H.I.G. Capital

H.I.G. Capital, LLC, established in 1993 and headquartered in Miami, Florida, is a global private equity firm specializing in providing capital and operational support to small and medium-sized companies. The firm invests in various sectors, including business services, consumer goods, healthcare, industrials, and technology, with a focus on the United States, Europe, and Latin America. H.I.G. Capital typically invests between $3 million and $100 million in companies with enterprise values ranging from $25 million to $1 billion, offering both debt and equity capital. The firm's investment strategy includes leveraged buyouts, growth equity, and recapitalizations, aiming to support undermanaged or underperforming companies through operational improvements and strategic growth initiatives.

Kevin Van Culin

Managing Director

Matt Gullen

Managing Director

Ross Hiatt

Co-Head, Managing Director, H.I.G. Growth Partners

Ryan Kaplan

Managing Director

Nishant Nayyar

Managing Director, European Middle Market

Markus Noe-Nordberg

Managing Director and Head, European Middle Market Fund

Keval Patel

Managing Director, Head of H.I.G. US Middle Market and Head of North American Chemicals

Christian Kraul-von Renner

Director

Matthew Robinson

Managing Director, Advantage Fund

Schwartz, Brian M.

Co-President

Aaron Tolson

Managing Director

Andrey Vakhovskiy

Managing Director

Rahul Vinnakota

Managing Director

Rob Wolfson

Executive Managing Director

Past deals in Chemical

Life Agro

Acquisition in 2024
Life Agro is a manufacturing company specializing in the production of advanced chemical solutions for the agricultural sector. Its product portfolio includes adjuvants, biostimulants, microfertilizers, and biological crop protection products, all designed to enhance agricultural productivity and address common farming challenges.

Avient - Distribution Business

Acquisition in 2022
Avient is a manufacturer and distributor of a diverse range of chemical and plastic-based products tailored for designers and processors of plastics. The company operates primarily in two segments: Color, Additives and Inks, and Specialty Engineered Materials. Its extensive product portfolio includes concentrated color and ink blends, plastic resins, and specialized polymer materials, which find applications across various industries such as food packaging, construction, transportation, cosmetics, and healthcare. The Color, Additives, and Inks segment, along with the distribution services, generates the majority of Avient's revenue, with more than half of its total earnings coming from the United States.

USALCO

Private Equity Round in 2020
USALCO, LLC is a manufacturer and distributor of aluminum-based chemical commodities, serving industrial and municipal markets across North America. Established in 1980 and headquartered in Baltimore, Maryland, the company produces a range of products including aluminum chloride, aluminum sulfate, sodium aluminate, and polyaluminum chloride. These chemicals are integral to various applications such as potable and wastewater treatment, phosphorus removal, and industrial processes. USALCO primarily caters to industries such as catalysts, pulp and paper, and water treatment. The company operates multiple production facilities located in Ashtabula, Fairfield, and Gahanna, Ohio; Baltimore, Maryland; Michigan City, Indiana; and Port Allen, Louisiana, ensuring a broad reach within the market.

Covestro

Acquisition in 2019
Covestro is a leading supplier of premium polymers, providing materials and application solutions that permeate various aspects of modern life. The company focuses on innovation and sustainability, continuously developing products and processes to address significant global challenges such as climate change, resource depletion, and urban expansion. Covestro is committed to offering sustainable solutions that respond to the growing demand for renewable energies, alternative resources, energy-efficient transportation, and affordable housing. Its portfolio includes long-lasting, lightweight, and environmentally friendly materials that often serve as viable alternatives to traditional materials like steel and glass. Additionally, Covestro Venture Capital, the company’s venture capital arm based in Leverkusen, Germany, invests in start-ups and emerging technologies, particularly in bio-based raw materials, biotechnology, and digital technologies, with a focus on fostering advancements in the circular economy and additive manufacturing.

Recochem

Acquisition in 2018
Recochem is a prominent Canadian manufacturer and distributor specializing in aftermarket transportation and household fluids, serving individual, commercial, and industrial clients. With over 60 years of experience, the company is recognized for its innovative and socially responsible business practices. Recochem's product range includes coolants, windshield washes, fuel additives, cooking fuels, and heat transfer fluids, all produced through environmentally friendly processes. The company operates consumer and industrial divisions across the Americas, Australia, Europe, and the Asia-Pacific region, leveraging a global distribution and production network to provide efficient and cost-effective solutions. Its commitment to quality and customer service has established long-standing relationships with suppliers and earned multiple vendor appreciation awards.

Elekeiroz

Acquisition in 2018
Elekeiroz S.A., established in 1894, is a Brazilian chemical company headquartered in Varzea Paulista. It operates through two segments: Organic Chemicals and Inorganic Chemicals. The Organic Chemicals segment offers products such as oxo alcohols, phthalic and maleic anhydrides, plasticizers, unsaturated polyester resins, formaldehyde, urea-formaldehyde concentrate, fumaric acid, solvents, acrylates, dryers, emulsifiers, alkyd resins, acetates, ethers, paints, and coatings. The Inorganic Chemicals segment focuses on sulfuric acid and sulfur production, along with other resale activities. Elekeiroz serves diverse industries including building and construction, paints and coatings, apparel and footwear, industrial chemistry, films and packaging materials, crop protection products, pulp and paper, and fertilizers.

Vantage Specialty Chemicals

Acquisition in 2017
Vantage Specialty Chemicals, Inc. is a manufacturer of naturally derived specialty chemicals and ingredients, primarily serving the personal care, food, consumer, and industrial markets. The company operates through four distinct business units: Vantage Personal Care, Vantage Performance Materials, Vantage Oleochemicals, and Vantage Food. Its Personal Care unit supplies chemical ingredients for various cosmetic products, while the Performance Materials unit focuses on chemicals for applications in oil and gas, lubricants, and precision cleaning. The Oleochemicals unit produces fatty acids and glycerin utilized in everyday products, and the Food unit offers processing aids and equipment. Vantage specializes in the derivatization of fatty acids through alkoxylation and esterification, creating products such as surfactants, emulsifiers, and performance additives. With a strong technical expertise and flexible processes, Vantage serves a wide range of industries, including agriculture, pharmaceuticals, textiles, and water treatment, while maintaining a global presence with locations in multiple countries. The company was incorporated in 2008 and is headquartered in Chicago, Illinois.

Dominion Colour Corporation

Acquisition in 2016
Dominion Colour Corporation specializes in color pigment solutions and preparations tailored for the coatings, plastics, and specialty ink industries on a global scale. The company offers an extensive product portfolio that emphasizes high-performance inorganic and organic pigments. Headquartered in Toronto, Canada, Dominion Colour Corporation operates advanced manufacturing facilities in Canada, the Netherlands, and the United Kingdom. Additionally, it maintains technical sales offices across the Americas, Europe, and Asia, which facilitates close collaboration with customers to meet their specific needs in pigment innovation.

IGM Resins

Debt Financing in 2015
IGM Resins is a global specialist in the development, manufacturing, and supply of radiation-curable materials tailored for the inks and coatings industry. Since its inception in the late nineties, the company has expanded its product portfolio in response to evolving technical demands from customers. IGM Resins offers a comprehensive range of products, including photoinitiators, additives, ultraviolet curable monomers, epoxy acrylates, and polyether acrylates. These products support clients in creating advanced photoinitiators and other essential ultraviolet raw materials, positioning IGM Resins as a key player in the UV ink and coating market.

Valtris Specialty Chemicals

Acquisition in 2014
Valtris Specialty Chemicals is a manufacturer of specialty chemicals and polymer additives that serve a diverse array of industries, including building and construction, packaging, consumer goods, transportation, and oilfield sectors. The company produces essential chemical intermediates, such as chlorinated toluenes and derivatives, which are utilized in coatings, flavor and fragrance, personal care, agrochemicals, and medicinal applications. Valtris's products enhance the performance of plastics, coatings, adhesives, and sealants by providing critical attributes like resiliency, flame retardancy, and ease of processing, thereby meeting the specific needs of its customers across various markets.

American Pacific

Acquisition in 2014
American Pacific Corporation is a specialized chemical manufacturer based in Cedar City, Utah, with an additional office in Las Vegas, Nevada. Founded in 1955, the company primarily produces oxidizers and specialty chemicals for the aerospace, defense, and fire protection industries. It is the sole North American producer of ammonium perchlorate, a critical ingredient in solid rocket motors and missile systems. In addition to ammonium perchlorate, American Pacific manufactures halocarbon-based clean fire extinguishing agents and sodium azide, which is used in pharmaceuticals and other applications. The company is also recognized for its Fine Chemicals segment, providing active pharmaceutical ingredients and advanced intermediates, catering to the stringent requirements of various industries.
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