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New Deal


Announced

Completed

H.I.G. Capital completed the acquisition of Classic Lifts.

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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Private

Private Equity

Cross Border

Acquisition

Engineering Consulting

United Kingdom

maintenance services

Single Bidder

Completed

engineering services

Majority

Friendly

Synopsis

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H.I.G. Capital, a private equity and alternative assets investment firm, completed the acquisition of Classic Lifts, a UK-based provider of lift engineering and maintenance services. Financial terms were not disclosed. “We are very pleased to be joining H.I.G. as they work to build a leading technical building services group that shares our focus on customer service. This is the start of the next phase of growth for Classic as we look to continue our M&A strategy and build on customer relationships across both Classic and CPS," Keith Snow, Classic Lifts CEO.

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