H.I.G. Capital Acquires Pixelle Specialty Solutions

Ahlstrom Acquires Pixelle's Stevens Point Facility

May 28, 2025

Manufacturing

Ahlstrom Oyj has completed the acquisition of the Stevens Point facility from Pixelle Specialty Solutions (a portfolio company of H.I.G. Capital). The Stevens Point site in Wisconsin brings ~260 employees and advanced finishing and coating capabilities, strengthening Ahlstrom's Food & Consumer Packaging offering and expanding its North American manufacturing footprint.

Pixelle Specialty Solutions Acquires Specialty Paper Mills from Verso Corporation

November 12, 2019

Manufacturing

Pixelle Specialty Solutions, the Lindsay Goldberg‑backed specialty paper platform, agreed to acquire Verso Corporation’s specialty paper mills in Jay, Maine (Androscoggin) and Stevens Point, Wisconsin. The deal, announced in November 2019 and completed in February 2020, expands Pixelle’s production capacity and establishes it as the largest specialty papers producer in North America by annual tonnage.

H.I.G. Capital Acquires Majority Stake in Pinalli S.r.l.

February 16, 2023

Retail

H.I.G. Capital has acquired a controlling stake in Pinalli S.r.l., the leading Italian distributor and retailer of high-end beauty and personal care products. The investment, made in partnership with the Pinalli family and management, will support Pinalli's omnichannel expansion, e-commerce development and store renewal initiatives.

H.I.G. Capital Acquires Polygon S.p.A.

March 8, 2023

Healthcare Services

H.I.G. Capital, through one of its affiliates, has acquired Polygon S.p.A., an Italy-based provider of integrated medical equipment management and maintenance services. The investment will support Polygon's growth and service expansion across hospitals in Italy and Spain, leveraging the company's technical expertise and existing management team.

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.

H.I.G. Capital Makes Growth Investments in Action Packaging and Signature Flexible Packaging

January 5, 2021

Packaging

H.I.G. Capital (through an affiliate) completed simultaneous growth investments in Action Point, Inc. (Action Packaging) and Signature Flexible Packaging, Inc., and the two businesses will combine to form a full-service flexible packaging provider. The combined company operates three facilities in Carson, City of Industry and Commerce, California, serving small-to-medium consumer packaged goods customers; H.I.G. will partner with management to support organic growth and consolidation M&A activity.