H.I.G. Capital, a global private equity and alternative assets firm based in Miami, is making waves in the investment community with its recent series of strategic acquisitions. The firm’s latest moves underscore its commitment to broadening its portfolio and capitalizing on growth opportunities across diverse sectors.

In August 2024, H.I.G. Capital’s portfolio company, Hibu Inc., completed the acquisition of RevLocal, LLC. This merger unites two significant players in the digital marketing realm, creating a powerhouse capable of offering comprehensive solutions to small and medium-sized businesses (SMBs) across the United States. Kevin Jasper, CEO of Hibu, remarked that this integration would help local businesses by providing unified and optimized digital marketing services.

Not content with just expanding its digital marketing footprint, H.I.G. Capital has also ventured into the UK property maintenance market. The firm acquired Axis Europe Limited and plans to merge it with its existing portfolio company, CLC Group. This strategic move aims to create a national leader in property maintenance services in the UK. John Hayes, Founder and CEO of Axis, expressed his excitement about the merger, highlighting the operational synergies and geographical benefits it would bring.

In addition to these notable acquisitions, H.I.G. Capital has also invested in Ascension Property Services (APS) based in Tennessee. Announced in July 2024, APS specializes in mechanical, electrical, plumbing, and other essential services for commercial and industrial properties. Jon Contos, Managing Director at H.I.G., outlined the firm’s vision to expand services and tap into new geographical markets.

With these moves, H.I.G. Capital continues to solidify its role as a major player in the middle market investment space. Managing $65 billion in capital and with a history of investing in over 400 companies worldwide, the firm is clearly focused on long-term growth and diversification. Matt Gullen, another Managing Director at H.I.G., emphasized that these acquisitions are transformative steps forward in their growth strategy.

As H.I.G. Capital broadens its portfolio, the investment community will be keenly observing how these new acquisitions enhance the firm’s market position and growth trajectory.

For more updates on H.I.G. Capital and its latest ventures, stay tuned.