HIG Capital to acquire UK plumbing and heating business of Travis Perkins for $461m.

HIG Capital, a private equity firm, agreed to acquire UK plumbing and heating business of Travis Perkins, a home improvement company, for $461m. “We are thrilled to welcome the Plumbing & Heating business from Travis Perkins into the HIG family. HIG has had great success investing in speciality distribution assets, and we will use this experience to support management in maximising the Company’s potential. This transaction is an ideal fit with our investment mandate and once more underscores HIG’s ability to execute on complex transactions such as carve-outs," Markus Noe-Nordberg, HIG Managing Director.