M&A Deal Summary |
|
|---|---|
| Date | 2024-09-03 |
| Target | Action Elevator |
| Sector | Business Services |
| Buyer(s) | H.I.G. Private Equity |
| Sellers(s) | Southwest Elevator |
| Deal Type | Divestiture |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider 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 is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 362 of 385 |
| Sector: Business Services M&A | 41 of 45 |
| Type: Divestiture M&A Deals | 45 of 48 |
| State: Maryland M&A | 6 of 6 |
| Country: United States M&A | 241 of 251 |
| Year: 2024 M&A | 15 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-05 |
Usalco
Baltimore, Maryland, United States Usalco is a provider of high-quality aluminum chemicals used in water and wastewater treatment, refinery catalysts, and other industrial end-market applications. Usalco was founded in 1980 and is based in Baltimore, Maryland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-18 |
Velocity Solutions
Fort Lauderdale, Florida, United States Velocity Solutions provides technology solutions that drive revenue, service, and compliance for community banks and credit unions. The company's Velocity Intelligent Platform powers all of Velocity’s solutions, using machine-led intelligence that delivers powerful analytics, manages risk, and drives revenue, loans, account holder engagement, and non-interest income to its client financial institutions. Velocity Solutions was formed in 1995 and is based in Fort Lauderdale, Florida. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Business Services |
Southwest Elevator is an independent union provider of preventative maintenance, repair, and modernization services for elevators and escalators. Southwest Elevator performs work for property owners and managers across a variety of end markets, including commercial offices, educational facilities, medical centers, museums, and restaurants. Southwest Elevator was founded in 2003 and is based in Fort Worth, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Business Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Maryland M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-15 |
Action Elevator
Millersville, Maryland, United States Action Elevator is a regional independent elevator services company serving building owners and property managers throughout the Mid-Atlantic region. The Company offers maintenance, repair, and modernization services critical to the operational safety and uptime across the elevator lifecycle. Action Elevator was founded in 2012 and is based in Millersville, Maryland. |
Buy | - |
