#H.I.G. Capital #London #UK #Infrastructure #Avove

H.I.G. Capital Completes Acquisition of Avove Limited

H.I.G. Capital, a globally recognized alternative investment firm managing assets worth approximately $75 billion, has successfully finalized the acquisition of Avove Limited, a prominent UK-based infrastructure services and engineering company. Avove specializes in regulated water and energy markets, establishing itself as a leader in providing planning and construction solutions for utility companies across Britain and Northern Ireland.

A Strategic Acquisition

Though the financial details of this transaction have not been disclosed, this strategic acquisition aligns with H.I.G. Capital's commitment to enhancing infrastructure capabilities. Avove has built a strong reputation for quality service, being recognized as a reputable employer, and for generating social value within the communities where it operates. The company has also received multiple awards, affirming its exceptional status in the industry.

One of the primary advantages for Avove following its acquisition is the anticipated substantial investments in UK infrastructure, particularly within the framework of the AMP8 water investment cycle. This cycle focuses on replacing outdated facilities, reducing pollution incidents, and enhancing climate resilience. Avove's management team is set to reinvest alongside H.I.G., ensuring continuity and leadership in advancing the company's trajectory. They aim to expand their service offerings, ultimately seeking to better serve their client base.

Impact on Communities and Future Growth

Mark Perkins, CEO of Avove, expressed pride in the team's achievements, particularly their focus on innovation, quality, and safety — all supported by a dedicated workforce. He stated that this collaboration with H.I.G. would allow them to further enhance outcomes for the communities they serve while driving growth in a rapidly evolving market.

Adam Taylor, Managing Director at H.I.G., spoke about the significant growth potential in the UK infrastructure sectors over the coming years, emphasizing improvements in capacity, efficiency, and resilience. He expressed optimism about collaborating with Avove's experienced management team, combining their successful track record in regulated utility markets with H.I.G.'s expertise in acquisition-driven growth.

About Avove

Avove is dedicated to crafting sustainable solutions for utility infrastructure that notably improve people's quality of life and stimulate economic growth in communities. The company prioritizes creating a positive legacy through meaningful partnerships with colleagues, customers, and local communities.

To learn more about Avove, visit avove.co.uk.

About H.I.G. Capital

Founded in 1993, H.I.G. Capital has invested in over 400 companies worldwide, managing a portfolio that includes more than 100 companies generating over $53 billion in total revenue. The firm specializes in offering equity and debt capital to middle-market companies, emphasizing a flexible, operationally-oriented investment strategy. For more details, visit hig.com.

This acquisition marks a significant step towards enhancing infrastructure capabilities in the UK, showcasing H.I.G. Capital's commitment to investing in essential services that have a lasting impact on communities.