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Announced

H.I.G. Capital to acquire Hibu.

Synopsis

H.I.G. Capital, a global alternative investment firm, agreed to acquire Hibu Group, a provider of digital marketing services to small and medium-sized businesses. Financial terms were not disclosed. "The investment by H.I.G. is a recognition of all that the team has accomplished to date, and we are excited to partner with H.I.G. to support our next phase of growth. Hibu is committed to continuing to innovate and provide its local business customers with easier and more effective ways to execute their digital marketing strategies, build and enhance their online presence and reputation, and optimize digital ad spend," Kevin Jasper, Hibu CEO.

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