H.I.G. Capital completes acquisition of Phoenix ME
What's the deal? H.I.G. CapitalDealroom has a profile for this one. Try Dealroom → has completed its acquisition of Phoenix MEDealroom has a profile for this one. Try Dealroom →, a UK-based provider of integrated mechanical and electrical engineering services. The deal value was not disclosed, and Phoenix's existing management team will remain in place.
Why now? Phoenix designs, installs and commissions mechanical and electrical systems for data centres, life sciences, infrastructure and commercial markets. H.I.G. said the company's end markets are positioned for growth, and Phoenix plans to expand across Europe and broaden its services through organic growth and strategic acquisitions.
The signal: The acquisition gives H.I.G. exposure to the infrastructure and specialist contracting work supporting data-centre and life-sciences expansion.
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