H.I.G. Capital Acquires Northwest Pump and Equipment Co.

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.

PumpTech (Pike Street Capital) Acquires Frost Engineering Service Company - Northwest

June 7, 2022

Industrial Services

PumpTech LLC, a portfolio company of Pike Street Capital, acquired Frost Engineering Service Company - Northwest to expand its instrumentation, control, and fluid-handling capabilities. Frost Engineering, based in Snohomish, Washington, will be integrated into the PumpTech platform to broaden product and service offerings for oil & gas, petrochemical, manufacturing and other industrial customers.

H.I.G. Infrastructure Acquires Controlling Interest in Northern Biogas

September 20, 2022

Renewable Energy

H.I.G. Capital’s infrastructure arm, H.I.G. Infrastructure, has acquired a controlling interest in Northern Biogas, a Morgantown, West Virginia–based waste-to-renewable natural gas company that develops, builds, owns and operates anaerobic digester and RNG facilities. The investment will support Northern Biogas’ development pipeline of dairy, landfill and food-waste RNG projects across the U.S. as the company scales its construction, operations and service capabilities.

Harkness Capital Partners Invests in Capital Pump & Equipment LLC

August 21, 2022

Industrial Services

Harkness Capital Partners completed an investment in Capital Pump & Equipment (CPE), a Chandler, Arizona-based specialty pump rental and services platform. The partnership will support CPE's geographic expansion, additional fleet investment, and growth of its value-added service capabilities to serve large contractors, industrial customers and municipal water/wastewater projects.

H.I.G. Capital Acquires Hart & Cooley, LLC

October 7, 2020

Building Products

H.I.G. Capital, through an affiliate, acquired Hart & Cooley, LLC from Johnson Controls International plc in October 2020. The private equity buyer will operate Hart & Cooley as a standalone company alongside current management to pursue growth, innovation and operational improvements across its HVAC and air-distribution manufacturing footprint.

Pike Street Capital Invests in PumpTech

September 13, 2021

Industrial Services

Seattle-based private equity firm Pike Street Capital has made an investment in PumpTech, a Bellevue, Washington-based distributor of pumps and related services founded in 1986. Pike Street has partnered with industry executive Doug Staab to grow PumpTech as a platform through add-on acquisitions to expand product lines, service capabilities, and geographic reach; the company founders will remain significant investors and in leadership roles.