#H.I.G. Capital #London #United Kingdom #fulfillment services #Torque Holdings

H.I.G. Capital Acquires Torque Holdings

H.I.G. Capital, a prominent global alternative investment firm with an impressive $75 billion in capital management, has finalized the acquisition of Torque Holdings Limited, a leading provider of omni-channel fulfillment services based in the UK. The transaction was executed in conjunction with the company's management team, which will continue to oversee operations.

Overview of Torque Holdings

Torque stands out in the fulfillment services sector by offering comprehensive outsourced supply chain solutions tailored for dynamic consumer brands. The company specializes in services that range from warehousing and fulfillment to inventory and returns management, as well as international freight forwarding. This extensive service portfolio enables Torque to cater to a diverse clientele across various channels, including eCommerce, retail, and wholesale operations. With a solid network of fulfillment centers throughout the UK, Torque has garnered long-term partnerships rooted in their reputation for responsiveness, service accuracy, and operational flexibility.

Growth Aspirations

In light of this acquisition, Torque sees ample opportunities to broaden its service offerings by enhancing its operational capacity and expanding its international fulfillment services. The company aims to achieve this through both organic growth and strategic acquisitions. By evolving its service models, Torque intends to deliver even greater value to its customers while continuing to leverage innovative warehouse technologies.

Stewart Firth, CEO of Torque, expressed enthusiasm regarding the partnership with H.I.G., stating, "We are thrilled to welcome H.I.G. as our new investment partner. Over the past three decades, we have built our reputation by closely collaborating with our clients to provide adaptable, high-quality supply chain solutions. H.I.G. shares our vision for growth and possesses significant expertise in scaling businesses on both national and international fronts. We're eager to invest in our workforce and expand our capabilities, thereby continuing to meet the high standards our customers expect."

Support from H.I.G. Capital

Adam Taylor, Managing Director at H.I.G., emphasized Torque's pivotal role in the UK fulfillment market, highlighting its robust customer relationships and unique service offering that aligns seamlessly with H.I.G.'s strategic focus. "Torque has positioned itself as a leader in the fulfillment space, and we believe that our operational resources and expansive network will amplify their growth trajectory. We are excited to support Torque as it continues to foster its client relationships and expand its service reach."

About H.I.G. Capital

Founded in 1993, H.I.G. Capital has established itself as a key player in the alternative investment sector, directing substantial investments into varied industries, including service and manufacturing businesses. The firm focuses not only on equity investments but also on debt financing, offering flexible capital solutions to foster company growth. H.I.G.'s global presence includes offices in multiple countries, positioning it uniquely to identify and capitalize on growth opportunities across diverse markets.

In addition to Torque, H.I.G.'s investment portfolio encompasses over 400 companies internationally, showcasing their commitment to driving long-term value and development in the businesses they partner with.

This acquisition marks a significant step for both H.I.G. Capital and Torque Holdings. As the companies forge ahead, the potential for growth, innovation, and improved service delivery continues to be highly anticipated within the industry. With an eye on future expansion, Torque is well-equipped to navigate the evolving landscape of fulfillment services, backed by H.I.G.'s robust investment and strategic support.

For further details on Torque Holdings and H.I.G. Capital, you can visit their respective websites: Torque and H.I.G. Capital.