H.I.G. Capital, a prominent global alternative investment firm, has made headline news with a series of strategic acquisitions across various sectors. With a focus on expanding its market presence and capitalizing on growth opportunities, H.I.G. Capital has completed multiple high-profile deals that have strengthened its diversified portfolio.
One significant move by H.I.G. Capital involved the acquisition of RevLocal, LLC through its portfolio company, Hibu Inc. This acquisition, announced on August 27, 2024, merges two influential players in the digital marketing solutions space catering to small and medium-sized businesses (SMBs). Hibu’s CEO, Kevin Jasper, highlighted the benefits of the merger, emphasizing that it would allow local businesses to access integrated and optimized digital marketing services via a single platform.
In addition to its foray into digital marketing, H.I.G. Capital has also expanded its footprint in the property maintenance sector. On August 13, 2024, the firm announced the acquisition of Axis Europe Limited, a leading UK provider of property maintenance services. This strategic acquisition will be combined with H.I.G.’s existing portfolio company, CLC Group, to create a national property maintenance specialist in the UK. John Hayes, Founder and CEO of Axis, expressed enthusiasm about the merger, citing the geographical and operational synergies that would result.
Moreover, H.I.G. Capital had earlier invested in Ascension Property Services (APS) on July 25, 2024. APS is a leading property services firm based in Tennessee, specializing in mechanical, electrical, and plumbing services. Jon Contos, Managing Director at H.I.G. Capital, expressed optimism about the partnership, noting the potential to expand service offerings and target new geographies.
These strategic moves underscore H.I.G. Capital’s commitment to growth and diversification. With a portfolio that now includes over 400 companies globally, the firm manages $65 billion in capital and continues to seek opportunities that align with its investment strategy.
According to Matt Gullen, Managing Director at H.I.G. Capital, these acquisitions are transformative steps that reinforce the firm’s dedication to providing best-in-class solutions across various sectors. As H.I.G. Capital continues to make strategic investments, industry watchers are keen to see how these additions will enhance the firm’s overall performance and influence.