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M&A Deal Summary

H.I.G. Private Equity Acquires DX Group

On January 29, 2024, private equity firm H.I.G. Private Equity acquired transportation company DX Group for 307M GBP

Acquisition Highlights
  • This is H.I.G. Private Equity’s 18th transaction in the Transportation sector.
  • This is H.I.G. Private Equity’s 7th largest (disclosed) transaction.
  • This is H.I.G. Private Equity’s 27th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-01-29
Target DX Group
Sector Transportation
Buyer(s) H.I.G. Private Equity
Deal Type Going Private
Deal Value 307M GBP

Target

DX Group

Datchet, United Kingdom
DX Group provides parcel, freight, secure courier, and logistics services in the United Kingdom and Ireland. The company operates through two segments, DX Freight and DX Express. DX Group was founded in 1975 and is based in Datchet, the United Kingdom.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

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 351 of 379
Sector (Transportation) 18 of 18
Type (Going Private) 10 of 11
Country (United Kingdom) 27 of 29
Year (2024) 4 of 24
Size (of disclosed) 7 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 CHA

Albany, New York, United States

CHA is a diversified, full-service engineering consulting firm providing a wide range of technology-enhanced planning and design services to public, private and institutional clients. CHA was ranked the 36th largest design firm in the United States in 2017 by Engineering News Record and has annual revenue of $290 million. With technical personnel and offices throughout the United States and Canada, CHA offers engineering, architectural, survey, construction, and other services necessary to complete projects on time and within budget. CHA was founded in 1955 and is based in Albany, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Cardinal Logistics

Concord, North Carolina, United States

Cardinal Logistics is a third-party logistics, transportation, and supply chain solutions provider. Cardinal Logistics unique approach to outsourcing combines dedicated shipping resources with extensive industry expertise and the most advanced logistics technology to help companies maximize their supply and demand chains. Cardinal Logistics was founded in 1997 and is based in Concord, North Carolina.

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