Investment Summary

H.I.G. Private Equity Invests In Homewerks

On May 13, 2021, private equity firm H.I.G. Private Equity invested in building materials company Homewerks

Investment Highlights
  • This is H.I.G. Private Equity’s 13th transaction in the Building Materials sector.
  • This is H.I.G. Private Equity’s 189th transaction in the United States.
  • This is H.I.G. Private Equity’s 11th transaction in Illinois.

Investment Summary

Date 2021-05-13
Target Homewerks
Sector Building Materials
Investor(s) H.I.G. Private Equity
Deal Type Growth Capital
Advisor(s) Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Homewerks

Lake Bluff, Illinois, United States
Homewerks develops, sources, and markets bathroom, kitchen, and plumbing products for home and commercial use under the Homewerks, Home NetWerks, Home2O, Tosca, and Aqua Vista brand names. Homewerks was founded in 2006 and is based in Lake Bluff, Illinois.

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Investor(S) 1

Investor

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 STATS #
Overall 287 of 383
Sector: Building Materials M&A 13 of 14
Type: Growth Capital M&A Deals 53 of 67
State: Illinois M&A 11 of 18
Country: United States M&A 189 of 249
Year: 2021 M&A 14 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Infratech Bau

Meppen, Germany

Infratech Bau is a general contractors of infrastructure services deploying fiber-to-the-home (“FTTH”) broadband networks and bringing Gigabit internet to households and businesses. Infratech Bau is based in Meppen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 City Plumbing Supplies

Northampton, United Kingdom

City Plumbing Supplies is a specialist distributor of plumbing, heating, and bathroom products. Highbourne operates under its primary trading brands City Plumbing Supplies (CPS) and Plumbing Trade Supplies (PTS), alongside several specialist online outlets with diverse product offerings. City Plumbing Supplies is based in Northampton, United Kingdom.

Buy £325M