#H.I.G. Capital #Acquisition #London #United Kingdom #Torque Holdings

H.I.G. Capital Completes Acquisition of Torque Holdings Limited

H.I.G. Capital, one of the foremost global alternative investment firms with a robust capital management portfolio totaling $75 billion, has officially announced its successful acquisition of Torque Holdings Limited. This acquisition simplifies the pathway for H.I.G. to strengthen its foothold in the ever-evolving fulfillment services market. The strategic partnership also includes Torque's management team, who will continue their leadership roles to drive the company forward.

Torque Holdings Limited is a prominent provider of omni-channel fulfillment services in the UK, catering to a diverse array of premium and fast-growing consumer brands. The company excels in delivering outsourced fulfillment and supply chain management services, which encompass warehousing, inventory control, returns processing, and international freight forwarding. Its innovative service offerings are tailored for clients with intricate demands across eCommerce, retail, and wholesale sectors.

The organization boasts a comprehensive network of fulfillment centers throughout the UK and has built enduring partnerships with its clientele, fortified by its reputation for high service accuracy, adaptability, and collaboration. With the backing of H.I.G. Capital, Torque foresees substantial opportunities to enhance its service range, increase capacity, and cultivate international fulfillment capabilities. These advancements will occur both organically and through potential strategic acquisitions.

Stewart Firth, the CEO of Torque, expressed excitement and optimism about the new partnership with H.I.G. He stated, "We are thrilled to welcome H.I.G. as our new investment partner. Over the past three decades, Torque has established its reputation by closely collaborating with our clients and providing flexible, top-notch solutions to meet increasingly sophisticated supply chain challenges. H.I.G. aligns with our business ambitions and brings a wealth of experience that can facilitate our growth, both in the UK and beyond. We eagerly anticipate investing in our people and capabilities, broadening our service offerings, and continuing to deliver the exceptional service that our customers expect from Torque."

Adam Taylor, Managing Director at H.I.G. in London, also shared his insights on the partnership. He noted, "Torque has solidified its leading position in the UK fulfillment market, bolstered by long-established customer relationships and a distinctive service model. The firm’s impressive growth record makes it a perfect fit for H.I.G.'s strategy of collaborating with high-quality businesses, allowing us to utilize our operational resources and international network to support the next phase of growth. We are enthusiastic about this collaboration with Stewart and his team, and we are ready to back Torque's clients as they expand."

About Torque Holdings Limited

Established as a leading provider of omni-channel fulfillment services in the UK, Torque specializes in various aspects such as warehousing, inventory management, pick-and-pack solutions, returns management, and international freight forwarding for premium and rapidly evolving consumer brands. Torque maintains an extensive network of fulfillment facilities throughout the UK, supporting diverse customers within eCommerce, retail, and wholesale markets.

About H.I.G. Capital

H.I.G. Capital is a well-regarded global alternative investment firm, boasting $75 billion in managed capital. Headquartered in Miami, with strategic offices in major U.S. cities, H.I.G. specializes in comprehensive debt and equity capitalization strategies tailored for middle-market companies. Since its founding in 1993, H.I.G. has invested in and managed over 400 enterprises worldwide, creating a portfolio that currently includes more than 100 companies with combined sales exceeding $53 billion. They focus on management buyouts, recapitalizations, and corporate carve-outs in both profitable and underperforming sectors.

In conclusion, this acquisition of Torque by H.I.G. Capital not only reinforces the operational capabilities of the fulfillment sector but also sets the stage for significant growth and innovation that promises to benefit clients across various industries.