M&A Deal Summary

H.I.G. Private Equity Acquires Segers

On April 9, 2024, private equity firm H.I.G. Private Equity acquired aerospace company Segers

Acquisition Highlights
  • This is H.I.G. Private Equity’s 2nd transaction in the Aerospace sector.
  • This is H.I.G. Private Equity’s 235th transaction in the United States.
  • This is H.I.G. Private Equity’s 3rd transaction in Alabama.

M&A Deal Summary
Date 2024-04-09
Target Segers
Sector Aerospace
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Segers

Fairhope, Alabama, United States
Segers provides full repair and overhaul of Hercules and P-3 propellers, including valve housings and pump housings. Segers was founded in 1976 and is based in Fairhope, Alabama.

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Buyer(S) 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 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.

DEAL STATS #
Overall 354 of 369
Sector (Aerospace) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 106 of 112
State (Alabama) 3 of 3
Country (United States) 235 of 245
Year (2024) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Strada

Doral, Florida, United States

Strada provides an end-to-end offering of technology and services, including U.S. and multi-country global payroll, HR administration & outsourced services, and cloud technology advisory deployment & application managed services. Strada is based in Doral, Florida.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 USA DeBusk

Deer Park, Texas, United States

USA DeBusk is a provider of highly specialized mechanical and industrial cleaning services including hydro blasting, transportation services, hydro cutting, vacuum services, chemical cleaning, hydro excavation, pigging and decoking services, hot and fixed bed inert catalyst handling and cleaning services, and specialty turnaround services. The company operates out of 22 field offices, providing services for customers in a wide variety of end-markets such as the downstream refining, petrochemical, power generation, and manufacturing sectors. USA DeBusk was founded in 2012 and is based in Deer Park, Texas.

Buy -
Mergr

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