H.I.G. Capital Acquires Phoenix ME

H.I.G. Capital, an investment firm managing $75 billion, has completed the acquisition of Phoenix ME Limited. Phoenix is a UK-based provider of mechanical and electrical engineering services, primarily for data centers, life sciences, and infrastructure. Phoenix's CEO, Lee Compton, reinvests alongside H.I.G., and the current management remains in place. Jim Arnold will join as Chairman.

Phoenix holds a solid reputation for delivering complex and mission-critical projects. The company aims to expand its services across Europe and increase its service offerings through organic growth and strategic acquisitions. Phoenix sees significant potential in supporting both existing and new customers more effectively.

John Harper, Managing Director of H.I.G. in London, praised Phoenix's strong track record and identified enhanced growth prospects in its end markets. Phoenix aims to leverage H.I.G.'s partnership to deliver high-value engineering services amidst growing demand.