HIG Capital to acquire 4Refuel from Finning for $450m.

HIG Capital, an investment firm, agreed to acquire 4Refuel, a provider of mobile on-site refueling services, from Finning, a dealer of Caterpillar equipment and related services, for $450m. “We would like to extend our gratitude to all of the 4Refuel employees for their contribution, dedication and consistently strong execution. The decision to sell 4Refuel was carefully considered as we evaluated our strategic direction, core dealership operations, and return on invested capital objectives. We believe H.I.G. is the right partner to support 4Refuel’s long-term growth and we wish the 4Refuel team success in the future,” Kevin Parkes, Finning President and CEO.