HeadlinesBriefing favicon HeadlinesBriefing.com

HIG Capital Acquires Avove

PE Hub •
×

HIG Capital has acquired Avove, a UK-based infrastructure services and engineering company, focusing on the regulated water and power markets. Avove delivers end-to-end design and build solutions to utilities in the water, wastewater, and power sectors, operating across Great Britain and Northern Ireland.

Avove’s management team, led by CEO Mark Perkins, will reinvest alongside HIG and continue to guide the company's growth. This partnership aims to capitalize on the anticipated growth in UK infrastructure markets, driven by the need for improvements in capacity, efficiency, and resilience.

Adam Taylor, managing director at HIG, expressed enthusiasm for partnering with Avove's experienced management team. He highlighted Avove's strong track record in serving regulated utility markets and HIG's expertise in the UK services sector and acquisitive growth. Financial terms of the acquisition were not disclosed. Avove's focus on critical infrastructure sectors positions it for significant development.