H.I.G. Capital Completes Acquisition of Avove
Investment firm H.I.G. Capital has finalized its acquisition of Avove Limited. The transaction is intended to support Avove's operational expansion and service enhancement.
H.I.G. Capital, a global alternative investment firm, has announced the completion of its acquisition of Avove Limited through one of its affiliates. The purchase aims to bolster Avove's market presence and facilitate the expansion of its service offerings.
Avove provides specialist services to companies within the construction and property sectors, including structural engineering, building surveying, and project management. This acquisition is expected to drive Avove's growth and provide it with the resources to explore new markets and develop its service portfolio.
H.I.G. Capital manages approximately $75 billion in capital. The firm has a history of acquiring and supporting companies across various industries, seeing Avove as a strategic addition to its portfolio.
Financial terms of the deal were not disclosed. Avove will continue to operate as a distinct entity under H.I.G. Capital's ownership.