H.I.G. Capital, a leading global alternative investment firm, has recently made headlines with its strategic acquisitions aimed at expanding its market reach and diversifying its portfolio. Known for its focus on middle-market companies, H.I.G. Capital continues to solidify its influence across various sectors, including technology and property services.

In August 2024, H.I.G. Capital’s portfolio company, Hibu Inc., acquired RevLocal, LLC, a prominent player in digital marketing solutions for small and medium-sized businesses (SMBs). This acquisition is set to enhance Hibu’s capabilities, allowing the firm to provide an integrated digital marketing platform to over 70,000 SMBs across the United States. Kevin Jasper, CEO of Hibu, remarked that the merger would enable local businesses to streamline their marketing efforts with a single, comprehensive provider.

H.I.G. Capital also made a significant move in the UK property services market by acquiring Axis Europe Limited earlier in the month. This acquisition will be merged with CLC Group, another H.I.G. Capital portfolio company, forming a national property maintenance specialist. John Hayes, CEO of Axis, expressed enthusiasm about the deal, noting the operational and geographical synergies the merger would bring.

These acquisitions are part of H.I.G. Capital’s broader strategy to bolster its presence in the property services sector. In July 2024, the firm announced its investment in Ascension Property Services (APS), a Tennessee-based company specializing in mechanical, electrical, and plumbing services for commercial and industrial properties. Jon Contos, Managing Director at H.I.G. Capital, highlighted the potential for growth and the opportunity to expand APS’s service offerings into new geographies.

Currently managing $65 billion in capital, H.I.G. Capital has invested in and managed over 400 companies since its inception in 1993. Matt Gullen, another Managing Director at H.I.G. Capital, emphasized that these acquisitions are crucial steps in the firm’s growth strategy, underscoring its commitment to providing top-tier solutions across multiple sectors.

As H.I.G. Capital continues to make strategic investments, industry observers will be keen to see how these new additions perform and what future moves the firm will make to further its market dominance.