H.I.G. Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, H.I.G. Private Equity has acquired 54 companies. It has also invested in 21 others.

H.I.G. Private Equity’s most common sectors for investment arebusiness services (11%) and healthcare services (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (30%) and growth capital (20%). In total, H.I.G. Private Equity has invested in 35 US states and 19 different countries. Its largest (disclosed) acquisition occurred in 2022 when it acquired Mobileum for $915M.

In the last 3 years, H.I.G. Private Equity has exited 31 companies. The Firm’s most common exit type is trade sale (43%). H.I.G. Private Equity’s largest (disclosed) exit occurred in 2018 when it sold FNZ Group for $2.5B.

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M&A Summary

  • M&A Total Activity495
    • M&A Buy Activity344
    • M&A Sell Activity151
  • Total Sectors Invested 53
  • Total Countries Invested 19
  • M&A Buy/Sell Connections 147
  • M&A Advisors 44

H.I.G. Private Equity

H.I.G. Capital, LLC

1450 Brickell Avenue, 31st Floor,
Miami, Florida 33131
United States
(305) 379-2322
www.higprivateequity.com
info@higcapital.com

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 - $500 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.


Investment Criteria

Sectors of Interest: Aerospace, Agriculture, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Engineering, Environmental, Financial Services, Food, Forest Products, Furniture, Healthcare Services, Information Technology, Insurance, Leisure, Life Science, Machinery, Manufacturing, Marine, Marketing, Metals/Mining, Plastics, Publishing, Real Estate, Retail, Safety/Security, Software, Staffing, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Western Europe, Eastern Europe

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 50 500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (17.8/yr) # 255 17 35 20 13 4 344
vol $2.3B $1.0B $915M $375M $473M $5.1B
Sell (7.4/yr) # 114 6 16 8 5 2 151
vol $7.3B $935M $295M $8.6B
  495

Most Recent M&A

Company Date Value Type
Spheros GmbH (dba BB-8) 2024-03-14 - Divestiture
Gilching, Germany · www.spheros.de
Infratech/comcross Holding GmbH 2024-03-11 - Trade Sale
Leonberg, Germany · www.icg-gruppe.de
Cardinal Logistics Management Corp. 2024-02-01 - Trade Sale
Concord, North Carolina · www.cardlog.com
DX Group plc 2024-01-29 473M GBP Going Private
Datchet, United Kingdom · www.dxdelivery.com
CHA Consulting, Inc. 2024-01-23 - Secondary Buyout
Albany, New York · www.chacompanies.com
Patriot Pickle 2024-01-16 - Secondary Buyout
Wayne, New Jersey · www.patriotpickle.com
Penhall Co., Inc. 2023-12-21 - Buyout (LBO, MBO, MBI)
Irving, Texas · www.penhall.com
ZimVie - Spine Business 2023-12-18 375M USD Divestiture
Westminster, Colorado
Mainline Information Systems LLC 2023-12-05 - Buyout (LBO, MBO, MBI)
Tallahassee, Florida · www.mainline.com
Recochem, Inc. 2023-11-06 - Secondary Sale
Montreal, Quebec · www.recochem.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Hibu, Inc. 2021-03-26 Signpost, Inc. 2023-09-11 1
Cedar Rapids, Iowa · www.hibu.com New York, New York · www.signpost.com
Circle Graphics, Inc. 2019-10-02 Anthem Displays LLC 2022-10-21 1
Longmont, Colorado · www.circlegraphicsonline.com Elizabethtown, North Carolina · www.anthemdisplays.com
Time Manufacturing Co. 2021-12-03 France Elévateur SA 2022-06-27 1
Waco, Texas · www.timemfg.com Flavigny sur Moselle, France · www.france-elevateur.fr
M.J. Maillis Group 2015-02-20 Maillis Plastics Solutions 2022-04-04 2
Athens, Greece · www.maillis.com Karczew, Poland
Nadir Figueiredo Indústria e Comércio S.A. 2019-09-04 Cristar Tabletop S.A.S. 2022-03-17 1
São Paulo, Brazil · www.nadirfigueiredo.com.br Envigado, Colombia · www.cristar.com.co
Capstone Logistics LLC 2020-10-21 Insource Performance Solutions LLC 2022-01-10 2
Peachtree Corners, Georgia · www.capstonelogistics.com Charlotte, North Carolina · www.insourceperforms.com
Royo Group SL 2016-12-23 Fiora Bath Collections, S.L. 2021-09-13 2
Valencia, Spain · www.royogroup.com Nájera, Spain · www.fiorabath.com
Dominion Colour Corp. 2016-10-05 Sun Chemical - Performance Pigments Plant 2021-08-04 2
Toronto, Ontario · www.pigments.com Parsippany, New Jersey
St. Croix Hospice LLC 2020-10-19 Silverado Hospice - Des Plaines Operations 2021-07-12 6
Oakdale, Minnesota · www.stcroixhospice.com Des Plaines, Illinois
Royo Group SL 2016-12-23 Royo Group International Bathroom 2021-01-20 1
Valencia, Spain · www.royogroup.com Valencia, Spain · www.rginternationalbathroom.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 16 (9%) - 37 (11%) -
Healthcare Services 16 (9%) 375M (11%) 26 (7%) 653M (13%)
Information Technology 13 (7%) 283M (8%) 24 (7%) 643M (13%)
Marketing 8 (5%) - 18 (5%) 59M (1%)
Transportation 10 (6%) 473M (14%) 17 (5%) 501M (10%)
Building Materials 6 (3%) 500M (15%) 15 (4%) 720M (14%)
Chemicals 6 (3%) - 13 (4%) 572M (11%)
Distribution 5 (3%) - 13 (4%) -
Software 9 (5%) 915M (27%) 12 (3%) 915M (18%)
Internet Software and Services 10 (6%) - 12 (3%) -
Food 3 (2%) - 9 (3%) -
Manufacturing 3 (2%) - 9 (3%) -
Automotive 3 (2%) - 8 (2%) -
Consumer Products 5 (3%) - 8 (2%) -
Staffing 4 (2%) 525M (16%) 7 (2%) 525M (10%)
Construction 5 (3%) - 7 (2%) -
Medical Products 3 (2%) - 6 (2%) 75M (1%)
Environmental 2 (1%) - 6 (2%) -
Packaging 4 (2%) - 6 (2%) -
Life Science 4 (2%) 265M (8%) 5 (1%) 265M (5%)
Energy Services and Equipment 3 (2%) - 5 (1%) -
Forest Products 2 (1%) - 5 (1%) -
Machinery 3 (2%) - 5 (1%) -
Restaurants 4 (2%) - 5 (1%) -
Real Estate 2 (1%) - 4 (1%) 100M (2%)
Communications 2 (1%) - 4 (1%) 75M (1%)
Apparel/Textiles 4 (2%) - 4 (1%) -
Consumer Services 2 (1%) - 4 (1%) -
Leisure 3 (2%) - 4 (1%) -
Technology Hardware 2 (1%) - 4 (1%) -
Education 1 (1%) - 3 (1%) -
Electrical Equipment 2 (1%) - 3 (1%) -
Financial Services - - 3 (1%) -
Information Services 2 (1%) - 3 (1%) -
Media - - 3 (1%) -
Metals/Mining 1 (1%) - 3 (1%) -
Beverages 1 (1%) - 2 (1%) -
Electronics 1 (1%) - 2 (1%) -
Engineering 1 (1%) - 2 (1%) -
Furniture 1 (1%) - 2 (1%) -
Insurance 1 (1%) - 2 (1%) -
Plastics - - 2 (1%) -
Publishing - - 2 (1%) -
Retail 1 (1%) - 2 (1%) -
Test/Measurement Equipment - - 2 (1%) -
Utilities - - 2 (1%) -
Aerospace - - 1 (< 1%) -
Agriculture - - 1 (< 1%) -
Digital Media 1 (1%) - 1 (< 1%) -
E-Commerce 1 (1%) - 1 (< 1%) -
Marine - - 1 (< 1%) -
Renewable Energy 1 (1%) - 1 (< 1%) -
Safety/Security - - 1 (< 1%) -
Total 177 $3.3B 347 $5.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 105 (59%) 2.1B (63%) 229 (66%) 3.5B (69%)
  California 14 (8%) 915M (27%) 27 (8%) 1.3B (26%)
  Florida 7 (4%) - 25 (7%) -
  Texas 12 (7%) - 24 (7%) 75M (1%)
  Illinois 8 (5%) - 16 (5%) 22M (< 1%)
  New York 7 (4%) - 14 (4%) 278M (5%)
  Georgia 1 (1%) - 14 (4%) -
  Massachusetts 5 (3%) 525M (16%) 10 (3%) 885M (17%)
  Virginia 5 (3%) 283M (8%) 9 (3%) 283M (6%)
  Ohio 1 (1%) - 8 (2%) 29M (1%)
  New Jersey 5 (3%) 15M (< 1%) 7 (2%) 90M (2%)
  North Carolina 5 (3%) - 7 (2%) -
  Arizona 4 (2%) - 6 (2%) -
  Utah 4 (2%) - 6 (2%) -
  Michigan 2 (1%) - 6 (2%) -
  Colorado 4 (2%) 375M (11%) 5 (1%) 375M (7%)
  Pennsylvania 2 (1%) - 5 (1%) -
  Tennessee 1 (1%) - 5 (1%) -
  Minnesota 3 (2%) - 4 (1%) -
  Maryland 3 (2%) - 4 (1%) -
  Wisconsin 2 (1%) - 3 (1%) -
  Louisiana 1 (1%) - 3 (1%) 180M (4%)
  Missouri 1 (1%) - 3 (1%) -
  Indiana 2 (1%) - 2 (1%) -
  Arkansas 1 (1%) - 2 (1%) -
  Washington 1 (1%) - 2 (1%) -
  Alabama - - 2 (1%) -
  Mississippi - - 2 (1%) -
  Connecticut 1 (1%) - 1 (< 1%) -
  West Virginia 1 (1%) - 1 (< 1%) -
  Nebraska 1 (1%) - 1 (< 1%) -
  Iowa 1 (1%) - 1 (< 1%) -
  Idaho - - 1 (< 1%) -
  Oklahoma - - 1 (< 1%) -
  New Hampshire - - 1 (< 1%) -
  Kansas - - 1 (< 1%) -
United Kingdom 12 (7%) 973M (29%) 26 (7%) 1.1B (22%)
Brazil 12 (7%) - 16 (5%) -
Germany 7 (4%) - 15 (4%) -
Canada 8 (5%) 250M (7%) 14 (4%) 469M (9%)
  Ontario 4 (2%) - 6 (2%) 80M (2%)
  Quebec 2 (1%) - 3 (1%) -
  British Columbia 1 (1%) - 2 (1%) -
  Prince Edward Island 1 (1%) 250M (7%) 1 (< 1%) 250M (5%)
  Alberta - - 1 (< 1%) 139M (3%)
  Manitoba - - 1 (< 1%) -
Italy 11 (6%) - 13 (4%) -
France 4 (2%) - 10 (3%) -
Spain 7 (4%) - 9 (3%) -
Greece 3 (2%) - 3 (1%) -
Belgium 1 (1%) - 2 (1%) -
Netherlands 1 (1%) - 2 (1%) -
Chile 1 (1%) - 1 (< 1%) -
Colombia 1 (1%) - 1 (< 1%) -
Norway 1 (1%) - 1 (< 1%) -
Peru 1 (1%) - 1 (< 1%) -
Poland 1 (1%) - 1 (< 1%) -
Sweden 1 (1%) - 1 (< 1%) -
Austria - - 1 (< 1%) -
Switzerland - - 1 (< 1%) -
Domestic 105 (59%) 2.1B (63%) 229 (66%) 3.5B (69%)
Cross-border 72 (41%) 1.2B (37%) 118 (34%) 1.6B (31%)
Total 177 $3.3B 347 $5.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 47 (27%) - 101 (29%) 514M (10%)
Growth Capital 41 (23%) - 66 (19%) -
Secondary Buyout 36 (20%) 915M (27%) 60 (17%) 915M (18%)
Divestiture 24 (14%) 1.7B (50%) 43 (12%) 2.0B (38%)
Recapitalization 5 (3%) - 25 (7%) -
Stake Purchase 9 (5%) - 17 (5%) -
Going Private 3 (2%) 756M (23%) 10 (3%) 1.7B (34%)
Venture 6 (3%) - 10 (3%) -
Special Situations/Distressed 3 (2%) - 8 (2%) -
Consolidation 3 (2%) - 6 (2%) -
PIPE - - 1 (< 1%) -
Total 177 $3.3B 347 $5.1B

Exits by Deal Type

Type Total # Value
Secondary Sale 62 (41%) 2.6B (31%)
Trade Sale 43 (28%) 1.3B (15%)
Trade Sale - Public Company 26 (17%) 4.5B (54%)
Bankruptcy 5 (3%) -
Merger 5 (3%) -
IPO 3 (2%) -
Sold to Management 3 (2%) -
Shut Down 2 (1%) -
Recapitalization 1 (1%) -
Stake Sale 1 (1%) -
Total 151 $8.4B

Top M&A Advisors

Financial Deals
Lincoln International
 5
Harris Williams & Co.
 4
Credit Suisse Investment Banking
 3
Legal Deals
McDermott Will & Emery
 19
Ropes & Gray
 15
Kirkland & Ellis
 9

Deal Values

buy # Total
$100M to $1B 13 $4.8B
< $100M 7 $333M
TOTAL $5.1B
Largest Mobileum, Inc.
$915M (2022-03-02)
sell # Total
> $1B 2 $4.3B
$100M to $1B 13 $3.9B
< $100M 5 $292M
TOTAL $8.6B
Largest FNZ Group
$2.5B (2018-10-09)

M&A Connections

Deals
Acquired from
Investor(s)
17%
60 (17%)
Strategic(s)
12%
43 (12%)
Exited to
Investor(s)
41%
62 (41%)
Strategic(s)
47%
71 (47%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

57.0B USD

Established

1993

Specialist/Generalist

Generalist

Leadership

Sami Mnaymneh

Co-founder & Co-CEO

Tony Tamer

Co-Founder & Co-CEO

Susan Gentile

Chief Financial & Administrative Officer

Brian Schwartz

Co-President

Rick Rosen

Co-President

FAQ

When was H.I.G. Private Equity founded?

H.I.G. Private Equity was founded in 1993.

What type of investor is H.I.G. Private Equity?

H.I.G. Private Equity is a private equity firm.

Where is H.I.G. Private Equity headquartered?

H.I.G. Private Equity is headquartered in Miami, Florida.

How much capital does H.I.G. Private Equity have under management?

H.I.G. Private Equity has 57.0B USD under management.

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