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Announced

Completed

HIG Capital completed the acquisition of Supply Source from Genuine Parts.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Private

Private Equity

Majority

Single Bidder

Acquisition

Completed

protective equipment

Specialty Retailers

Domestic

Synopsis

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HIG Capital completed the acquisition of Supply Source Enterprises, a manufacturer of branded and private label personal protective equipment and janitorial, safety, hygiene and sanitation products, from Genuine Parts, an American service organization. Financial terms were not disclosed. "HIG will bring additional expertise and resources to SSE to support management as they continue to broaden SSE’s customer base, expand offerings and enhance services. Importantly, given the critical role of these businesses in the Covid-19 pandemic, we remain committed to ensuring continuity of service to customers while prioritizing the wellbeing of employees,” Rahul Vinnakota, HIG Managing Director.

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