H.I.G. Capital Announces Strategic Acquisitions in Tech and Property Services
H.I.G. Capital, the Miami-based alternative investment firm, has made significant moves to diversify and strengthen its portfolio through a series of carefully planned acquisitions. These strategic decisions are set to bolster the company’s presence in both the tech and property services sectors.
On August 27, 2024, H.I.G. Capital revealed that Hibu Inc., one of its portfolio companies, successfully acquired RevLocal, LLC. This acquisition is expected to significantly enhance Hibu’s capabilities in providing comprehensive digital marketing solutions to small and medium-sized businesses (SMBs) across the United States. Kevin Jasper, CEO of Hibu, noted, “The union with RevLocal will enable us to offer an integrated platform that optimizes digital marketing services for our clients.”
In another notable transaction, H.I.G. Capital expanded its footprint in the UK property maintenance market by acquiring Axis Europe Limited. Announced on August 13, 2024, this acquisition will integrate Axis with CLC Group, another H.I.G. property services company, creating a national maintenance specialist. John Hayes, CEO of Axis, expressed his enthusiasm, stating, “Joining forces with CLC presents an opportunity to create a contractor of national scale with substantial geographical and operational synergies.”
The firm’s recent ventures don’t stop there. On July 25, 2024, H.I.G. Capital invested in Ascension Property Services (APS), a Tennessee-based company offering a range of property services, including mechanical, electrical, and plumbing solutions for commercial and industrial properties. Jon Contos, Managing Director at H.I.G. Capital, highlighted the firm’s vision, saying, “We believe in the growth potential of APS and look forward to leveraging our resources to tap into new geographies.”
With these acquisitions, H.I.G. Capital continues to showcase its commitment to growth and diversification. The firm, which manages $65 billion in capital, has invested in over 400 companies globally since its inception in 1993. Matt Gullen, another Managing Director at H.I.G. Capital, remarked, “These strategic acquisitions are pivotal in our ongoing efforts to empower businesses with industry-leading solutions.”
As H.I.G. Capital moves forward with its strategic acquisitions, industry analysts are eager to see the impact on their expanding portfolio and how these newly acquired companies will perform in their respective sectors.
H.I.G. Capital, the Miami-based alternative investment firm, has made significant moves to diversify and strengthen its portfolio through a series of carefully planned acquisitions. These strategic decisions are set to bolster the company’s presence in both the tech and property services sectors. On August 27, 2024, H.I.G. Capital revealed that Hibu Inc., one of its…