M&A Deal Summary |
|
|---|---|
| Date | 2024-03-20 |
| Target | Payroll and Professional Services Business |
| Sector | Business Services |
| Buyer(s) | H.I.G. Private Equity |
| Sellers(s) | Alight Solutions |
| Deal Type | Divestiture |
| Deal Value | 1.2B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 57.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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.
| DEAL STATS | # |
|---|---|
| Overall | 348 of 350 |
| Sector (Business Services) | 38 of 38 |
| Type (Divestiture) | 44 of 44 |
| State (Illinois) | 17 of 17 |
| Country (United States) | 230 of 232 |
| Year (2024) | 5 of 7 |
| Size (of disclosed) | 1 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-14 |
Spheros
Gilching, Germany Spheros is engaged in the development and manufacture of air conditioning systems, heaters, coolant pumps, and other related hardware. Spheros offers tailored solutions for all passenger buses and coaches (both conventional and electric), as well as refrigerated transportation fleets. Spheros was founded in 1956 and is based in Gilching, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-09 |
Segers
Fairhope, Alabama, United States Segers provides full repair and overhaul of Hercules and P-3 propellers, including valve housings and pump housings. Segers was founded in 1976 and is based in Fairhope, Alabama. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Information Technology |
| Employees | 16,000 |
| Revenue | 2.7B USD (2020) |
Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Business Services) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-06 |
Reed Group
Westminster, Colorado, United States Reed Group is a provider of absence management services that help employers comply with federal and state regulation and get employees back to work quickly and safely. Reed Group has been a trusted partner to employers, insurers, TPAs, government organizations, attorneys, and healthcare providers. Reed Group was formed in 1860 and is based in Westminster, Colorado. |
Buy | - |
