H.I.G. Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, H.I.G. Private Equity has acquired 75 companies. It has also invested in 21 others.

H.I.G. Private Equity’s most common sectors for investment arebusiness services (12%) and healthcare services (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (31%) and secondary buyout (19%). In total, H.I.G. Private Equity has invested in 35 US states and 19 different countries. Its largest (disclosed) acquisition occurred in 2024 when it acquired Strada for $1.2B.

In the last 3 years, H.I.G. Private Equity has exited 52 companies. The Firm’s most common exit type is trade sale (42%). H.I.G. Private Equity’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 Activity540
    • M&A Buy Activity366
    • M&A Sell Activity174
  • Total Sectors Invested 54
  • Total Countries Invested 19
  • M&A Buy/Sell Connections 157
  • M&A Advisors 52

H.I.G. Private Equity

H.I.G. Capital LLC

1450 Brickell Avenue, 31st Floor,
Miami, Florida 33131
United States
(305) 379-2322
www.higprivateequity.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 - $1000 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 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (22.0/yr) # 256 17 35 22 14 22 366
vol $2.3B $1.0B $915M $375M $1.7B $6.3B
Sell (12.0/yr) # 114 8 20 10 12 10 174
vol $7.3B $935M $295M $660M $925M $10.2B
  540

Most Recent M&A

Company Date Value Type
Deenova S.r.l. 2024-11-21 - Secondary Sale
Gragnano Trebbiense, Italy · www.deenova.com
Life Agro 2024-11-05 - Buyout (LBO, MBO, MBI)
Chapeco, Brazil · www.lifeagro.com.br
CompTIA, Inc. 2024-11-04 - Buyout (LBO, MBO, MBI)
Downers Grove, Illinois · www.comptia.org
Rainham Industrial Services 2024-10-22 - Buyout (LBO, MBO, MBI)
Little Warley, United Kingdom · www.rainhamis.com
STS Aviation Group 2024-10-08 - Secondary Buyout
Jensen Beach, Florida · www.stsaviationgroup.com
PolarDC Group Ltd. 2024-10-07 - Buyout (LBO, MBO, MBI)
London, United Kingdom · www.polardc.com
SkinCure Oncology 2024-10-01 - Secondary Buyout
Burr Ridge, Illinois · www.skincureoncology.com
Greenflash Infrastructure 2024-09-25 - Growth Capital
Houston, Texas · www.gfinfra.com
Velocity Solutions LLC 2024-09-18 - Trade Sale
Fort Lauderdale, Florida · www.myvelocity.com
Action Elevator Co. 2024-09-03 - Divestiture
Millersville, Maryland · www.actionelevator.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Recochem, Inc. 2023-11-06 KIK Consumer Products - Auto Care Business 2024-06-18 1
Montreal, Quebec · www.recochem.com Lawrenceville, Georgia
Hibu, Inc. 2021-03-26 Signpost, Inc. 2023-09-11 2
Cedar Rapids, Iowa · www.hibu.com New York, New York · www.signpost.com
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 Industria e Comercio S.A. 2019-09-04 Cristar Tabletop S.A.S. 2022-03-17 1
São Paulo, Brazil · www.nadir.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
St. Croix Hospice LLC 2020-10-19 Silverado Hospice - Des Plaines Operations 2021-07-12 6
Oakdale, Minnesota · www.stcroixhospice.com Des Plaines, Illinois
Vernacare Ltd. 2020-02-18 Frontier Medical - Infection Prevention Business 2020-07-14 1
Chorley, United Kingdom · www.vernacare.com Blackwood, United Kingdom
Amsive LLC 2018-12-11 SourceLink LLC 2019-11-21 5
Bolingbrook, Illinois · www.amsive.com Itasca, Illinois · www.sourcelink.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 17 (10%) 1.2B (28%) 41 (11%) 1.2B (19%)
Healthcare Services 15 (9%) - 27 (7%) 278M (4%)
Information Technology 11 (7%) 283M (7%) 25 (7%) 643M (10%)
Transportation 9 (5%) 473M (11%) 18 (5%) 501M (8%)
Marketing 7 (4%) - 18 (5%) 59M (1%)
Chemicals 4 (2%) - 14 (4%) 572M (9%)
Building Materials 4 (2%) - 14 (4%) 219M (3%)
Distribution 4 (2%) - 13 (4%) -
Software 8 (5%) 915M (21%) 12 (3%) 915M (15%)
Internet Software and Services 9 (5%) - 12 (3%) -
Manufacturing 2 (1%) - 10 (3%) -
Consumer Products 5 (3%) - 9 (2%) -
Food 3 (2%) - 9 (2%) -
Automotive 3 (2%) - 8 (2%) -
Staffing 4 (2%) 525M (12%) 7 (2%) 525M (8%)
Medical Products 3 (2%) 375M (9%) 7 (2%) 450M (7%)
Construction 5 (3%) - 7 (2%) -
Environmental 2 (1%) - 7 (2%) -
Life Science 4 (2%) 15M (< 1%) 6 (2%) 265M (4%)
Energy Services and Equipment 3 (2%) - 6 (2%) -
Consumer Services 1 (1%) - 5 (1%) -
Forest Products 2 (1%) - 5 (1%) -
Machinery 3 (2%) - 5 (1%) -
Packaging 3 (2%) - 5 (1%) -
Restaurants 3 (2%) - 5 (1%) -
Real Estate 1 (1%) - 4 (1%) 100M (2%)
Communications 2 (1%) - 4 (1%) 75M (1%)
Apparel/Textiles 3 (2%) - 4 (1%) -
Education 1 (1%) - 4 (1%) -
Electrical Equipment 3 (2%) - 4 (1%) -
Leisure 3 (2%) - 4 (1%) -
Technology Hardware 2 (1%) - 4 (1%) -
Retail 1 (1%) 500M (12%) 3 (1%) 500M (8%)
Aerospace 2 (1%) - 3 (1%) -
Financial Services - - 3 (1%) -
Furniture 2 (1%) - 3 (1%) -
Information Services 1 (1%) - 3 (1%) -
Media - - 3 (1%) -
Metals/Mining - - 3 (1%) -
Beverages 1 (1%) - 2 (1%) -
E-Commerce 2 (1%) - 2 (1%) -
Electronics 1 (1%) - 2 (1%) -
Engineering 1 (1%) - 2 (1%) -
Infrastructure 2 (1%) - 2 (1%) -
Insurance 1 (1%) - 2 (1%) -
Plastics - - 2 (1%) -
Publishing - - 2 (1%) -
Test/Measurement Equipment - - 2 (1%) -
Utilities - - 2 (1%) -
Agriculture - - 1 (< 1%) -
Digital Media 1 (1%) - 1 (< 1%) -
Marine - - 1 (< 1%) -
Renewable Energy 1 (1%) - 1 (< 1%) -
Safety/Security - - 1 (< 1%) -
Total 165 $4.3B 369 $6.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 106 (64%) 3.3B (77%) 245 (66%) 4.7B (75%)
  Texas 17 (10%) - 30 (8%) 75M (1%)
  California 14 (8%) 915M (21%) 29 (8%) 1.3B (21%)
  Florida 8 (5%) 1.2B (28%) 28 (8%) 1.2B (19%)
  Illinois 10 (6%) - 18 (5%) 22M (< 1%)
  New York 5 (3%) - 14 (4%) 278M (4%)
  Georgia 1 (1%) - 14 (4%) -
  Massachusetts 4 (2%) 525M (12%) 10 (3%) 885M (14%)
  Ohio 1 (1%) - 9 (2%) 29M (< 1%)
  Virginia 4 (2%) 283M (7%) 8 (2%) 283M (4%)
  North Carolina 5 (3%) - 7 (2%) -
  New Jersey 4 (2%) 15M (< 1%) 7 (2%) 90M (1%)
  Tennessee 3 (2%) - 7 (2%) -
  Colorado 5 (3%) 375M (9%) 6 (2%) 375M (6%)
  Arizona 4 (2%) - 6 (2%) -
  Maryland 4 (2%) - 6 (2%) -
  Utah 3 (2%) - 6 (2%) -
  Michigan 2 (1%) - 6 (2%) -
  Pennsylvania 2 (1%) - 5 (1%) -
  Minnesota 3 (2%) - 4 (1%) -
  Alabama 1 (1%) - 3 (1%) -
  Mississippi 1 (1%) - 3 (1%) -
  Louisiana - - 3 (1%) 180M (3%)
  Wisconsin 1 (1%) - 2 (1%) -
  Indiana 1 (1%) - 2 (1%) -
  Missouri - - 2 (1%) -
  West Virginia 1 (1%) - 1 (< 1%) -
  Nebraska 1 (1%) - 1 (< 1%) -
  Iowa 1 (1%) - 1 (< 1%) -
  Connecticut - - 1 (< 1%) -
  Arkansas - - 1 (< 1%) -
  Washington - - 1 (< 1%) -
  Oklahoma - - 1 (< 1%) -
  New Hampshire - - 1 (< 1%) -
  Kansas - - 1 (< 1%) -
  Idaho - - 1 (< 1%) -
United Kingdom 15 (9%) 973M (23%) 29 (8%) 1.1B (18%)
Brazil 10 (6%) - 17 (5%) -
Germany 7 (4%) - 16 (4%) -
Italy 10 (6%) - 15 (4%) -
Canada 4 (2%) - 14 (4%) 469M (7%)
  Ontario 2 (1%) - 6 (2%) 80M (1%)
  Quebec 1 (1%) - 3 (1%) -
  British Columbia 1 (1%) - 2 (1%) -
  Prince Edward Island - - 1 (< 1%) 250M (4%)
  Alberta - - 1 (< 1%) 139M (2%)
  Manitoba - - 1 (< 1%) -
Spain 4 (2%) - 9 (2%) -
France 1 (1%) - 9 (2%) -
Greece 2 (1%) - 3 (1%) -
Belgium - - 2 (1%) -
Netherlands - - 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 106 (64%) 3.3B (77%) 245 (66%) 4.7B (75%)
Cross-border 59 (36%) 973M (23%) 124 (34%) 1.6B (25%)
Total 165 $4.3B 369 $6.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 47 (28%) - 112 (30%) 514M (8%)
Secondary Buyout 41 (25%) 915M (21%) 68 (18%) 915M (15%)
Growth Capital 35 (21%) - 67 (18%) -
Divestiture 18 (11%) 2.6B (61%) 45 (12%) 3.2B (50%)
Recapitalization 4 (2%) - 25 (7%) -
Stake Purchase 8 (5%) - 17 (5%) -
Going Private 3 (2%) 756M (18%) 10 (3%) 1.7B (27%)
Venture 6 (4%) - 10 (3%) -
Special Situations/Distressed 1 (1%) - 8 (2%) -
Consolidation 2 (1%) - 6 (2%) -
PIPE - - 1 (< 1%) -
Total 165 $4.3B 369 $6.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 68 (39%) 2.6B (26%)
Trade Sale 48 (28%) 1.3B (13%)
Trade Sale - Public Company 28 (16%) 6.1B (61%)
Bankruptcy 10 (6%) -
IPO 6 (3%) -
Merger 6 (3%) -
Sold to Management 4 (2%) -
Shut Down 2 (1%) -
Recapitalization 1 (1%) -
Stake Sale 1 (1%) -
Total 174 $10.0B

Top M&A Advisors

Financial Deals
Lincoln International
 6
Harris Williams & Co.
 5
Guggenheim Securities
 4
Legal Deals
McDermott Will & Emery
 21
Ropes & Gray
 16
Kirkland & Ellis
 10

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 13 $4.8B
< $100M 7 $333M
TOTAL $6.3B
Largest Strada
$1.2B (2024-03-20)
sell # Total
> $1B 2 $4.3B
$100M to $1B 15 $5.5B
< $100M 5 $292M
TOTAL $10.2B
Largest FNZ Group
$2.5B (2018-10-09)

M&A Connections

Deals
Acquired from
Investor(s)
18%
68 (18%)
Strategic(s)
12%
45 (12%)
Exited to
Investor(s)
39%
68 (39%)
Strategic(s)
45%
79 (45%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

65.0B USD

Established

1993

Specialist/Generalist

Generalist

Leadership

Sami Mnaymneh

Co-founder & Co-CEO, Executive Chairman

Tony Tamer

Co-Founder & Executive Chairman

Brian Schwartz

Co-President

Rick Rosen

Co-President

Wolfgang Biedermann

Executive Managing Director & Head of H.I.G. Private Equity

FAQ

When was H.I.G. Private Equity founded?

H.I.G. Private Equity was founded in 1993.

What type of investor is H.I.G. Private Equity?

H.I.G. Private Equity is a private equity firm.

Where is H.I.G. Private Equity headquartered?

H.I.G. Private Equity is headquartered in Miami, Florida.

How much capital does H.I.G. Private Equity have under management?

H.I.G. Private Equity has 65.0B USD under management.

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