across all areas of our business. I am proud of the accomplishments of our team and believe we are well positioned to continue the momentum in our next chapter with Arctiq.”
— Brian Glahn, Chief Executive Officer of Verinext (businesswire.com)
“Brian and the Verinext team have been critical partners over the years. The entire organization's dedication to Verinext has been clear, and we look forward to seeing the Company reach even greater heights.”
— Michael Perdue, Executive Partner of Mill Point (businesswire.com)
The takeaway
The sale of Verinext to Arctiq represents a strategic move that will allow the IT services platform to leverage Arctiq's expertise and resources to further expand its offerings and reach, while also providing Arctiq with a valuable addition to its portfolio of IT services and solutions.
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