H.I.G. Capital News
Kevin Van Culin
One Sansome Street
San Francisco, CA 94104
Concord, an H.I.G. Capital Portfolio Company, Completes Acquisition of Authentic
SAN FRANCISCO – February 14, 2023 – H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $54 billion of equity capital under management, is pleased to announce that its portfolio company, Concord USA, LLC (“Concord”), has acquired Authentic Digital (“Authentic”), which represents Concord’s third add-on acquisition over the last year. Concord is a leading technology consulting and digital transformation firm focused on digital and product experience, data management and analytics, and cloud engineering and modernization.
Headquartered in Richmond, Virginia, with delivery capabilities in the Eastern U.S. and Latin America, Authentic provides innovative digital experience and consulting services to leading enterprise customers across various industries. Authentic helps clients drive digital transformation, develop customer loyalty solutions, and increase brand engagement.
“Authentic has an outstanding team of driven technology professionals,” shared Florin Ibrani, Concord’s Chief Executive Officer. “The seamless, end-user centered experiences they deliver for their clients make customer interactions more meaningful and complement Concord’s expertise in data management, analytics, cloud engineering, and modernization. Authentic adds a leading-edge capability and nearshore presence that deepens our ability to drive value for our clients.”
“We are thrilled to join the Concord family, as this partnership will allow us to broaden our service offerings to clients while maintaining our pragmatic and relationship focused approach,” expressed David Roe, Chief Executive Officer of Authentic. “By joining Concord, we will enhance our ability to help companies realize the full impact of their digital initiatives and technology investments. The partnership with Concord will also help accelerate the growth of our organization and offer broader career opportunities for our team.”
Kevin Van Culin, Managing Director at H.I.G., commented, “The Authentic team brings new capabilities, customers, and talent that help further establish Concord as a leading, global digital transformation firm.”
Authentic is an award-winning digital consultancy that combines strategy, creative, and technology to craft authentic experiences for global brands. Headquartered in Richmond, Virginia, with delivery capability in Latin America, Authentic helps leading enterprises and brands deliver experiences that drive digital transformation and customer loyalty and engagement. For more information, please visit www.beauthentic.digital.
Concord USA, LLC (“Concord”) is a next-generation technology consultancy focused on experience, data, and cloud engineering & modernization. Based in Minneapolis, MN, with supporting operations across the U.S., Latin America, Eastern Europe, and India, Concord serves leading enterprises and innovators in the healthcare, technology, consumer, manufacturing & distribution, and financial services industries. With a unique combination of industry expertise, technology know-how, and project execution reliability, Concord helps its customers unlock business value by solving their most difficult data and technology problems. For more information, please visit www.concordusa.com.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $54 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo, and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.