H.I.G. Capital Acquires Majority Stake in Capstone Logistics from The Jordan Company

H.I.G. Capital Acquires Ascent Global Logistics

August 22, 2023

Logistics & Distribution

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Ascent Global Logistics from affiliates controlled by Elliott Investment Management. Ascent's management team and Elliott will retain minority stakes; H.I.G. said it will support Ascent's growth by investing in technology, broadening capabilities, expanding global reach and enhancing its carrier network.

H.I.G. Capital Acquires STS Aviation Group from Greenbriar Equity Group

October 8, 2024

Aerospace & Defense

An affiliate of H.I.G. Capital has completed a strategic equity acquisition of STS Aviation Group from Greenbriar Equity Group. STS’s executive team will remain in place and as significant shareholders while H.I.G. positions the business for global expansion, capability growth, and potential add-on acquisitions in the aviation MRO and parts-distribution market.

SecurCapital Corp Acquires BIG Logistics, LLC

April 27, 2021

Logistics & Distribution

SecurCapital Corp. has acquired BIG Logistics, LLC, a Texas-based third-party logistics (3PL) provider with temperature-controlled pharmaceutical warehousing, fulfillment, and freight forwarding services. BIG Logistics will operate as a SecurCapital portfolio company and logistics platform to pursue targeted acquisitions, expand cold-chain and pharma capabilities, and grow its domestic and international services.

H.I.G. Capital Acquires DX Group plc

January 29, 2024

Logistics & Distribution

H.I.G. Capital has completed a public-to-private acquisition of DX Group plc (formerly AIM-listed) for an aggregate consideration of £307 million. The acquisition gives H.I.G. control of the UK-based last-mile delivery and logistics provider DX, which operates across the United Kingdom and Ireland and will be supported to accelerate growth across its IDW, 2-Man, logistics and express parcels divisions.

Capstone Logistics Acquires Rapid Response Delivery

May 9, 2023

Logistics & Distribution

Capstone Logistics, a PE-backed third-party logistics provider, has acquired Rapid Response Delivery, a Maryland-based last-mile delivery company serving the mid-Atlantic region. The acquisition expands Capstone’s last-mile and final-mile capabilities, adding medical/pharmaceutical, e-commerce parcel, and pool distribution services across Maryland, New Jersey, Pennsylvania, Delaware, Virginia and Washington, D.C.

Ryder Acquires Cardinal Logistics from H.I.G. Capital

February 1, 2024

Transportation

Ryder System, Inc. has acquired Cardinal Logistics from H.I.G. Capital, integrating Cardinal’s dedicated contract carriage, freight brokerage and last-mile capabilities to strengthen Ryder’s dedicated transportation and supply chain services. Cardinal, founded in 1997 and headquartered in Concord, North Carolina, operates ~200 locations with a fleet of 2,900 power units and more than 3,400 drivers; Ryder expects synergies and accretion following integration.