H.I.G. Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, H.I.G. Capital has acquired 50 companies. It has also invested in 31 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) (31%) and growth capital (19%). In total, H.I.G. Capital has invested in 34 US states and 17 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 38 companies. The Firm’s most common exit type is trade sale (45%). 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 Activity422
    • M&A Buy Activity294
    • M&A Sell Activity128
  • Total Sectors Invested 52
  • Total Countries Invested 17
  • M&A Buy/Sell Connections 134
  • M&A Advisors 29

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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (20.2/yr) # 193 20 21 16 15 29 294
vol $1.8B $283M $250M $1.0B $3.3B
Sell (10.2/yr) # 77 13 17 6 4 11 128
vol $2.3B $217M $4.8B $935M $295M $8.6B
  422

Most Recent M&A

Company Date Value Type
Quicken, Inc. 2021-09-09 - Secondary Buyout
Menlo Park, California · www.quicken.com
Jackson Paper Manufacturing Co. 2021-09-01 - Buyout (LBO, MBO, MBI)
Sylva, North Carolina · www.jacksonpaper.net
Pegasus Home Fashions, Inc. 2021-08-19 - Buyout (LBO, MBO, MBI)
Elizabeth, New Jersey · www.pegasushomefashions.com
Empire Today LLC 2021-08-19 - Secondary Buyout
Northlake, Illinois · www.empiretoday.com
Oxford Global Resources, Inc. 2021-08-17 525M USD Divestiture
Beverly, Massachusetts · www.oxfordcorp.com
Telescope, Inc. 2021-08-12 - Add-on Acquisition
Los Angeles, California · www.telescope.tv
The Bluebird Group LLC 2021-08-09 - Growth Capital
Minneapolis, Minnesota · www.thebluebirdgrp.com
North America Central School Bus LLC 2021-08-02 - Secondary Buyout
Joliet, Illinois · www.northamericacentral.com
France Quick SAS 2021-08-02 - Divestiture
Saint-Maximin, France · www.quick.fr
United States Medical Supply, Inc. 2021-07-27 - Add-on Acquisition
Doral, Florida · www.usmed.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
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 3
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
Hart & Cooley LLC 2020-10-07 Hart & Cooley Flexible Duct Business 2020-12-21 1
Grand Rapids, Michigan · www.hartandcooley.com Grand Rapids, Michigan
Vernacare Ltd. 2020-02-18 Frontier Medical - Infection Prevention Business 2020-07-14 1
Chorley, United Kingdom · www.vernacare.com Blackwood, United Kingdom
Supply Source Enterprises 2020-06-30 Impact Products LLC 2020-06-30 1
Guilford, Connecticut · www.safety-zone.com Toledo, Ohio · www.impact-products.com
Haltermann Carless Specialties 2011-07-18 Haltermann GmbH - Oxo-Product Business 2020-03-23 1
Hamburg, Germany · www.haltermann.com Manvel, Texas
Eletromidia S.A. 2013-09-09 Elemidia S.A. 2020-02-04 3
Barueri, Brazil · www.eletromidia.com.br São Paulo, Brazil · www.elemidia.com.br

M&A by Sector

Sector Current # Value All-time # Value
Business Services 11 (8%) - 30 (10%) -
Healthcare Services 12 (8%) - 22 (7%) 278M (8%)
Information Technology 12 (8%) 283M (18%) 20 (7%) 643M (19%)
Marketing 9 (6%) - 17 (6%) 59M (2%)
Building Materials 5 (3%) 500M (32%) 14 (5%) 720M (22%)
Transportation 7 (5%) - 13 (4%) 29M (1%)
Chemicals 8 (5%) - 12 (4%) 572M (17%)
Distribution 3 (2%) - 10 (3%) -
Software 7 (5%) - 10 (3%) -
Manufacturing 4 (3%) - 9 (3%) -
Environmental 5 (3%) - 8 (3%) -
Food 2 (1%) - 8 (3%) -
Automotive 2 (1%) - 7 (2%) -
Internet Software and Services 6 (4%) - 7 (2%) -
Medical Products 3 (2%) - 6 (2%) 75M (2%)
Consumer Products 3 (2%) - 6 (2%) -
Staffing 2 (1%) 525M (34%) 5 (2%) 525M (16%)
Consumer Services 3 (2%) - 5 (2%) -
Packaging 4 (3%) - 5 (2%) -
Restaurants 4 (3%) - 5 (2%) -
Communications 2 (1%) - 4 (1%) 75M (2%)
Apparel/Textiles 4 (3%) - 4 (1%) -
Construction 2 (1%) - 4 (1%) -
Energy Services and Equipment 2 (1%) - 4 (1%) -
Technology Hardware 2 (1%) - 4 (1%) -
Real Estate 1 (1%) - 3 (1%) 100M (3%)
Education 1 (1%) - 3 (1%) -
Financial Services 1 (1%) - 3 (1%) -
Forest Products 1 (1%) - 3 (1%) -
Leisure 2 (1%) - 3 (1%) -
Machinery 2 (1%) - 3 (1%) -
Media 1 (1%) - 3 (1%) -
Metals/Mining 1 (1%) - 3 (1%) -
Life Science 2 (1%) 250M (16%) 2 (1%) 250M (8%)
Beverages 1 (1%) - 2 (1%) -
Electrical Equipment 1 (1%) - 2 (1%) -
Electronics 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%) -
Engineering - - 1 (< 1%) -
Marine - - 1 (< 1%) -
Safety/Security - - 1 (< 1%) -
Total 146 $1.6B 294 $3.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 86 (59%) 808M (52%) 194 (66%) 2.2B (67%)
  California 12 (8%) - 22 (7%) 392M (12%)
  Florida 6 (4%) - 21 (7%) -
  Texas 7 (5%) - 18 (6%) 75M (2%)
  Georgia 1 (1%) - 14 (5%) -
  New York 8 (5%) - 13 (4%) 278M (8%)
  Illinois 5 (3%) - 13 (4%) 22M (1%)
  Massachusetts 4 (3%) 525M (34%) 8 (3%) 885M (27%)
  Virginia 4 (3%) 283M (18%) 8 (3%) 283M (9%)
  Ohio 2 (1%) - 8 (3%) 29M (1%)
  Arizona 4 (3%) - 6 (2%) -
  North Carolina 4 (3%) - 5 (2%) -
  Utah 3 (2%) - 5 (2%) -
  Tennessee 1 (1%) - 5 (2%) -
  Minnesota 3 (2%) - 4 (1%) -
  Colorado 3 (2%) - 4 (1%) -
  New Jersey 2 (1%) - 4 (1%) 75M (2%)
  Michigan 2 (1%) - 4 (1%) -
  Pennsylvania 1 (1%) - 4 (1%) -
  Maryland 2 (1%) - 3 (1%) -
  Louisiana 1 (1%) - 3 (1%) 180M (5%)
  Missouri 1 (1%) - 3 (1%) -
  Wisconsin 2 (1%) - 2 (1%) -
  Indiana 2 (1%) - 2 (1%) -
  Washington 1 (1%) - 2 (1%) -
  Mississippi 1 (1%) - 2 (1%) -
  Arkansas 1 (1%) - 2 (1%) -
  Alabama - - 2 (1%) -
  Iowa 1 (1%) - 1 (< 1%) -
  Connecticut 1 (1%) - 1 (< 1%) -
  Oklahoma - - 1 (< 1%) -
  New Hampshire - - 1 (< 1%) -
  Kansas - - 1 (< 1%) -
  Idaho - - 1 (< 1%) -
United Kingdom 5 (3%) 500M (32%) 19 (6%) 637M (19%)
Brazil 13 (9%) - 16 (5%) -
Canada 8 (5%) 250M (16%) 13 (4%) 469M (14%)
  Ontario 4 (3%) - 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 (8%)
  Alberta - - 1 (< 1%) 139M (4%)
  Manitoba - - 1 (< 1%) -
Germany 7 (5%) - 13 (4%) -
France 6 (4%) - 10 (3%) -
Italy 7 (5%) - 9 (3%) -
Spain 5 (3%) - 7 (2%) -
Greece 3 (2%) - 3 (1%) -
Belgium 1 (1%) - 2 (1%) -
Netherlands 1 (1%) - 2 (1%) -
Colombia 1 (1%) - 1 (< 1%) -
Norway 1 (1%) - 1 (< 1%) -
Poland 1 (1%) - 1 (< 1%) -
Sweden 1 (1%) - 1 (< 1%) -
Austria - - 1 (< 1%) -
Switzerland - - 1 (< 1%) -
Domestic 86 (59%) 808M (52%) 194 (66%) 2.2B (67%)
Cross-border 60 (41%) 750M (48%) 100 (34%) 1.1B (33%)
Total 146 $1.6B 294 $3.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 38 (26%) - 89 (30%) 514M (15%)
Growth Capital 37 (25%) - 54 (18%) -
Secondary Buyout 24 (16%) - 42 (14%) -
Divestiture 23 (16%) 1.3B (82%) 38 (13%) 1.6B (47%)
Recapitalization 2 (1%) - 21 (7%) -
Stake Purchase 9 (6%) - 17 (6%) -
Going Private 2 (1%) 283M (18%) 9 (3%) 1.2B (37%)
Venture 5 (3%) - 9 (3%) -
Special Situations/Distressed 3 (2%) - 8 (3%) -
Consolidation 3 (2%) - 6 (2%) -
PIPE - - 1 (< 1%) -
Total 146 $1.6B 294 $3.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 47 (37%) 2.6B (31%)
Trade Sale 37 (29%) 1.3B (15%)
Trade Sale - Public Company 25 (20%) 4.5B (54%)
Merger 5 (4%) -
Bankruptcy 4 (3%) -
IPO 3 (2%) -
Sold to Management 3 (2%) -
Shut Down 2 (2%) -
Recapitalization 1 (1%) -
Stake Sale 1 (1%) -
Total 128 $8.4B

Top M&A Advisors

Financial Deals
Lincoln International
 5
Houlihan Lokey
 3
Credit Suisse Investment Banking
 3
Legal Deals
McDermott Will & Emery LLP
 10
Ropes & Gray LLP
 10
Kirkland & Ellis LLP
 7

Deal Values

buy # Total
$100M to $1B 10 $3.0B
< $100M 6 $318M
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)
14%
42 (14%)
Strategic(s)
13%
38 (13%)
Exited to
Investor(s)
38%
48 (38%)
Strategic(s)
50%
64 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

25.0B USD

Established

1993

Specialist/Generalist

Generalist

Leadership

Tony Tamer

Co-Founder & Co-CEO

Sami Mnaymneh

Founder & Co-CEO

Brian Schwartz

Co-President

Rick Rosen

Co-President

Wolfgang Biedermann

Executive Managing Director

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