H.I.G. Capital Strengthens Market Presence with Recent Acquisitions

H.I.G. Capital, a leading global alternative investment firm based in Miami, has made headlines with a series of strategic acquisitions that promise to reshape its portfolio and expand its market influence. The firm, known for focusing on middle-market investments, has recently diversified its holdings through targeted acquisitions in the tech and property services sectors.

In a notable move, H.I.G. Capital announced on August 27, 2024, that its portfolio company, Hibu Inc., acquired RevLocal, LLC. This merger integrates two major players in the digital marketing arena for small and medium-sized businesses (SMBs). The acquisition aims to enhance Hibu’s ability to provide comprehensive digital marketing solutions to over 70,000 SMBs across the United States.

Kevin Jasper, CEO of Hibu, underscored the importance of this acquisition. “Combining these two great companies will further expand our reach to local businesses,” Jasper said. “By offering an integrated, all-in-one digital marketing solution, we can better serve our clients and amplify their online presence.”

Expanding its footprint across the Atlantic, H.I.G. Capital also completed the acquisition of Axis Europe Limited on August 13, 2024. Specializing in property maintenance services, Axis will be merged with H.I.G.’s existing portfolio company, CLC Group. This merger is expected to create a robust national contractor in the UK, providing comprehensive property maintenance services.

John Hayes, Founder, and CEO of Axis, expressed optimism about the merger. “We are delighted to join forces with CLC to create a national contractor of scale,” Hayes commented. The merger aims to leverage geographical and operational synergies to offer an enhanced service portfolio.

Furthermore, H.I.G. Capital’s investment in Ascension Property Services (APS), a Tennessee-based firm specializing in mechanical, electrical, and plumbing services, highlights its commitment to the property services sector. Announced on July 25, 2024, this acquisition is poised to open new geographical markets for the firm.

Jon Contos, Managing Director at H.I.G. Capital, emphasized the growth potential. “We see tremendous opportunity to expand our service offerings,” Contos stated. The acquisitions collectively underscore H.I.G. Capital’s strategy of leveraging its resources and infrastructure to foster growth across diverse sectors.

With a portfolio worth $65 billion and a history of managing over 400 companies since 1993, H.I.G. Capital continues to be a formidable force in the investment landscape. These strategic acquisitions are expected to solidify its market presence further and drive future growth.

H.I.G. Capital, a leading global alternative investment firm based in Miami, has made headlines with a series of strategic acquisitions that promise to reshape its portfolio and expand its market influence. The firm, known for focusing on middle-market investments, has recently diversified its holdings through targeted acquisitions in the tech and property services sectors. In…