H.I.G. Capital Acquires Avient's Distribution Business, Creating Formerra

Formerra (H.I.G. Capital portfolio company) Acquires Total Polymer Solutions

April 4, 2023

Industrial Services

Formerra, a portfolio company of H.I.G. Capital, has acquired Total Polymer Solutions (TPS), a distributor of polymer materials with a market presence in Ireland and the United Kingdom. The add-on deal strengthens Formerra's healthcare materials distribution footprint in Europe and brings TPS's founders into the Formerra team as continuing investors.

Formerra (H.I.G. Portfolio) Acquires Suministro de Especialidades

November 7, 2023

Industrial Services

Formerra, a portfolio company of H.I.G. Capital, has acquired Suministro de Especialidades, a Mexico City-based distributor of elastomers, adhesives, resins and performance additives. The add-on expands Formerra's product adjacencies and strengthens its Mexican presence with in-country formulation support and a combined technical sales team focused on the region.

H.I.G. Capital Invests in Construction Forms, Inc.

September 22, 2020

Manufacturing

An affiliate of H.I.G. Capital has made a strategic investment in Construction Forms, Inc. (Con Forms), partnering with the company's family shareholders and existing management to support and accelerate organic and inorganic growth. Con Forms, headquartered in Port Washington, Wisconsin, is a manufacturer of abrasion-resistant piping systems and accessories for concrete pumping and industrial end markets with manufacturing operations in the U.S. and Germany.

Ares Management and Partners Acquire Majority Stake in Form Technologies

January 21, 2025

Manufacturing

Ares Management funds have acquired a majority of Form Technologies' common equity as part of a financing package that injected approximately $304 million of new equity to deleverage the company and support strategic growth. The capital—$154 million of common equity from Ares, the D. E. Shaw group and Onex Credit, plus $150 million of preferred equity from the D. E. Shaw group and Ripple Industries—will fund investments in operational capabilities and commercial expansion across Form Technologies' global manufacturing footprint.

H.I.G. Capital Affiliate Acquires Covestro's European Polyurethane Systems Business (Plixxent)

January 17, 2019

Manufacturing

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Covestro AG's European Polyurethane Systems business in a carve-out transaction, with closing expected in the second half of 2019 pending regulatory clearance. The business — operating four systems houses across Germany, Denmark, the Netherlands and Spain and employing ~250 people with ~€230m sales — will be run independently (to operate as Plixxent) and used as a platform for pan‑European expansion and add-on acquisitions.

H.I.G. Capital Acquires Terra Millennium Corporation

May 26, 2022

Industrial Services

H.I.G. Capital (through an affiliate) signed a definitive agreement to acquire Terra Millennium Corporation, a national provider of outsourced industrial maintenance services headquartered in Salt Lake City, Utah. The transaction — previously backed by Court Square Capital Partners — positions Terra Millennium to accelerate geographic expansion, broaden its service offerings and pursue add-on acquisitions under H.I.G.'s ownership; the deal was expected to close in Q2 2022.