MIAMI–(BUSINESS WIRE)–#IT–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/
- 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.