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

White Cap Acquires Concrete Systems, Inc.

May 5, 2026

Construction

White Cap has acquired Concrete Systems, Inc., a distributor of concrete accessories and rental formwork with locations in Albuquerque, New Mexico and El Paso, Texas. The deal strengthens White Cap’s Southwest presence and expands its ability to serve customers across its West Region.

H.I.G. Capital Acquires Penhall Company

December 21, 2023

Construction

H.I.G. Capital, through an affiliate, has completed the acquisition of Penhall Company, North America’s largest provider of specialty concrete services. Headquartered in Irving, Texas, Penhall operates over 40 branch and service locations across the U.S. and Canada and will partner with H.I.G. and current management to accelerate growth and expand services.

Construction Forms (H.I.G.) Acquires Tricon Wear Solutions

July 24, 2023

Manufacturing

Construction Forms, Inc. (a portfolio company of H.I.G. Capital) has acquired Tricon Wear Solutions, a manufacturer of abrasion- and wear-resistant steel plates and fabricated products. The acquisition expands CFI's portfolio and manufacturing footprint, creating a broader industrial wear-parts platform serving end markets including mining, pulp & paper, and aggregates.

White Cap L.P. Acquires Form Tech Concrete Forms, Inc.

July 5, 2023

Building Products

White Cap L.P. has acquired Form Tech Concrete Forms, Inc., a Michigan-based provider of concrete forming and shoring rental equipment with seven locations across the Southeast, Midwest and mid‑Atlantic. The acquisition expands White Cap's forming and shoring capabilities and adds complementary rental fleet and regional presence to its North American distribution network.

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

November 1, 2022

Industrial Services

H.I.G. Capital (through an affiliate) completed the acquisition of Avient Corporation's Distribution business for $950 million in cash and launched the business as an independent company named Formerra. The carve-out creates a platform distributor of engineered thermoplastic resins, additives and specialty polymers serving healthcare, consumer, industrial and mobility markets; Avient expects approximately $750 million in after-tax proceeds.

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.