H.I.G. Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, H.I.G. Capital has acquired 51 companies. It has also invested in 27 others.

H.I.G. Capital’s most common sectors for investment arebusiness services (11%) and healthcare services (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (30%) and growth capital (20%). In total, H.I.G. Capital has invested in 35 US states and 19 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Oxford Global Resources for $525M.

In the last 3 years, H.I.G. Capital has exited 33 companies. The Firm’s most common exit type is trade sale (43%). H.I.G. Capital’s largest (disclosed) exit occurred in 2018 when it sold FNZ Group for $2.5B.

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M&A Summary

  • M&A Total Activity476
    • M&A Buy Activity330
    • M&A Sell Activity146
  • Total Sectors Invested 53
  • Total Countries Invested 19
  • M&A Buy/Sell Connections 142
  • M&A Advisors 40

H.I.G. Capital

1450 Brickell Avenue, 31st Floor,
Miami, Florida 33131
United States
(305) 379-2322
www.higcapital.com
info@higcapital.com

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


Investment Criteria

Sectors of Interest: Aerospace, Agriculture, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Engineering, Environmental, Financial Services, Food, Forest Products, Furniture, Healthcare Services, Information Technology, Insurance, Leisure, Life Science, Machinery, Manufacturing, Marine, Marketing, Metals/Mining, Plastics, Publishing, Real Estate, Retail, Safety/Security, Software, Staffing, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Western Europe, Eastern Europe

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 50 500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (18.8/yr) # 236 17 17 35 19 6 330
vol $2.1B $265M $1.0B $3.3B
Sell (7.8/yr) # 107 6 6 16 8 3 146
vol $7.3B $935M $295M $8.6B
  476

Most Recent M&A

Company Date Value Type
Tower Engineering Professionals, Inc. 2023-04-12 - Secondary Buyout
Raleigh, North Carolina · www.tepgroup.net
office people Personalmanagement GmbH 2023-04-12 - Buyout (LBO, MBO, MBI)
Münster, Germany · www.office-people.de
Elekeiroz S.A. 2023-03-23 - Add-on Acquisition
Varzea Paulista, Brazil · www.elekeiroz.com.br
Polygon S.p.A. 2023-03-08 - Buyout (LBO, MBO, MBI)
Rome, Italy · www.polygon.eu
ProsperOps 2023-02-23 - Growth Capital
Austin, Texas · www.prosperops.com
Pinalli S.r.l. 2023-02-16 - Buyout (LBO, MBO, MBI)
Milan, Italy · www.pinalli.it
Eruptr LLC 2023-02-07 - Secondary Buyout
Lakewood Ranch, Florida · www.eruptr.com
Classic Lifts Ltd. 2023-01-17 - Buyout (LBO, MBO, MBI)
Rotherham, United Kingdom · www.classiclifts.co.uk
Medusind, Inc. 2023-01-12 - Secondary Buyout
Miami, Florida · www.medusind.com
Milestone Technologies, Inc. 2022-12-13 - Secondary Buyout
Fremont, California · www.milestonepowered.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Circle Graphics, Inc. 2019-10-02 Anthem Displays LLC 2022-10-21 1
Longmont, Colorado · www.circlegraphicsonline.com Elizabethtown, North Carolina · www.anthemdisplays.com
Time Manufacturing Co. 2021-12-03 France Elévateur SA 2022-06-27 1
Waco, Texas · www.timemfg.com Flavigny sur Moselle, France · www.france-elevateur.fr
M.J. Maillis Group 2015-02-20 Maillis Plastics Solutions 2022-04-04 2
Athens, Greece · www.maillis.com Karczew, Poland
Nadir Figueiredo Indústria e Comércio S.A. 2019-09-04 Cristar Tabletop S.A.S. 2022-03-17 1
São Paulo, Brazil · www.nadirfigueiredo.com.br Envigado, Colombia · www.cristar.com.co
Capstone Logistics LLC 2020-10-21 Insource Performance Solutions LLC 2022-01-10 2
Peachtree Corners, Georgia · www.capstonelogistics.com Charlotte, North Carolina · www.insourceperforms.com
Royo Group SL 2016-12-23 Fiora Bath Collections, S.L. 2021-09-13 2
Valencia, Spain · www.royogroup.com Nájera, Spain · www.fiorabath.com
Dominion Colour Corp. 2016-10-05 Sun Chemical - Performance Pigments Plant 2021-08-04 2
Toronto, Ontario · www.pigments.com Parsippany, New Jersey
St. Croix Hospice LLC 2020-10-19 Silverado Hospice - Des Plaines Operations 2021-07-12 6
Oakdale, Minnesota · www.stcroixhospice.com Des Plaines, Illinois
Royo Group SL 2016-12-23 Royo Group International Bathroom 2021-01-20 1
Valencia, Spain · www.royogroup.com Valencia, Spain · www.rginternationalbathroom.com
Royo Group SL 2016-12-23 RGIB - Shower Tray Business 2021-01-20 1
Valencia, Spain · www.royogroup.com Valencia, Spain

M&A by Sector

Sector Current # Value All-time # Value
Business Services 14 (8%) - 35 (11%) -
Healthcare Services 14 (8%) - 24 (7%) 278M (8%)
Information Technology 12 (7%) 283M (18%) 23 (7%) 643M (19%)
Marketing 8 (5%) - 17 (5%) 59M (2%)
Building Materials 6 (4%) 500M (32%) 15 (5%) 720M (22%)
Transportation 9 (5%) - 15 (5%) 29M (1%)
Distribution 5 (3%) - 13 (4%) -
Chemicals 6 (4%) - 12 (4%) 572M (17%)
Software 9 (5%) - 12 (4%) -
Internet Software and Services 9 (5%) - 11 (3%) -
Manufacturing 3 (2%) - 9 (3%) -
Consumer Products 5 (3%) - 8 (2%) -
Food 2 (1%) - 8 (2%) -
Staffing 4 (2%) 525M (33%) 7 (2%) 525M (16%)
Automotive 2 (1%) - 7 (2%) -
Medical Products 3 (2%) - 6 (2%) 75M (2%)
Environmental 2 (1%) - 6 (2%) -
Packaging 4 (2%) - 6 (2%) -
Life Science 4 (2%) 265M (17%) 5 (2%) 265M (8%)
Construction 3 (2%) - 5 (2%) -
Energy Services and Equipment 3 (2%) - 5 (2%) -
Forest Products 2 (1%) - 5 (2%) -
Restaurants 4 (2%) - 5 (2%) -
Real Estate 2 (1%) - 4 (1%) 100M (3%)
Communications 2 (1%) - 4 (1%) 75M (2%)
Apparel/Textiles 4 (2%) - 4 (1%) -
Consumer Services 2 (1%) - 4 (1%) -
Leisure 3 (2%) - 4 (1%) -
Machinery 2 (1%) - 4 (1%) -
Technology Hardware 2 (1%) - 4 (1%) -
Education 1 (1%) - 3 (1%) -
Electrical Equipment 2 (1%) - 3 (1%) -
Financial Services - - 3 (1%) -
Media - - 3 (1%) -
Metals/Mining 1 (1%) - 3 (1%) -
Beverages 1 (1%) - 2 (1%) -
Electronics 1 (1%) - 2 (1%) -
Engineering 1 (1%) - 2 (1%) -
Furniture 1 (1%) - 2 (1%) -
Information Services 2 (1%) - 2 (1%) -
Insurance 1 (1%) - 2 (1%) -
Plastics - - 2 (1%) -
Publishing - - 2 (1%) -
Retail 1 (1%) - 2 (1%) -
Test/Measurement Equipment - - 2 (1%) -
Utilities - - 2 (1%) -
Aerospace - - 1 (< 1%) -
Agriculture - - 1 (< 1%) -
Digital Media 1 (1%) - 1 (< 1%) -
E-Commerce 1 (1%) - 1 (< 1%) -
Marine - - 1 (< 1%) -
Renewable Energy 1 (1%) - 1 (< 1%) -
Safety/Security - - 1 (< 1%) -
Total 165 $1.6B 331 $3.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 97 (59%) 823M (52%) 218 (66%) 2.2B (67%)
  California 14 (8%) - 27 (8%) 392M (12%)
  Florida 6 (4%) - 23 (7%) -
  Texas 10 (6%) - 21 (6%) 75M (2%)
  Illinois 8 (5%) - 16 (5%) 22M (1%)
  Georgia 1 (1%) - 14 (4%) -
  New York 6 (4%) - 13 (4%) 278M (8%)
  Virginia 5 (3%) 283M (18%) 9 (3%) 283M (8%)
  Massachusetts 4 (2%) 525M (33%) 9 (3%) 885M (26%)
  Ohio 1 (1%) - 8 (2%) 29M (1%)
  North Carolina 6 (4%) - 7 (2%) -
  New Jersey 4 (2%) 15M (1%) 6 (2%) 90M (3%)
  Arizona 4 (2%) - 6 (2%) -
  Utah 4 (2%) - 6 (2%) -
  Pennsylvania 2 (1%) - 5 (2%) -
  Tennessee 1 (1%) - 5 (2%) -
  Michigan 1 (1%) - 5 (2%) -
  Colorado 3 (2%) - 4 (1%) -
  Minnesota 3 (2%) - 4 (1%) -
  Wisconsin 2 (1%) - 3 (1%) -
  Maryland 2 (1%) - 3 (1%) -
  Louisiana 1 (1%) - 3 (1%) 180M (5%)
  Missouri 1 (1%) - 3 (1%) -
  Indiana 2 (1%) - 2 (1%) -
  Arkansas 1 (1%) - 2 (1%) -
  Washington 1 (1%) - 2 (1%) -
  Alabama - - 2 (1%) -
  Mississippi - - 2 (1%) -
  Connecticut 1 (1%) - 1 (< 1%) -
  West Virginia 1 (1%) - 1 (< 1%) -
  Nebraska 1 (1%) - 1 (< 1%) -
  Iowa 1 (1%) - 1 (< 1%) -
  Idaho - - 1 (< 1%) -
  Oklahoma - - 1 (< 1%) -
  New Hampshire - - 1 (< 1%) -
  Kansas - - 1 (< 1%) -
United Kingdom 10 (6%) 500M (32%) 24 (7%) 637M (19%)
Brazil 12 (7%) - 16 (5%) -
Germany 6 (4%) - 14 (4%) -
Canada 8 (5%) 250M (16%) 13 (4%) 469M (14%)
  Ontario 4 (2%) - 6 (2%) 80M (2%)
  Quebec 2 (1%) - 2 (1%) -
  British Columbia 1 (1%) - 2 (1%) -
  Prince Edward Island 1 (1%) 250M (16%) 1 (< 1%) 250M (7%)
  Alberta - - 1 (< 1%) 139M (4%)
  Manitoba - - 1 (< 1%) -
Italy 10 (6%) - 12 (4%) -
France 4 (2%) - 10 (3%) -
Spain 7 (4%) - 9 (3%) -
Greece 3 (2%) - 3 (1%) -
Belgium 1 (1%) - 2 (1%) -
Netherlands 1 (1%) - 2 (1%) -
Chile 1 (1%) - 1 (< 1%) -
Colombia 1 (1%) - 1 (< 1%) -
Norway 1 (1%) - 1 (< 1%) -
Peru 1 (1%) - 1 (< 1%) -
Poland 1 (1%) - 1 (< 1%) -
Sweden 1 (1%) - 1 (< 1%) -
Austria - - 1 (< 1%) -
Switzerland - - 1 (< 1%) -
Domestic 97 (59%) 823M (52%) 218 (66%) 2.2B (67%)
Cross-border 68 (41%) 750M (48%) 113 (34%) 1.1B (33%)
Total 165 $1.6B 331 $3.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 44 (27%) - 98 (30%) 514M (15%)
Growth Capital 40 (24%) - 63 (19%) -
Secondary Buyout 32 (19%) - 54 (16%) -
Divestiture 22 (13%) 1.3B (82%) 41 (12%) 1.6B (48%)
Recapitalization 4 (2%) - 24 (7%) -
Stake Purchase 9 (5%) - 17 (5%) -
Venture 6 (4%) - 10 (3%) -
Going Private 2 (1%) 283M (18%) 9 (3%) 1.2B (37%)
Special Situations/Distressed 3 (2%) - 8 (2%) -
Consolidation 3 (2%) - 6 (2%) -
PIPE - - 1 (< 1%) -
Total 165 $1.6B 331 $3.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 59 (40%) 2.6B (31%)
Trade Sale 42 (29%) 1.3B (15%)
Trade Sale - Public Company 25 (17%) 4.5B (54%)
Bankruptcy 5 (3%) -
Merger 5 (3%) -
IPO 3 (2%) -
Sold to Management 3 (2%) -
Shut Down 2 (1%) -
Recapitalization 1 (1%) -
Stake Sale 1 (1%) -
Total 146 $8.4B

Top M&A Advisors

Financial Deals
Lincoln International
 5
Harris Williams & Co.
 3
Houlihan Lokey
 3
Legal Deals
McDermott Will & Emery LLP
 16
Ropes & Gray LLP
 14
Kirkland & Ellis LLP
 9

Deal Values

buy # Total
$100M to $1B 10 $3.0B
< $100M 7 $333M
TOTAL $3.3B
Largest Oxford Global Resources, Inc.
$525M (2021-08-17)
sell # Total
> $1B 2 $4.3B
$100M to $1B 13 $3.9B
< $100M 5 $292M
TOTAL $8.6B
Largest FNZ Group
$2.5B (2018-10-09)

M&A Connections

Deals
Acquired from
Investor(s)
16%
54 (16%)
Strategic(s)
12%
41 (12%)
Exited to
Investor(s)
41%
60 (41%)
Strategic(s)
47%
69 (47%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

25.0B USD

Established

1993

Specialist/Generalist

Generalist

Leadership

Sami Mnaymneh

Co-founder & Co-CEO

Tony Tamer

Co-Founder & Co-CEO

Susan Gentile

Chief Financial & Administrative Officer

Brian Schwartz

Co-President

Rick Rosen

Co-President

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