Secondary Buyout • E-Commerce

H.I.G. Private Equity Acquires Health-E Commerce

On June 18, 2024, private equity firm H.I.G. Private Equity acquired e-commerce company Health-E Commerce from BPOC

Acquisition Context
  • This is H.I.G. Private Equity’s 2nd transaction in the E-Commerce sector.
  • This is H.I.G. Private Equity’s 238th transaction in the United States.
  • This is H.I.G. Private Equity’s 14th transaction in New York.

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M&A Deal Summary

Date June 18, 2024
Target Health-E Commerce
Sector E-Commerce
Buyer(s) H.I.G. Private Equity
Sellers(s) BPOC
Deal Type Secondary Buyout
Advisor(s) William Blair
Raymond James - Investment Banking (Financial)
Paul Hastings (Legal)

Target Company

Health-E Commerce

New York, New York, United States
Health-E Commerce is the parent company of FSA Store and HSA Store online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. Health-E Commerce was founded in 2010 and is based in New York City.
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Buyer Overview 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 Context for Buyer #
Overall 357 of 385
Sector: E-Commerce 2 of 2
Type: Secondary Buyout 64 of 73
State: New York 14 of 14
Country: United States 238 of 251
Year: 2024 10 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 Mobile Health

Palo Alto, California, United States

Mobile Health is an end-to-end digital health, wellness, and virtual care platform focused on reducing healthcare costs for employers and creating improved health outcomes for employees. Mobile Health was founded in 2012 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Acqua & Sapone

Milan, Italy

Acqua & Sapone is a non-food discount retail brand, sells a wide range of household and personal care products at value prices through a network of over 700 retail locations. Acqua & Sapone is based in Milan, Italy.

Sell -

Seller Profile 1

SELLER

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 37 of 37
Sector: E-Commerce 1 of 1
Type: Secondary Buyout 6 of 6
State: New York 3 of 3
Country: United States 36 of 36
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 Atlas Clinical Research

Durham, North Carolina, United States

Atlas Clinical Research specializes in infectious disease, CNS, gastroenterology, cardiovascular, metabolic, and general medicine and plans to expand across the United States to reach a broad and diverse population of waiting patients. Atlas Clinical Research is based in Durham, North Carolina.

Buy -