H.I.G. Capital Builds Momentum Through Middle Market Acquisitions and Strategic Exits

Private equity firm H.I.G. Capital has executed a series of high-profile transactions across multiple sectors this year, demonstrating its commitment to middle market investments while generating returns through calculated exits. The Miami-based investment firm, which manages $70 billion in capital, has completed acquisitions spanning healthcare technology, media analytics, and industrial services.

Recent activity highlights the firm’s operational approach to value creation. H.I.G. Capital’s portfolio company Iron Bow Technologies completed the sale of its telehealth division SoldierPoint Digital Health to GovCIO in September, marking another successful exit for the investment giant. The transaction reflects H.I.G.’s ability to transform businesses through operational improvements and market positioning.

H.I.G. Capital’s Diversified Investment Strategy

The firm’s investment thesis centers on partnering with management teams to drive operational improvements across various sectors. This year alone, H.I.G. has completed acquisitions of Kantar Media, a global leader in media measurement and analytics, and 4Refuel, a Canadian mobile refueling services provider purchased for up to CAD 400 million.

“We gained a real appreciation for Quisitive’s differentiation in its scale and depth of technical offerings across the Microsoft Cloud ecosystem,” said Kevin Van Culin, Managing Director at H.I.G., referring to the firm’s acquisition of the Dallas-based cloud services provider. The comment illustrates H.I.G.’s focus on companies with specialized market positions and growth potential.

The firm’s European operations have also gained traction. H.I.G. Infrastructure invested in Finnish circular economy provider Fluo Group, while H.I.G. Realty expanded its logistics portfolio in France through acquisitions in Paris and Lyon metropolitan areas.

Team Expansion and New Investment Platforms

Personnel additions signal H.I.G.’s growth ambitions. The firm recently added Harrison B. Davis as Managing Director to its Small-Cap & Growth team, bringing over 15 years of lower middle market private equity experience. Davis previously served as Partner and Co-Head of TZP Group’s Small-Cap strategy before joining H.I.G.’s Miami office.

“Harrison’s deep strategic perspective and operational expertise, coupled with his investment acumen in the small-cap sector, will further strengthen our platform,” said Camilo E. Horvilleur, Co-Head of the H.I.G. SCG Fund.

The firm has also launched its GP Solutions Platform, recruiting a seasoned team from Morgan Stanley’s private equity secondaries unit. Led by Managing Director Dan Wieder, the team brings decades of collective experience in secondary market transactions and value creation.

Financial Performance and Market Position

H.I.G.’s lending arm, H.I.G. WhiteHorse, closed its Middle Market Lending Fund IV with $5.9 billion in assets, continuing the firm’s direct lending strategy across middle market companies. The fund focuses on originating senior secured loans to both sponsor and non-sponsor borrowers with EBITDA between $30 million and $100 million.

“We believe the coming years will offer a compelling opportunity to serve as a value-added financing partner to both sponsor and non-sponsor middle market companies seeking private debt solutions,” said Stuart Aronson, Executive Managing Director and CEO of H.I.G. WhiteHorse.

The firm’s track record includes investments in over 400 companies since its 1993 founding. Current portfolio companies generate combined sales exceeding $53 billion, spanning industries from healthcare and technology to manufacturing and business services.

Recent exits demonstrate H.I.G.’s ability to generate returns across market cycles. The sale of Soleo Health to funds managed by Court Square Capital and WindRose Health Investors, along with the partial exit from The GLD Shop to MarcyPen Capital Partners, showcase the firm’s portfolio company development capabilities.

Market observers note H.I.G.’s consistent focus on operational value creation rather than financial engineering. The firm’s hands-on approach involves working closely with management teams to implement operational improvements, expand market reach, and drive organic growth initiatives.

“H.I.G.’s mission is to work closely with our portfolio companies to generate superior investment returns,” said Sami Mnaymneh, Founder, Executive Chairman, and CEO. “Our hands-on expertise and a values-driven culture give us a powerful competitive advantage.”

Looking forward, H.I.G. continues expanding its investment capabilities across geographies and sectors. The firm operates from 19 offices globally, including locations in North America, Europe, Latin America, the Middle East, and Asia. This global presence enables H.I.G. to identify unique opportunities and implement value creation plans across diverse markets.