HIG Capital, a Miami-based global alternative investment firm, has recently made headlines with a series of strategic acquisitions across the technology and property sectors. These moves underscore HIG Capital’s commitment to diversifying its investment portfolio and expanding its influence in these dynamic industries.

On August 27, 2024, HIG Capital announced that its portfolio company, Hibu Inc., had successfully acquired RevLocal, LLC. This acquisition merges two significant players in the digital marketing solutions space for small and medium-sized businesses (SMBs) in the United States. Kevin Jasper, CEO of Hibu, highlighted the strategic importance of the deal, noting that it would enhance their ability to offer integrated digital marketing services to over 70,000 SMBs.

In a separate but equally impactful transaction, announced on August 13, 2024, HIG Capital acquired Axis Europe Limited, a prominent UK property maintenance service provider. This acquisition will merge Axis with HIG Capital’s existing portfolio company, CLC Group, creating a formidable national property maintenance specialist in the UK. John Hayes, Axis’s Founder and CEO, expressed his excitement about the merger, pointing out the geographical and operational synergies it would bring.

These moves follow another significant investment by HIG Capital earlier this summer. On July 25, 2024, the firm announced its investment in Ascension Property Services (APS), a Tennessee-based property services company specializing in mechanical, electrical, and plumbing services for commercial and industrial properties. Jon Contos, Managing Director at HIG Capital, emphasized the potential for growth and expansion into new geographies that this partnership would facilitate.

HIG Capital’s recent acquisitions reflect its broader strategy of empowering businesses across various sectors with best-in-class solutions. The firm currently manages $65 billion in capital and has a global footprint with investments and management of more than 400 companies worldwide since its founding in 1993.

Matt Gullen, another Managing Director at HIG Capital, articulated the firm’s growth strategy, stating that these acquisitions are transformative steps that reinforce their commitment to delivering superior solutions to a diverse range of industries. As HIG Capital continues to make strategic moves, the investment community will be watching closely to see the impact of these new additions on their overall portfolio.