H.I.G. Capital News
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H.I.G. Capital Acquires Iron Bow Technologies
MIAMI – September 28, 2018 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over $27 billion of equity capital under management, is pleased to announce that one of its affiliates has acquired a majority interest in Iron Bow Technologies (“Iron Bow”), a leading provider of IT solutions to government and commercial clients.
The investment from H.I.G. will accelerate Iron Bow’s rapid growth across the public and private sectors. Iron Bow plans to continue its organic investment strategy as well as target strategic acquisitions that will help the company expand its existing portfolio, broaden its offerings, and gain greater market diversity.
“Iron Bow’s 'customer first' culture and various consecutive top workplace recognitions are reflective of the continuous investment in our team members, partnerships and customer relationships," said President and Chief Executive Officer Rene LaVigne. “With H.I.G.’s support, Iron Bow will be better equipped to realize our greater vision, while continuing to provide all members of our eco-system with additional opportunities for success. The tremendous culture that we’ve developed will continue to be a key ingredient in our DNA.”
“Early on, we identified Iron Bow as the clear market leader for IT products and services that make federal, state and local governments run more efficiently. Building on that foundation, Iron Bow has developed a variety of cost-effective solutions for the commercial and healthcare segments. That combination of offerings make our go-to-market strategy so powerful,” commented Jeff Zanarini, a Managing Director of H.I.G. “Rene and the rest of the executive team will continue to lead the organization through this next exciting phase of organic and inorganic growth, across all these verticals.”
Iron Bow is the third government services platform investment H.I.G. has made in the past year.
About Iron Bow Technologies
Iron Bow is a leading IT solution provider dedicated to successfully transforming technology investments into business capabilities for government, commercial and healthcare clients. Our depth of technical expertise, global reach and strategic partnerships with industry leaders as well as disruptive technology partners uniquely positions Iron Bow to target the right solution to ensure a successful business outcome. We partner with our clients from planning and implementation through ongoing maintenance and management to deliver solutions that are strong, flexible and on target with their mission. Regardless of how an organization consumes technology, Iron Bow can provide the leadership required to drive innovation.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $27 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, Bogotá, Mexico City, Rio de Janeiro and São Paulo, 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:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
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.