H.I.G. Capital Completes Growth Investment in Ascension Property Services

H.I.G. Capital Acquires Phoenix ME Limited

August 14, 2026

Industrial Services

H.I.G. Capital, through an affiliate, has completed the acquisition of Phoenix ME Limited, a UK-based provider of integrated mechanical & electrical engineering services. Phoenix’s founder and CEO Lee Compton will reinvest alongside H.I.G., while the existing management team remains in place and Jim Arnold joins as Chairman to support Phoenix’s next phase of growth.

Eagle Merchant Partners Invests in Atlantic Pipe Services

January 1, 2026

Industrial Services

Eagle Merchant Partners invested in Atlantic Pipe Services (APS), a water infrastructure services provider offering inspection, cleaning, trenchless rehabilitation, and maintenance for stormwater and wastewater systems. The investment is described as a platform investment and Eagle’s fourth platform from Fund II, with APS operating from seven locations across Florida.

Ascension Property Services Acquires Palmetto Plumbing Co. of Hialeah Inc.

May 28, 2024

Industrial Services

Ascension Property Services acquired Palmetto Plumbing Co. of Hialeah Inc., a South Florida plumbing services provider, in a deal announced by Kratos Capital. The transaction closed on May 28, 2024 and expands Ascension’s service offerings in South Florida by integrating Palmetto Plumbing’s expertise and customer base.

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 CPS Building Services Limited

September 1, 2022

Construction

H.I.G. Capital, through an affiliate, has acquired CPS Building Services Limited, a Cambridgeshire-based mechanical and electrical (M&E) installation and maintenance provider, from its founder; CPS' managing director Liam Connelly will reinvest and the existing management team will remain in place. H.I.G. plans to use CPS as the core of a technical building services platform and pursue add-on acquisitions to expand capabilities in fire protection, lifts, water & pumps, access and security, and compliance services.

Ascension Property Services Acquires Bryant Electric, Inc.

November 21, 2019

Electrical Services

Ascension Property Services, a Memphis-based portfolio company of SouthWorth Capital Management, acquired Bryant Electric, Inc. of Doral, Florida. Kratos Capital advised Bryant Electric on the transaction, which closed on November 8, 2019; the deal expands Ascension’s building-services platform capabilities in commercial and industrial electrical work.