H.I.G. Capital Acquires Continental Batteries
January 21, 2021
H.I.G. Capital (through an affiliate) completed the acquisition of Continental Battery Holding Corp., a Dallas-based distributor of aftermarket batteries serving automotive, electric utility vehicle, commercial, marine and industrial markets. The transaction was financed in part by Ares Management and represents a platform buyout intended to accelerate growth via acquisition and market consolidation; Continental's existing management will remain in place.
- Buyers
- H.I.G. Capital (affiliate)
- Targets
- Continental Battery Holding Corp. (Continental Batteries)
- Sellers
- Incline Equity Partners, Third-generation family owners
- Industry
- Logistics & Distribution
- Location
- Texas, United States
- Transaction Type
- Buyout
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